Centerspace operates as real estate investment trust, which engages in the ownership, management, acquisition, redevelopment, and development of apartment communities. The company is headquartered in Minot, North Dakota and currently employs 421 full-time employees. The firm is focused on the ownership, management, acquisition, development, and redevelopment of apartment communities. The firm owns approximately 84 apartment communities, containing 15,065 homes. The firm conducts its daily business operations primarily through its operating partnership, Centerspace, LP, (the Operating Partnership). The company owns properties in Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota. Its properties include Lyra Apartments, Lugano At Cherry Creek, Civic Lofts, Westend, Dylan At RiNo, Parkhouse Apartment Homes, Union Pointe, The Donovan Apartment Homes, Thomasbrook Apartments, Lakeside Village Apartment Homes, Cimarron Hills Apartments, Greenfield and others.