---
schema_version: "secwatch.filing_event.v1"
accession: "0000798359-26-000057"
form_type: "8-K"
ticker: "CSR"
cik: "0000798359"
company_name: "CENTERSPACE"
filed_at: "2026-06-01T20:30:13+00:00"
generated_at: "2026-06-01T20:38:43.104933+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000798359-26-000057
- form_type: 8-K
- ticker: CSR
- cik: 0000798359
- company_name: CENTERSPACE
- filed_at: 2026-06-01T20:30:13+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/798359/000079835926000057/0000798359-26-000057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/798359/000079835926000057/iret-20260601.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000798359-26-000057
- JSON: https://secwatch.observer/filing/0000798359-26-000057.json
- Plain text: https://secwatch.observer/filing/0000798359-26-000057.txt

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