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Centerspace to Acquire Seventeen Property Multifamily Portfolio Totaling 2,696-Units for $324 Million in Strategic Minnesota Markets

MINNEAPOLIS, MN - Centerspace (NYSE: CSR) has entered into Contribution Agreements with entities managed by KMS Management, Inc. (KMS), to acquire a portfolio of 17 communities for the aggregate purchase price of $323.8 million. The portfolio of 19 real estate assets is comprised of 14 communities in Minneapolis, Minnesota and three communities in St. Cloud, Minnesota. The acquisition will add 2,696 apartment homes to the Centerspace portfolio, further strengthening the Companys footprint in...
United States Marko Decker Jr Management Inc Partnership Unit Partnership Units Strategic Minnesota

Centerspace To Acquire $324 Million Strategic Minnesota Portfolio

Centerspace To Acquire $324 Million Strategic Minnesota Portfolio News provided by Share this article Share this article MINNEAPOLIS, June 3, 2021 /PRNewswire/ -- Centerspace (NYSE: CSR) has entered into Contribution Agreements with entities managed by KMS Management, Inc. ("KMS"), to acquire a portfolio of 17 communities for the aggregate purchase price of $323.8 million. The portfolio of 19 real estate assets is compriseed of 14 communities in Minneapolis, Minnesota and three communities i...
United States South Dakota Cottage Grove Saint Cloud Brooklyn Park North Dakota

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