Real Estate & Construction October 13, 2023 6:25:14 am

North Dakota REIT buys Lake Vista Apartments in Centerra

LOVELAND — Centerspace LP (NYSE: CSR) has purchased Lake Vista Apartment Homes, a 303-home apartment community in Centerra.

Centerspace, which had been headquartered in Minot, North Dakota, said in a press statement that the transaction marks the company’s move into the Colorado market and an exit from Minot, although the Colorado Secretary of State and the U.S. Securities and Exchange Commission both list Minot as the company’s headquarters.

Centerspace is a real estate investment trust company, or REIT.

The Lake Vista purchase, which closed Wednesday, was listed by the buyer as a $94.5 million investment, which included the…

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Ken Amundson

Ken Amundson retired from his position as managing editor of BizWest in May 2024 but has come back on a limited basis to report business news in Northern Colorado and the Boulder Valley. He has lived in Loveland and reported on issues in the region since 1987. Prior to Colorado, he reported and edited for news organizations in Minnesota and Iowa. He's a parent of two and grandparent of four, all of whom make their homes north of Denver. A news junkie at heart, he also enjoys competitive sports, especially the Rapids.