v3.25.2
ACQUISITIONS AND DISPOSITIONS
 6 Months Ended
Jun. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
ACQUISITIONS AND DISPOSITIONS ACQUISITIONS AND DISPOSITIONS
ACQUISITIONS
Centerspace acquired $149.0 million of new real estate during the three and six months ended June 30, 2025. Centerspace did not acquire new real estate during the three and six months ended June 30, 2024. The acquisitions for the six months ended June 30, 2025 are detailed below.
(in thousands)
Form of Consideration
Investment Allocation
Acquisitions
Date
Acquired
Cash(1)
Land
Building & Improvements
Intangible Assets(2)
341 homes - Sugarmont - Salt Lake City, UT
May 30, 2025$149,000 $20,086 $124,649 $4,265 
Total Acquisitions
$149,000 $20,086 $124,649 $4,265 
(1)Excludes $1.1 million in capitalized transaction cost.
(2)Intangible assets consist of in-place leases valued at the time of acquisition.
DISPOSITIONS
Centerspace did not dispose of any real estate during the three and six months ended June 30, 2025 and the three months ended June 30, 2024. During the six months ended June 30, 2024, Centerspace disposed of two apartment communities in two transactions for an aggregate sales price of $19.0 million. The dispositions for the six months ended June 30, 2024 are detailed below.
Six Months Ended June 30, 2024
(in thousands)
DispositionsDate
Disposed		Sale Price
Net Book Value and Transaction Costs
Gain/(Loss)
69 homes - Southdale Parc - Richfield, MN
February 29, 2024$6,200 $6,497 $(297)
136 homes - Wingate - New Hope, MN
February 29, 202412,800 13,080 (280)
Total Dispositions$19,000 $19,577 $(577)