Regulation Other Events. As previously disclosed, on September 30, 2021, Centerspace, LP (the “Operating Partnership”), an indirect subsidiary of Centerspace (the “Company”), entered into a Third Amended and Restated Credit Agreement, as amended (the “Credit Agreement”), by and among the Operating Partnership, each of the guarantors party thereto, including the Company, the lenders from time to time party thereto, and Bank of Montreal, as administrative agent (the “Agent”). On May 29, 2025, t…

Completion of Acquisition or Disposition of Assets As previously disclosed, in connection with its strategic review, its Board of Trustees (the “Board”) of Centerspace (the “Company”) approved a portfolio optimization and deleveraging plan that included targeted asset sales. In connection with such plan, the Company entered into purchase and sale agreements for the sale of 14 multifamily apartment communities under four separate purchase and sale agreements with three unaffiliated third-party…

and the earnings release furnished as Exhibit 99.1 under Item 9.01, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any Company filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as shall be expressly set forth by specific reference in such filing.

Other Events. On June 1, 2026, the Company announced that the Board has, following a comprehensive evaluation of strategic alternatives, approved a portfolio optimization and deleveraging plan to enhance portfolio quality, strengthen the balance sheet, preserve embedded shareholder value, and maximize strategic flexibility. The plan includes approximately $240-245 million of targeted asset sales in 2026, comprising twelve communities, including a full exit from the Bismarck and Rapid City mar…

Regulation FD Disclosure. On June 1, 2026, Centerspace (the “Company”) issued a press release relating to the outcome of the strategic review by its Board of Trustees (the “Board”). A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference. The press release will also appear on the Company’s website. The investor presentation included as Exhibit 99.2 to this Current Report on Form 8-K was made available to investors beginning…

and the earnings release furnished as Exhibit 99.1 under Item 9.01, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any Company filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as shall be expressly set forth by specific reference in such filing.

Trustee — Emily Nagle Green: Emily Nagle Green is retiring from her work on the Board upon the expiration of her term.

and Item 9.01, including the press release furnished as Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any Company filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as shall be expressly set forth by specific reference in such filing.

and the earnings release furnished as Exhibit 99.1 under Item 9.01, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any Company filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as shall be expressly set forth by specific reference in such filing.

and the earnings release furnished as Exhibit 99.1 under Item 9.01, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any Company filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as shall be expressly set forth by specific reference in such filing.

Other Events. Effective July 31, 2025, the Company’s Board of Trustees (the “Board”) authorized a share repurchase program (the “Share Repurchase Program”) under which the Company may repurchase up to $100 million of its common shares of beneficial interest, no par value per share (the “Common Shares”), through July 31, 2026. Under the Share Repurchase Program, the Company may repurchase Common Shares from time to time in open market transactions, through privately negotiated transactions, th…

The filing discloses the adoption of a new equity incentive plan and award agreements, which is a compensatory arrangement rather than a change in management personnel.

Other Events. As previously disclosed, on September 30, 2021, Centerspace, LP (the “Operating Partnership”), an indirect subsidiary of the Company, entered into the Third Amended and Restated Credit Agreement (as amended, the “Facility”) among the Operating Partnership, each of the guarantors, including the Company, the lenders from time to time party thereto, and Bank of Montreal, as administrative agent (the “Agent”). The Facility has total commitments and borrowing capacity of up to $250.0…

and the earnings release furnished as Exhibit 99.1 under Item 9.01, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any Company filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as shall be expressly set forth by specific reference in such filing.

Director — Jeffrey P. Caira: The filing discloses a director's planned retirement from the board upon the expiration of his term, which is a routine succession event rather than a sudden executive departure.

and Item 9.01, including the press release furnished as Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any Company filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as shall be expressly set forth by specific reference in such filing.

and the earnings release furnished as Exhibit 99.1 under Item 9.01, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any Company filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as shall be expressly set forth by specific reference in such filing.

Entry into a Material Definitive Agreement. On September 9, 2024, Centerspace (the “Company”) entered into a third amendment (the “Amendment”) to the Equity Distribution Agreement (the “Agreement”), dated September 10, 2021, as amended by Amendment No. 1 to the Agreement, dated May 9, 2024 and Amendment No. 2 to the Agreement, dated July 29, 2024 with BMO Capital Markets Corp., Robert W. Baird & Co. Incorporated, BofA Securities, Inc., BTIG, LLC, Colliers Securities LLC, Janney Montgomery Sco…

and the earnings release furnished as Exhibit 99.1 under Item 9.01, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any Company filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as shall be expressly set forth by specific reference in such filing.

Director — Jay Rosenberg: The filing discloses the appointment of a new independent Trustee (Director) to the Board, which is a routine governance event and not an executive departure.

Other Events. On May 9, 2024, Centerspace (the “Company”) entered into a first amendment (the “Amendment”) to the Equity Distribution Agreement (the “Agreement”), dated September 10, 2021, with BMO Capital Markets Corp., BofA Securities, Inc., BTIG, LLC, Jefferies LLC, Piper Sandler & Co., Raymond James & Associates, Inc., and UBS Securities LLC as sales agent, forward seller (except with respect to BTIG, LLC) and/or principal, and Nomura Securities International, Inc. (acting through BTIG, L…

and item 9.01, including the press release furnished as Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any Company filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as shall be expressly set forth by specific reference in such filing.