Investors Real Estate Trust (IRET), now known as Centerspace (NYSE: CSR), is a real estate investment trust (REIT) founded in 1970 and headquartered in Minot, North Dakota. The company focuses on the ownership, management, acquisition, and development of apartment communities in the Midwestern United States. IRET primarily operates in Minnesota, North Dakota, and other select Midwestern markets. The company underwent a strategic transformation in the mid-2010s, shifting its portfolio focus from a diversified mix of commercial properties to concentrate exclusively on multifamily residential properties. In 2020, IRET rebranded to Centerspace to reflect its evolution and renewed strategic direction. As a publicly-traded REIT, Centerspace owns and operates a portfolio of apartment communities, providing housing solutions across various price points and demographics. The company’s properties typically include modern amenities and are located in growing markets with strong employment fundamentals. The organization maintains a commitment to sustainable practices and community development, implementing various environmental and social initiatives across its property portfolio. Centerspace operates under the Internal Revenue Code’s REIT provisions, requiring it to distribute at least 90% of its taxable income to shareholders annually in the form of dividends.