Investing.com Deals and strategy
Centerspace completes sale of 14 apartment communities for $318.8 million
Centerspace (NYSE:CSR) has completed the sale of 14 multifamily apartment communities and a note receivable for approximately $318.8 million, representing a significant portion of its market capitalization. This move is part of a portfolio optimization and deleveraging strategy, with proceeds intended for debt reduction, a potential special distribution, and general corporate purposes. The company, which has maintained dividend …