Key facts
- Centerspace plans to dispose of approximately $245 million of assets in 2026.
- The company will exit the Bismarck and Rapid City markets.
- Proceeds from dispositions will be used to reduce leverage.
- A regular quarterly distribution of $0.77 was declared.
Centerspace, a real estate investment trust (REIT), is undertaking a strategic review of its portfolio. The company's decision to divest certain assets and exit specific markets is aimed at optimizing its portfolio and improving its financial standing by reducing debt.