CSR

Centerspace is a real estate investment trust that owns, operates, and develops apartment communities primarily in Minnesota, North Dakota, Colorado, and Montana. The REIT focuses on metropolitan and suburban markets with favorable demographics, job growth, and quality of life characteristics. Centerspace provides rental housing serving diverse resident segments across its portfolio of multifamily properties. The company generates revenues from rental income and fees from residents. Formerly known as Apartment Investment and Management Company (Aimco), the company separated its businesses with Aimco focusing on development and Centerspace focusing on stable operating properties. Headquartered in Minneapolis, Minnesota, Centerspace operates as a geographically focused apartment REIT serving primarily Upper Midwest and Mountain West markets. The company benefits from market knowledge, property management capabilities, and exposure to markets with limited new supply and favorable fundamentals. Centerspace faces competition from other apartment operators, single-family rentals, economic sensitivity in served markets, and weather considerations. The REIT maintains focus on operational excellence, resident satisfaction, prudent capital allocation, and delivering consistent returns to shareholders through property operations and strategic portfolio management.