Highbridge Capital Management, LLC reported beneficial ownership of 5,638,128 Shares of Beneficial Interest of Elme Communities, representing 6.4% of this class. This percentage is based on 88,161,161 Shares of Beneficial Interest outstanding as of October 21, 2025, as cited from Elme’s Form 10-Q.
Highbridge, a Delaware limited liability company and investment adviser to certain funds and accounts, reports that the Highbridge Funds directly hold these securities. Highbridge has sole voting and dispositive power over the reported shares and disclaims being the beneficial owner for certain legal purposes.
The holding is described as being acquired and held in the ordinary course of business and not for the purpose of changing or influencing control of Elme Communities, nor in connection with any control-related transaction, other than limited activities tied to proxy nomination rules.
Positive
None.
Negative
None.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Elme Communities
(Name of Issuer)
Shares of Beneficial Interest, par value $0.01 per share
(Title of Class of Securities)
939653101
(CUSIP Number)
12/31/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
939653101
1
Names of Reporting Persons
Highbridge Capital Management, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
5,638,128.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
5,638,128.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,638,128.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.4 %
12
Type of Reporting Person (See Instructions)
IA, OO
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Elme Communities
(b)
Address of issuer's principal executive offices:
7550 Wisconsin Ave, Suite 900, Bethesda, MD 20814
Item 2.
(a)
Name of person filing:
This statement is filed by Highbridge Capital Management, LLC ("Highbridge" or the "Reporting Person"), a Delaware limited liability company and the investment adviser to certain funds and accounts (the "Highbridge Funds"), with respect to the shares of beneficial interest, par value $0.01 per share ("Shares of Beneficial Interest"), of Elme Communities, a Maryland real estate investment trust (the "Issuer"), directly held by the Highbridge Funds.
The filing of this statement should not be construed as an admission that any of the foregoing persons or the Reporting Person is, for the purposes of Section 13 of the Securities Exchange Act of 1934, the beneficial owner of the securities reported herein.
(b)
Address or principal business office or, if none, residence:
The address of the business office of the Reporting Person is 390 Madison Avenue, 28th Floor, New York, NY 10017.
(c)
Citizenship:
Highbridge is a Delaware limited liability company.
(d)
Title of class of securities:
Shares of Beneficial Interest, par value $0.01 per share
(e)
CUSIP No.:
939653101
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
The information required by Item 4(a) is set forth in Row 9 of the cover page for the Reporting Person and is incorporated herein by reference.
The percentage set forth in this Schedule 13G is calculated based upon an aggregate of 88,161,161 Shares of Beneficial Interest outstanding as of October 21, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2025, filed with the Securities and Exchange Commission on October 24, 2025.
(b)
Percent of class:
6.4%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for the Reporting Person and is incorporated herein by reference.
(ii) Shared power to vote or to direct the vote:
The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for the Reporting Person and is incorporated herein by reference.
(iii) Sole power to dispose or to direct the disposition of:
The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for the Reporting Person and is incorporated herein by reference.
(iv) Shared power to dispose or to direct the disposition of:
The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for the Reporting Person and is incorporated herein by reference.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
See Item 2(a). The Highbridge Funds have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Shares of Beneficial Interest reported herein. Highbridge Tactical Credit Master Fund, L.P., a Highbridge Fund, has the right to receive or the power to direct the receipt of dividends or the proceeds from the sale of more than 5% of the outstanding Shares of Beneficial Interest.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
What ownership stake in Elme Communities (ELME) does Highbridge report?
Highbridge Capital Management reports a 6.4% stake in Elme Communities. It beneficially owns 5,638,128 Shares of Beneficial Interest, based on 88,161,161 shares outstanding as of October 21, 2025, as referenced from Elme’s quarterly report.
How many Elme Communities shares does Highbridge control voting and disposal of?
Highbridge reports sole voting and dispositive power over 5,638,128 shares. It indicates zero shared voting or shared dispositive power, meaning all reported authority over these Shares of Beneficial Interest rests with Highbridge alone under this Schedule 13G.
Is Highbridge’s Elme Communities position intended to influence control of the company?
Highbridge states its Elme holdings are not for changing or influencing control. The shares were acquired and are held in the ordinary course of business, not in connection with any control-related transaction, except limited activities linked to proxy nomination provisions.
Who directly holds the Elme Communities shares associated with Highbridge?
The shares are directly held by certain funds and accounts advised by Highbridge. These are referred to as the Highbridge Funds, with Highbridge acting as investment adviser and reporting beneficial ownership on their behalf in this Schedule 13G filing.
What entity within the Highbridge group holds more than 5% of Elme’s shares?
Highbridge Tactical Credit Master Fund, L.P. is identified as holding over 5%. The filing notes this Highbridge Fund has the right to receive dividends or sale proceeds from more than 5% of Elme Communities’ outstanding Shares of Beneficial Interest.
What type of entity is Highbridge in this Elme Communities Schedule 13G?
Highbridge is described as an investment adviser organized as a Delaware LLC. It files the Schedule 13G as the investment adviser to the Highbridge Funds, which directly hold the Elme Communities Shares of Beneficial Interest reported in the document.
