Centerspace Expands Denver Presence with $54M Acquisition

An update from Centerspace ( (CSR) ) is now available.

Centerspace has expanded its real estate footprint in Denver by acquiring The Lydian, a mixed-use residential and retail property, for $54 million. The deal enriches Centerspace’s portfolio, which now includes over 2,500 homes in the region. The acquisition was strategically financed, involving debt assumption, common operating partnership units, and cash. This move, along with the redemption of preferred shares and selling shares under its ATM program, underscores Centerspace’s commitment to financial savvy and shareholder value.

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