 WALTHAM, Mass., June 24, 2021 GLOBE NEWSWIRE -- Great Elm Group, Inc. GEG or Great Elm NASDAQ: GEG, a diversified holding company, today announced that it sold its entire ownership interest in two Class A office buildings located in Fort Myers, Florida collectively, the Real Estate Business to an affiliate of Monomoy Properties, LLC Monomoy, a privately-held industrial properties focused REIT managed by Imperial Capital Asset Management, LLC, for a cash payment of 4.6 million. Pursuant to the terms of the transaction, GEG invested the proceeds of the sale into newly issued membership interests of Monomoy. GEG acquired the Real Estate Business in March 2018 for 2.7 million. 