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ACQUISITIONS AND DISPOSITIONS | 3 Months Ended
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Mar. 31, 2025
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
ACQUISITIONS AND DISPOSITIONS | ACQUISITIONS AND DISPOSITIONS ACQUISITIONS Centerspace did not acquire new real estate during the three months ended March 31, 2025 and 2024. DISPOSITIONS Centerspace did not dispose of any real estate during the three months ended March 31, 2025. During the three months ended March 31, 2024, Centerspace disposed of two apartment communities in two exchange transactions for an aggregate sales price of $19.0 million. The dispositions for the three months ended March 31, 2024 are detailed below.
Three Months Ended March 31, 2024
|  |  | (in thousands)
Dispositions | Date Disposed |  | Sale Price |  | Net Book Value and Transaction Costs |  | Gain/(Loss)
69 homes - Southdale Parc - Richfield, MN | February 29, 2024 |  | $ | 6,200 |  |  | $ | 6,497 |  |  | $ | (297) |
136 homes - Wingate - New Hope, MN | February 29, 2024 |  | 12,800 |  |  | 13,080 |  |  | (280) |
Total Dispositions |  |  | $ | 19,000 |  |  | $ | 19,577 |  |  | $ | (577) |

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- Definition The entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/805/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/205-20/tableOfContent + Details
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