Centerspace enters Salt Lake City with $149M acquisition, plans Fort Collins buy and Saint Cloud exit

CENTERSPACE

Acquired Sugarmont in Salt Lake City for $149M; signed to buy 420-home Fort Collins community for ~$132M including $76M debt assumption.
Began marketing to sell entire Saint Cloud, MN, portfolio and several Minneapolis communities.
Exercised accordion to increase revolving credit facility by $150M to $400M.
Declared Q2 2025 dividend of $0.77 per share/unit; payable July 10, record June 27.

item 7.01item 8.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.