- CEO
- Anne M. Olson
- Full Time Employees
- 377
- Sector
- Real Estate
- Industry
- REIT - Residential
- Address
- 3100 10th Street SW Minot ND United States of America 58702
- IPO Date
- Sep 27, 2017
- Business
- Centerspace (NYSE: CSR; CSR-PC) is a real estate investment trust focused on the ownership, management, acquisition, redevelopment, and development of apartment communities primarily in the Midwest and Mountain West regions of the United States; its core offerings include middle-income multifamily residential rentals with amenities such as fitness centers, swimming pools, clubhouses, and outdoor recreational areas; the company targets middle-income renters in key markets including Minneapolis, Denver, Omaha, and Salt Lake City. Founded in 1970 and headquartered in Minot, North Dakota, Centerspace operates approximately 68 apartment communities comprising 12,941 apartment homes across Colorado, Minnesota, Montana, Nebraska, North Dakota, South Dakota, and Utah as of late 2025. The company generates revenue mainly from rental income (approximately 96% of total), supplemented by resident fees and other property-related services; it maintains high occupancy rates, averaging around 94.6% in recent periods, through professional on-site management and resident-focused initiatives. Recent developments include entry into the Salt Lake City market with the May 2025 acquisition of Sugarmont, a 341-unit community for $149 million, alongside a Fort Collins, Colorado purchase of a 420-unit property for $132 million; in November 2025, Centerspace's Board of Trustees initiated a strategic review of alternatives, including potential sale, merger, or other business combinations, supported by advisors BMO Capital Markets and Wachtell, Lipton, Rosen & Katz; the company also earned recognition as a top workplace for the sixth consecutive year in 2025 by the Minneapolis Star Tribune.