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

Reuters

03 Jun

<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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Centerspace publish","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4215":"住宅房地产投资信托","CSR":"Centerspace"},"translate_title":"Centerspace以1.49亿美元收购扩展到盐湖城，并签署柯林斯堡社区协议","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CSR":0.9},"content_text":"Centerspace Expands into Salt Lake City with $149 Million Acquisition and Signs Agreement for Fort Collins Community\n    \n\n        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. 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