Case Study: Centerspace achieves a growth-oriented geographic strategy with RCLCO

Centerspace expands into high-growth Central U.S. markets with RCLCO

Centerspace, a multifamily REIT formerly known as IRET, faced the challenge of pivoting from a mixed-asset portfolio to a focused multifamily strategy. The company retained real estate consulting firm RCLCO to develop a long-range strategic plan and evaluate its geographic concentration in the upper Midwest.

RCLCO assessed various geographic footprints and investor appetite to identify the best growth opportunities. This analysis led Centerspace to commit to a new strategy for the Central U.S. Following RCLCO's guidance, the company disposed of non-aligned properties in secondary markets and expanded aggressively into high-growth regions like Denver.

Centerspace