M&A
confidence high
sentiment positive
materiality 0.85
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.