Centerspace approves $240-245M asset sales; exits Bismarck and Rapid City

CENTERSPACE

Plans $240-245M of asset sales in 2026 across 12 communities, exiting Bismarck and Rapid City plus one Denver property.
Debt to decrease by $175-190M, including repayment of line of credit; Net Debt/EBITDA improves from 8.2x to sub-7x.
Potential special distributions of $45-65M later in year; regular quarterly distribution of $0.77/unit declared.
All dispositions under contract with closings expected in second half of 2026.

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