EQUITY AND MEZZANINE EQUITY (Tables)

6 Months Ended

Jun. 30, 2022

Equity [Abstract]

Schedule of Conversions of Stock

Centerspace redeemed Units in exchange for common shares in connection with Unitholders exercising their exchange rights during the three and six months ended June 30, 2022 and 2021 as detailed in the table below.

	(in thousands)
Three Months Ended June 30,	Number of Units	Net Book Basis
2022	1	$	(13)
2021	69	$	639
Six Months Ended June 30,
2022	11	$	375
2021	95	$	418

Pursuant to the exercise of exchange rights, the Company redeemed Units for cash during the three and six months ended June 30, 2022 and 2021 as detailed in the table below.

	(in thousands, except per Unit data)
Three Months Ended June 30,	Number of Units	Aggregate Cost		Average Price Per Unit
2022	4	$	327	$	92.03
Six Months Ended June 30,
2022	35	$	3,230	$	93.03

Schedule of Sale of Common Shares

The table below provides details on the sale of common shares during the three and six months ended June 30, 2022 and 2021 under both the 2019 and 2021 ATM Programs. As of June 30, 2022, common shares having an aggregate offering price of up to $126.6 million remained available under the 2021 ATM Program.

	(in thousands, except per share amounts)
Three Months Ended June 30,	Number of Common Shares	Net Consideration(1)		Average Net Price Per Share
2022	—	$	—	$	—
2021	731	$	54,636	$	74.64
Six Months Ended June 30,
2022	321	$	31,732	$	98.89
2021	896	$	66,495	$	74.19

(1)Total consideration is net of $338 in commissions and issuance costs during the six months ended June 30, 2022 and $528 and $709 for the three and six months ended June 30, 2021, respectively.