Centerspace completes sale of 14 apartment communities for $318.8M; plans special distribution

CENTERSPACE

Completed sale of 14 multifamily communities across Denver, Minneapolis, Rapid City, and Bismarck for aggregate gross proceeds of $318.8M.
Net proceeds used to repay $176M revolving credit facility; potential special distribution of $50-60M to shareholders and OP unitholders.
Pro forma 2025 net income available to common shareholders rises to $28.3M from $17.1M; 2026 six-month net loss narrows to $7.8M from $13.9M.
Final Bismarck transaction closed Aug 11, 2026; all sales closed between June 29 and Aug 11, 2026.

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