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EQUITY AND MEZZANINE EQUITY (Tables) | 3 Months Ended
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Mar. 31, 2022
Equity [Abstract] |
Schedule of Conversions of Stock | Centerspace redeemed Units in exchange for common shares in connection with Unitholders exercising their exchange rights during the three months ended March 31, 2022 and 2021 as detailed in the table below.
| (in thousands)
Three Months Ended March 31, | Number of Units |  | Net Book Basis
2022 | 10 |  |  | $ | (388) |
2021 | 26 |  |  | $ | (220) |
Pursuant to the exercise of exchange rights, the Company redeemed Units for cash during the three months ended March 31, 2022 and 2021 as detailed in the table below.
| (in thousands)
Three Months Ended March 31, | Number of Units |  | Aggregate Cost |  | Average Price Per Unit
2022 | 31 |  |  | $ | 2,903 |  |  | $ | 93.14 |
2021 | — |  |  | $ | 9 |  |  | $ | 71.55 |
Schedule of Sale of Common Shares | The table below provides details on the sale of common shares during the three months ended March 31, 2022 and 2021 under both the 2019 and 2021 ATM Programs. As of March 31, 2022, common shares having an aggregate offering price of up to $126.6 million remained available under the 2021 ATM Program.
| (in thousands, except per share amounts)
Three Months Ended March 31, | Number of Common Shares |  | Net Consideration(1) |  | Average Net Price Per Share
2022 | 321 |  |  | $ | 31,732 |  |  | $ | 98.89 |
2021 | 164 |  |  | $ | 11,859 |  |  | $ | 72.19 |
(1)Total consideration is net of $338 and $181 in commissions and issuance costs during the three months ended March 31, 2022 and 2021, respectively.

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