MINNEAPOLIS, May 24, 2021 /PRNewswire/ -- Centerspace
(NYSE: CSR) published its 2020 Environmental, Social, and
Governance (ESG) Report, highlighting the company's commitment to
sustainable business practices in the multifamily industry. This is
the company's second annual report following its 2019 formation of
an Environmental, Social, and Governance Committee established to
lead the charge in identifying, implementing, and tracking the
progress on various sustainability initiatives.
Centerspace is committed to exploring and implementing
common-sense business practices that further its ability to operate
in an environmentally responsible manner. This includes being good
stewards of resources, pursuing opportunities to minimize
consumption, managing and reducing waste, and conserving energy and
water.
The report coincides with the company's completion of its first
ESG materiality assessment aimed at identifying topics and concerns
that were most important to stakeholders and most impactful to
business operations. Assessments, team member interviews, and peer
reporting helped shape the company's three-year ESG roadmap.
It is Centerspace's mission to provide great homes for our
residents, team, and investors. These values guide the company to
operate in an environmentally friendly manner, demonstrating strong
corporate governance with an emphasis on doing the right thing.
From its commitment to diversity, equity, and inclusion to its
focus on health and wellness of its team members and residents
in the midst of the COVID-19 pandemic, this report highlights how
Centerspace has incorporated ESG initiatives into its business.
"Our 2020 ESG efforts demonstrate our strong commitment to
environmental, social, and governance practices; ESG is important
to our residents, team and the investment community so this will
remain an area of focus. Our work this year provided a great
framework to measure and maintain accountability," stated
Mark O. Decker, Jr., President and
CEO of Centerspace.
The full report can be accessed on the Centerspace website
at:
https://ir.centerspacehomes.com/corporate-overview/corporate-governance/default.aspx
Leasing Activity
April 2021 continued to
demonstrate strong leasing activity across the portfolio moving
into leasing season as shown by the lease over lease rent growth
presented below.
|
April 2021
|
March 2021
|
First Quarter
2021
|
Renewal
Leases
|
4.4%
|
4.1%
|
4.0%
|
New Leases
|
8.2%
|
4.1%
|
0.7%
|
Blended
Leases
|
6.1%
|
4.1%
|
2.0%
|
About Centerspace
Centerspace is an owner and operator of apartment communities
committed to providing great homes by focusing on integrity and
serving others. Founded in 1970, the company currently owns 68
apartment communities consisting of 12,166 homes located in
Colorado, Minnesota, Montana, Nebraska, North
Dakota, and South Dakota.
Centerspace was named a Top Workplace for 2020 by the
Minneapolis Star Tribune. For more information, please visit
www.centerspacehomes.com.
If you would like more information about this topic, please
contact Emily Miller, Investor
Relations, at (701) 837-7104 or IR@centerspacehomes.com.
Contact Information
Emily
Miller, Investor Relations
Phone : (701) 837-7104
E-mail : IR@centerspacehomes.com
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SOURCE Centerspace