Centerspace Announces Outcome of Strategic Review; $245 Million of Planned Dispositions

Company plans to dispose of approximately $245 million of assets in 2026, including a full exit from the Bismarck and Rapid City markets Proceeds will be utilized to strengthen the balance sheet by significantly reducing leverage Company declares a regular quarterly distribution of $0.77 per share/unit MINNEAPOLIS, June 1, 2026 /PRNewswire/ -- Centerspace (NYSE: CSR)(the "Company") announced today that the Company's Board of Trustees has, in connection with its comprehensive evaluation of strategic alternatives, approved a portfolio optimization and deleveraging plan designed to enhance portfolio quality, strengthen the balance sheet, preserve embedded shareholder value, and maximize strategic flexibility.   The Board and management engaged in a thorough process with a broad range of potential counterparties and assessed numerous alternatives.