This REIT Is Down 60% Since 2006, but a $9.2 Million Bet Says There’s Still Value

New York City-based DSC Meridian Capital initiated a new position in Elme Communities (NYSE:ELME), acquiring 543,081 shares valued at approximately $9.2 million, according to a November 14 SEC filing.According to a Securities and Exchange Commission (SEC) filing dated November 14, DSC Meridian Capital LP reported a new position in Elme Communities (NYSE:ELME). The fund acquired 543,081 shares during the third quarter, with the position valued at $9.2 million as of September 30. This addition brought the fund’s total number of reportable positions to 11.This new position represents 1.9% of DSC Meridian Capital's $493 million in reportable U.S. equity AUM as of September 30.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool