IRET

IRET, now known as Centerspace, is a real estate development company specializing in the ownership, management, acquisition, redevelopment, and development of apartment communities.

Established in 1970, the company has grown to own a diversified portfolio of income-producing properties. These include multi-family residential, office, medical, industrial, and retail spaces.

As of the end of the most recent fiscal year, Centerspace's assets exceeded $2 billion, reflecting its significant presence in the real estate sector.

Rebranding and Vision

In December 2020, the company rebranded from Investors Real Estate Trust (IRET) to Centerspace. This change signals its evolution and future vision.

The new name and brand platform embody the company's commitment to providing better living experiences for residents, fostering a sense of belonging, satisfaction, purpose, and growth.

Portfolio and Locations

Centerspace's portfolio includes 67 apartment communities comprising 11,910 apartment homes. These are primarily located in nine states across the Upper Midwest.

Properties are strategically situated to offer residents convenient access to essential amenities and services.

Company Headquarters and Offices

The company's headquarters are located in Minot, North Dakota, with additional offices in Eden Prairie, Minnesota.

These locations serve as central hubs for Centerspace's operations, supporting its extensive property management and development activities.

Locations

• Billings Metropolitan Area, MT, USA
• Bismarck, ND, USA
• Minot, North Dakota
• Eden Prairie, Minnesota

Commitment and Industry Position

Centerspace's commitment to excellence is evident in its diversified property portfolio and its dedication to enhancing the living experiences of its residents.

The company's strategic focus on growth and development positions it as a significant player in the real estate industry, continually striving to meet the evolving needs of its communities.