ACQUISITIONS AND DISPOSITIONS

6 Months Ended

Jun. 30, 2026

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

ACQUISITIONS AND DISPOSITIONS

ACQUISITIONS

Centerspace did not acquire new real estate during the three and six months ended June 30, 2026. Centerspace acquired $149.0 million of new real estate during the three and six months ended June 30, 2025 as 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

During the three and six months ended June 30, 2026, Centerspace disposed of one apartment community and associated commercial space in one transaction for a sales price of $30.0 million. Centerspace did not dispose of any real estate during the three and six months ended June 30, 2025.



		(in thousands)
Dispositions	Date Disposed	Sale Price		Net Book Value and Transaction Costs		Gain/(Loss)
176 homes - Civic Lofts - Denver, CO	June 29, 2026	$	30,000	$	29,729	$	271




Total Dispositions		$	30,000	$	29,729	$	271