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Centerspace Reduces Credit Capacity by $150 Million
PUBLIC · CSRAug 21, 2026•6 days ago
Amount Raised
$150 Million
Round Type
Debt Financing
MinotReal EstateHospitality
Investors
Bank Of Montreal
Description
On August 21, 2026, Centerspace announced the termination of an accordion option under its Credit Agreement. This decision reduces the aggregate borrowing capacity from $400 million back to $250 million. The change reflects the Company's current financing strategy and operational needs. Centerspace had previously increased borrowing capacity by $150 million in May 2025.
Company Information
Company
Centerspace
Location
Minot, North Dakota, United States
About
Centerspace is an owner and operator of apartment communities committed to providing great homes by focusing on integrity and serving others. Founded in 1970, the company currently owns 75 apartment communities consisting of 13,498 homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota. Centerspace was named a Top Workplace for 2022 by the Minneapolis Star Tribune. For more information, please visit www.centerspacehomes.com.
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MinotReal EstateHospitality