---
schema_version: "secwatch.filing_event.v1"
accession: "0000798359-24-000115"
form_type: "8-K"
ticker: "CSR"
cik: "0000798359"
company_name: "CENTERSPACE"
filed_at: "2024-10-02T23:59:59+00:00"
generated_at: "2026-05-30T22:53:31.123792+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Centerspace expands Denver presence with $54M acquisition of The Lydian; redeems Series C preferred

## Summary
- Acquired 129-home community The Lydian in Denver for $54M; includes 23K sq ft retail space.
- Assumed $35M mortgage at 3.72%, interest-only through Jan 2032, maturing Feb 2037.
- Issued $14.5M in common OP units at $76.42/unit as part of consideration.
- Redeemed all outstanding 6.625% Series C Cumulative Redeemable Preferred Shares on Sept 30, 2024.
- Sold ~1.59M shares via ATM YTD 2024 for gross proceeds ~$113.7M; proceeds used for preferred redemption and debt paydown.

## SEC filing metadata
- accession: 0000798359-24-000115
- form_type: 8-K
- ticker: CSR
- cik: 0000798359
- company_name: CENTERSPACE
- filed_at: 2024-10-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/798359/000079835924000115/0000798359-24-000115-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/798359/000079835924000115/csr-20241002.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000798359-24-000115
- JSON: https://secwatch.observer/filing/0000798359-24-000115.json
- Plain text: https://secwatch.observer/filing/0000798359-24-000115.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.