secwatch.observer — SEC 8-K summary
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Issuer:     CENTERSPACE (CSR)
CIK:        0000798359
Form:       8-K
Filed at:   2026-08-14T20:15:17+00:00
Accession:  0000798359-26-000084
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/798359/000079835926000084/0000798359-26-000084-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/798359/000079835926000084/iret-20260811.htm
  HTML page:      https://secwatch.observer/filing/0000798359-26-000084

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer