ACQUISITIONS AND DISPOSITIONS (Tables)

12 Months Ended

Dec. 31, 2025

The Company’s acquisitions during the years ended December 31, 2025 and 2024 are detailed below.

Year Ended December 31, 2025


	Date Acquired	(in thousands)
		Total Acquisition Cost(1)		Form of Consideration		Investment Allocation
Acquisitions				Cash		Other(2)		Land		Building		Intangible Assets(3)		Other(4)

341 homes - Sugarmont - Salt Lake City, UT	May 30, 2025	$	149,000	$	149,000	$	—	$	20,086	$	124,649	$	4,265	$	—
420 homes - Railway Flats - Loveland, CO	July 29, 2025	132,200		55,704		76,496		10,387		94,198		4,046		23,569



Total Acquisitions		$	281,200	$	204,704	$	76,496	$	30,473	$	218,847	$	8,311	$	23,569

(1)Excludes $1.5 million in capitalized transaction cost.

(2)Assumption of seller's debt upon closing.

(3)Intangible assets consist of in-place leases valued at the time of acquisition.

(4)Debt premium on assumed mortgages acquired.

Year Ended December 31, 2024

(1)Excludes $546,000 in capitalized transaction cost.

(2)Fair value of operating partnership units issued on acquisition, including a $641,000 fair value adjustment.

(3)Assumption of seller's debt upon closing.

(4)Intangible assets consist of in-place leases valued at the time of acquisition.

(5)Debt premium on assumed mortgage and TIF note acquired. Refer to Note 2 for further TIF note discussion.

The dispositions for the years ended December 31, 2025 and 2024 are detailed below.

Year Ended December 31, 2025


		(in thousands)
	Date			Book Value
Dispositions	Disposed	Sales Price		and Sale Cost		Gain/(Loss)
Multifamily
832 homes - 5 St. Cloud apartment communities	September 23, 2025	$	124,000	$	44,451	$	79,549
679 homes and related commercial space - 7 Minneapolis apartment communities	November 6, 2025	88,075		88,050		25
Other - Commercial
Corporate Office - Minot, ND	December 15, 2025	3,400		3,504		(104)

Total Dispositions		$	215,475	$	136,005	$	79,470

Year Ended December 31, 2024


		(in thousands)
	Date			Book Value
Dispositions	Disposed	Sales Price		and Sale Cost		Gain/(Loss)
Multifamily
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)

CENTERSPACE 10-K