Centerspace announces minneapolis investment activity

Minneapolis, jan. 27, 2022 /prnewswire/ -- centerspace (nyse: csr) announced today that is has acquired noko apartments in minneapolis, minnesota for an aggregate purchase price of $46.4 million. centerspace previously financed noko through its preferred financing program with $29.9 million of a construction loan bearing interest at 4.5% and $13.5 million of a mezzanine loan bearing interest at 11.5%.
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