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...
Source: multifamilybiz.com