Centerspace Expands into Salt Lake City with $149 Million Acquisition and Signs Agreement for Fort Collins Community

Reuters

06-03

<a href="https://laohu8.com/S/CSR">Centerspace</a> Expands into Salt Lake City with $149 Million Acquisition and Signs Agreement for Fort Collins Community

MINNEAPOLIS, MN, June 2, 2025 - Centerspace (NYSE: CSR) has announced its entrance into the Salt Lake City market with the acquisition of Sugarmont, a 341-home community in the Sugar House submarket, for $149 million. This marks Centerspace's first acquisition in the area, expanding its presence in the Mountain West region. Additionally, Centerspace has signed an agreement to acquire a 420-home community in Fort Collins, CO, with the closing expected in mid-June for approximately $132 million, including the assumption of $76 million in mortgage debt. The company is also marketing its five-community portfolio in Saint Cloud, MN, for sale, signaling a strategic exit from the market.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Centerspace published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000798359-25-000073), on June 02, 2025, and is solely responsible for the information contained therein.

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This marks Centerspace's first acquisition in the area, expanding its presence in the Mountain West region. Additionally, Centerspace has signed an agreement to acquire a 420-home community in Fort Collins, CO, with the closing expected in mid-June for approximately $132 million, including the assumption of $76 million in mortgage debt. The company is also marketing its five-community portfolio in Saint Cloud, MN, for sale, signaling a strategic exit from the market.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Centerspace published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000798359-25-000073), on June 02, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CSR","symbol_name":"Centerspace","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250602:nNDL1LTBK3:1","article_id":"2540713127","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2540713127","pubTimestamp":1748896275,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"MINNEAPOLIS, MN, June 2, 2025 - Centerspace  has announced its entrance into the Salt Lake City market with the acquisition of Sugarmont, a 341-home community in the Sugar House submarket, for $149 million. This marks Centerspace's first acquisition in the area, expanding its presence in the Mountain West region. Additionally, Centerspace has signed an agreement to acquire a 420-home community in Fort Collins, CO, with the closing expected in mid-June for approximately $132 million, including the assumption of $76 million in mortgage debt. The company is also marketing its five-community portfolio in Saint Cloud, MN, for sale, signaling a strategic exit from the market.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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