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EQUITY AND MEZZANINE EQUITY (Tables) | 9 Months Ended
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Sep. 30, 2024
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 nine months ended September 30, 2024 and 2023 as detailed in the table below.
| (in thousands)
Three Months Ended September 30, | Number of Units |  | Net Book Basis
2024 | 19 |  |  | $ | 845 |
2023 | 97 |  |  | $ | 898 |
Nine Months Ended September 30, |  |  |
2024 | 52 |  |  | $ | 2,212 |
2023 | 107 |  |  | $ | 1,919 |
|  | (in thousands)
|  | Number of Series E | Number of | Total
Three Months Ended September 30, |  | Preferred Units Redeemed | Common Shares Issued | Value
2024 |  | 12 |  | 15 |  | $ | 1,051 |
2023 |  | 5 |  | 6 |  | $ | 176 |
Nine Months Ended September 30, |  |  |  |
2024 |  | 33 |  | 40 |  | $ | 2,271 |
2023 |  | 25 |  | 31 |  | $ | 2,296 |
Schedule of Sale of Common Shares | The table below provides details on the sale of common shares during the three and nine months ended September 30, 2024 under the ATM Program. There were no sales of common shares under the ATM Program during the three and nine months ended September 30, 2023. As of September 30, 2024, common shares having an aggregate offering price of up to $262.9 million remained available under the ATM Program.
|  | (in thousands, except per share amounts)
Three Months Ended September 30, |  | Number of Common Shares |  |  | Net Consideration(1) | Average Net Price Per Share
2024 |  | 1,477 |  |  |  | $ | 105,052 |  | $ | 71.12 |
Nine Months Ended September 30, |  |  |  |  |  |
2024 |  | 1,587 |  |  |  | $ | 112,613 |  | $ | 71.66 |
(1)Includes 869,000 shares sold on a forward basis for $62.7 million which were physically settled during the three months ended September 30, 2024. (2)Total consideration is net of $1.0 million and $1.1 million in commissions during the three and nine months ended September 30, 2024, respectively.
Schedule of Repurchased Shares | The table below provides details on the shares repurchased during the nine months ended September 30, 2024 and 2023. As of September 30, 2024, the Company had $4.7 million remaining authorized for purchase under this program.
| (in thousands, except per share amounts)
Nine Months Ended September 30, | Number of Common Shares |  | Aggregate Cost(1) | Average Price Per Share(1)
2024 | 88 |  |  | $ | 4,703 |  | $ | 53.62 |
2023 | 124 |  |  | $ | 6,718 |  | $ | 54.19 |
(1)Amount includes commissions.

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