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EQUITY AND MEZZANINE EQUITY (Tables) | 6 Months Ended
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Jun. 30, 2023
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 and six months ended June 30, 2023 and 2022 as detailed in the table below.
| (in thousands)
Three Months Ended June 30, | Number of Units |  | Net Book Basis
2023 | 6 |  |  | $ | 324 |
2022 | 1 |  |  | $ | (13) |
Six Months Ended June 30, |  |  |
2023 | 10 |  |  | $ | 1,021 |
2022 | 11 |  |  | $ | 375 |
Pursuant to the exercise of exchange rights, the Company redeemed Units for cash during the three and six months ended June 30, 2023 and 2022 as detailed in the table below.
| (in thousands, except per Unit data)
Three Months Ended June 30, | Number of Units |  | Aggregate Cost |  | Average Price Per Unit
2023 | 1 |  |  | $ | 10 |  |  | $ | 56.58 |
2022 | 4 |  |  | $ | 327 |  |  | $ | 92.03 |
Six Months Ended June 30, |  |  |  |  |
2023 | 1 |  |  | $ | 10 |  |  | $ | 56.58 |
2022 | 35 |  |  | $ | 3,230 |  |  | $ | 93.03 |
|  | (in thousands)
|  | Number of Series E | Number of | Total
Three Months Ended June 30, |  | Preferred Units Redeemed | Common Shares Issued | Value
2023 |  | 7 |  | 9 |  | $ | 1,185 |
Six Months Ended June 30, |  |  |  |
2023 |  | 20 |  | 25 |  | $ | 2,120 |
Schedule of Sale of Common Shares | The table below provides details on the sale of common shares during the six months ended June 30, 2023 and 2022 under the 2021 ATM Program. There were no sales of common shares under the 2021 ATM Program during the three months ended June 30, 2023 and 2022. As of June 30, 2023, 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)
Six Months Ended June 30, | Number of Common Shares |  | Net Consideration(1) |  | Average Net Price Per Share
2023 | — |  |  | $ | — |  |  | $ | — |
2022 | 321 |  |  | $ | 31,732 |  |  | $ | 98.89 |
(1)Consideration is net of $338 in commissions and issuance costs during the six months ended June 30, 2022.
Schedule of Repurchased Shares | The table below provides details on the shares repurchased during the three and six months ended June 30, 2023. As of June 30, 2023, the Company had $14.2 million remaining authorized for purchase under this program.
| (in thousands, except per share amounts)
Three Months Ended June 30, | Number of Common Shares |  | Aggregate Cost(1) | Average Price Per Share(1)
2023 | 105 |  |  | $ | 5,696 |  | $ | 54.51 |
Six Months Ended June 30, |  |  |  |
2023 | 124 |  |  | $ | 6,718 |  | $ | 54.19 |
(1)Amount includes commissions.

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