.
MergerLinks Header Logo

Announced

Completed

Centerspace completed the acquisition of a portfolio of three communities in Minneapolis and one community in Denver for $131m.

Financials

Edit Data
Transaction Value£97m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Friendly

Private

Real Estate Holding and Development

Single Bidder

residential communities

Majority

Domestic

Acquisition

Real Estate

Completed

residential real estate

United States

Synopsis

Edit

Centerspace, a real estate company focused on the ownership, management, acquisition, and redevelopment of apartment communities, completed the acquisition of a portfolio of three communities in Minneapolis and one community in Denver for $131m. "These communities are great additions to our portfolio - all well located in great sub-markets, newer and provide a wonderful place to live in our key markets of Minneapolis and Denver. We're pleased that we were able to match-fund these investments with our ATM issuances. In 2022 we will focus on the strategic priorities of enhancing our portfolio quality and resident experience, and growing distributable cash flow and core FFO while providing great homes for our residents, our team, and our investors," Mark O. Decker, Centerspace President and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US