CenterSpace Files 8-K: No Major Events Reported
Ticker: CSR · Form: 8-K · Filed: May 9, 2024 · CIK: 798359
| Field | Detail |
|---|---|
| Company | Centerspace (CSR) |
| Form Type | 8-K |
| Filed Date | May 9, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $250,000,000, $123,394,453, $126,605,547 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, real-estate, REIT
TL;DR
CENTERSPACE 8-K filed 5/9, nothing new to report. Status quo.
AI Summary
On May 9, 2024, CenterSpace (formerly Investors Real Estate Trust) filed an 8-K report. The filing indicates no specific material events or transactions to report as of that date, suggesting a routine update or confirmation of no significant changes. The company, incorporated in North Dakota, operates as a Real Estate Investment Trust.
Why It Matters
This filing indicates a lack of significant new information or material events for CenterSpace as of May 9, 2024, which could be relevant for investors monitoring the company's status.
Risk Assessment
Risk Level: low — The filing is a routine 8-K with no disclosed material events, indicating low immediate risk from this specific report.
Key Players & Entities
- CenterSpace (company) — Registrant
- Investors Real Estate Trust (company) — Former company name
- May 9, 2024 (date) — Date of report
- North Dakota (location) — State of incorporation
FAQ
What is the primary purpose of this 8-K filing for CenterSpace?
The primary purpose of this 8-K filing for CenterSpace, dated May 9, 2024, is to report 'Other Events' as per the SEC filing requirements, indicating a status update or confirmation of no significant material events.
When was CenterSpace previously known by another name?
CenterSpace was formerly known as Investors Real Estate Trust, with a date of name change recorded as July 3, 1992.
In which state is CenterSpace incorporated?
CenterSpace is incorporated in North Dakota.
What is CenterSpace's IRS Employer Identification Number?
CenterSpace's IRS Employer Identification Number is 45-0311232.
What is the business address and phone number for CenterSpace?
The business address for CenterSpace is 3100 10th Street SW, Post Office Box 1988, Minot, ND 58702-1988, and its telephone number is (701) 837-4738.
Filing Stats: 920 words · 4 min read · ~3 pages · Grade level 11.7 · Accepted 2024-05-09 16:58:57
Key Financial Figures
- $250,000,000 — ng an aggregate offering price of up to $250,000,000 pursuant to the Agreement. The Company
- $123,394,453 — s having an aggregate offering price of $123,394,453, leaving an available balance of $126,6
- $126,605,547 — 94,453, leaving an available balance of $126,605,547 aggregate offering price of Shares that
Filing Documents
- csr-20240509.htm (8-K) — 31KB
- exhibit11-equitydistributi.htm (EX-1.1) — 323KB
- exhibit51opinion.htm (EX-5.1) — 11KB
- 0000798359-24-000053.txt ( ) — 584KB
- csr-20240509.xsd (EX-101.SCH) — 2KB
- csr-20240509_def.xml (EX-101.DEF) — 16KB
- csr-20240509_lab.xml (EX-101.LAB) — 27KB
- csr-20240509_pre.xml (EX-101.PRE) — 16KB
- csr-20240509_htm.xml (XML) — 4KB
01. Other Events
Item 8.01. Other Events. On May 9, 2024, Centerspace (the "Company") entered into a first amendment (the "Amendment") to the Equity Distribution Agreement (the "Agreement"), dated September 10, 2021, with BMO Capital Markets Corp., BofA Securities, Inc., BTIG, LLC, Jefferies LLC, Piper Sandler & Co., Raymond James & Associates, Inc., and UBS Securities LLC as sales agent, forward seller (except with respect to BTIG, LLC) and/or principal, and Nomura Securities International, Inc. (acting through BTIG, LLC as agent), as forward seller to Nomura Global Financial Products, Inc., its relevant forward purchaser (to the extent serving in such capacity as of the date hereof, each a "Manager" and collectively, the "Managers") and each of Bank of Montreal, Bank of America, N.A., Jefferies LLC, Nomura Global Financial Products, Inc., Piper Sandler & Co., Raymond James & Associates, Inc. and UBS AG London Branch, as forward purchaser (in such capacity, each a "Forward Purchaser" and together the "Forward Purchasers" and with the Managers, each, an "Agent" and collectively, the "Agents"). BTIG, LLC was originally a party to the Agreement, but on November 7, 2022, BTIG, LLC terminated the Agreement as to itself. The Amendment added BTIG, LLC, as Manager, Nomura Securities International, Inc., as forward seller (acting through BTIG, LLC as agent) to Nomura Global Financial Products, Inc., its relevant Forward Purchaser, and Nomura Global Financial Products, Inc., as Forward Purchaser. Pursuant to the terms of the Agreement, the Company is permitted to offer and sell from time to time its common shares of beneficial interest, no par value per share (the "Shares"), through or to the Agents, or, if applicable, Forward Purchasers. The Company previously registered under a Registration Statement on Form S-3 (File No. 333-248572) (the "Prior Registration Statement") the offer and sale of Shares having an aggregate offering price of up to $250,000,000 pursuant to the Agreement. The C
01 Financial Statements and Exhibits
ITEM 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 1.1 Amendment No. 1, dated May 9, 2024, to Equity Distribution Agreement dated September 10, 2021 between the Company and BMO Capital Markets Corp., BTIG, LLC, Jefferies LLC, Raymond James & Associates, Inc., BofA Securities, Inc., UBS Securities LLC, Piper Sandler & Co., and certain of their affiliates and agents 5.1 Opinion of Taft Stettinius & Hollister LLP 23.1 Consent of Taft Stettinius & Hollister LLP (contained in Exhibit 5.1) 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL Document. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Centerspace By /s/ Anne Olson Anne Olson Date: May 9, 2024 President and Chief Executive Officer