Centerspace (CSR) issues $125 million private placement notes.

Centerspace (CSR) announced today that it has issued $125 million of senior unsecured notes in a private placement transaction sponsored by Prudential Private Capital.  The offering included:

• • • $35 million of 2.50% senior unsecured notes due 2030.
    • $50 million of 2.62% senior unsecured notes due 2031.
    • $25 million of 2.68% senior unsecured notes due 2032.
    • $15 million of 2.78% senior unsecured notes due 2034.

Established in 1971, Centerspace (CSR) is a small-cap owner of multifamily properties with a current portfolio of 62 communities and 11,579 units.  The portfolio is located in six states with market concentrations in Denver, Minneapolis, Omaha, Rochester, St. Cloud, and other North Dakota locations. As of June 30, 2021, CSR had a total market capitalization of approximately $2.0 billion.

09/20/2021