(3) | Elme Communities filed a prospectus supplement to Registration Statement No. 333-224135 on May 4, 2018 (the “2018 Prospectus Supplement”), which became effective upon filing, registering an aggregate gross sales price of up to $250,000,000 common shares, for a total registration fee of $31,125, the offering of which has been terminated, $6,375 of which was offset from the fee related to the unsold securities under a prior prospectus supplement. On February 17, 2021, Elme Communities filed a prospectus supplement to Registration Statement No. 333-253164 (the “2021 Prospectus Supplement”) registering an aggregate gross sales price of up to $408,183,475 common shares, for a total registration fee of $44,533, $13,468 of which was offset from the fee related to the unsold securities under the 2018 Prospectus Supplement. As of the date of this Registration Statement, $339,985,629.07 remains unsold under the 2021 Prospectus Supplement, the offering of which has been terminated. Pursuant to Rule 457(p) under the Securities Act, a registration fee credit of $37,092.58, the amount of the fee attributable to the unsold securities under the 2021 Prospectus Supplement, is available to offset the current registration fee. |