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Centerspace Reduces Credit Capacity by $150 Million

PUBLIC · CSRAug 21, 2026

Amount Raised

$150 Million

Round Type

Debt Financing

MinotReal EstateHospitality

Investors

Bank Of Montreal

Description

On August 21, 2026, Centerspace announced the termination of an accordion option under its Credit Agreement. This decision reduces the aggregate borrowing capacity from $400 million back to $250 million. The change reflects the Company's current financing strategy and operational needs. Centerspace had previously increased borrowing capacity by $150 million in May 2025.

Company Information

Company

Centerspace

Location

Minot, North Dakota, United States

About

Centerspace is an owner and operator of apartment communities committed to providing great homes by focusing on integrity and serving others. Founded in 1970, the company currently owns 75 apartment communities consisting of 13,498 homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota. Centerspace was named a Top Workplace for 2022 by the Minneapolis Star Tribune. For more information, please visit www.centerspacehomes.com.

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Centerspace raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.