Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Sales of Securities
On February 28, 2026, we issued an aggregate of 5,073 unregistered common shares, to limited partners of Centerspace, LP upon exercise of their Exchange Rights for an equal number of Units. All such issuances of our common shares were exempt from registration as private placements under Section 4(a)(2) of the Securities Act. We have registered the resale of such common shares under the Securities Act.
Issuer Purchases of Equity Securities
Maximum Dollar
Total Number of Shares Amount of Shares That
Total Number of Average Price Purchased as Part of May Yet Be Purchased
Shares and Units Paid per Publicly Announced Under the Plans or
Period Purchased (1)
Share and Unit (2)
Plans or Programs Programs (3)
January 1 - 31, 2026
— $ — — $ 96,545,554
February 1 - 28, 2026
— — — 96,545,554
March 1 - 31, 2026
— — — 96,545,554
Total — $ — —
(1) Includes Units and Series D preferred units redeemed for cash pursuant to the exercise of exchange rights.
(2) Amount is based on market prices and includes commissions paid.
(3) Effective July 31, 2025, the board authorized a $100.0 million share repurchase program which expires on July 31, 2026.
Item 3. Defaults Upon Senior Securities
None
Item 4. Mine Safety Disclosures
Not Applicable
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