05:15 PM EDT, 10/02/2024 (MT Newswires) -- Centerspace ( CSR ) said Wednesday it closed the acquisition of The Lydian in Denver, Colorado, for $54 million.

The acquisition of the apartment community was funded with $35 million of mortgage debt, the issuance of $14.5 million of operating partnership units, and cash, the company said.

Centerspace ( CSR ) also said it has completed the redemption of its 6.625% series C cumulative redeemable preferred shares.

Additionally, from January to Sept. 30, the firm said it sold about 1.59 million shares under its ATM program, for gross proceeds of about $113.7 million.