Centerspace (NYSE: CSR) investor group reports 7.7% beneficial ownership

Rhea-AI Filing Summary

Voss Capital and affiliated funds report a significant shareholding in Centerspace. The group, including Voss Value Master Fund, Voss Value-Oriented Special Situations Fund, Voss Advisors GP, Voss Capital, and Travis W. Cocke, reports beneficial ownership of 1,295,000 Common Shares of Beneficial Interest of Centerspace.

Based on 16,803,149 Shares outstanding as of April 27, 2026, Voss Capital and Mr. Cocke each may be deemed to beneficially own approximately 7.7% of Centerspace’s Shares, including about 6.5% held in Voss Managed Accounts. Voss Value Master Fund holds 190,000 Shares, including 15,000 Shares underlying currently exercisable call options, and Voss Value-Oriented Special Situations Fund holds 20,000 Shares.

Key Figures

Shares outstanding: 16,803,149 Shares Voss Capital beneficial ownership: 1,295,000 Shares Voss Capital ownership percentage: 7.7% of outstanding Shares +4 more

7 metrics

Shares outstanding 16,803,149 Shares Centerspace Shares outstanding as of April 27, 2026 used for ownership percentages

Voss Capital beneficial ownership 1,295,000 Shares Total Centerspace Shares Voss Capital may be deemed to beneficially own

Voss Capital ownership percentage 7.7% of outstanding Shares Approximate portion of Centerspace Shares attributed to Voss Capital

Voss Managed Accounts holdings 1,085,000 Shares Centerspace Shares held in Voss Managed Accounts, about 6.5% of outstanding Shares

Voss Value Master Fund holdings 190,000 Shares Includes 15,000 Shares underlying currently exercisable call options

Voss Value-Oriented Fund holdings 20,000 Shares Centerspace Shares beneficially owned by Voss Value-Oriented Special Situations Fund

Call options underlying Shares 15,000 Shares Shares underlying call options held by Voss Value Master Fund that are currently exercisable

Key Terms

beneficial owner, Common Shares of Beneficial Interest, call options, Sole Voting Power, +1 more

5 terms

beneficial owner regulatory

"may be deemed the beneficial owner of the (i) 190,000 Shares"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

Common Shares of Beneficial Interest financial

"Title of class of securities: Common Shares of Beneficial Interest"

Common Shares of Beneficial Interest are units that represent ownership in a company or organization, like owning a piece of a pie. They give investors voting rights and a chance to share in profits, making them important for those looking to invest and have a say in how the organization is run.

call options financial

"including 15,000 Shares underlying certain call options which are currently exercisable"

A call option is a contract that gives its buyer the right, but not the obligation, to buy a specific number of shares at a predetermined price within a set time. Think of it like a refundable reservation to purchase a stock later at today’s agreed price: investors use calls to profit from expected price rises with smaller upfront cost than buying the stock outright, or to hedge and manage exposure, while the most they can lose is the amount paid for the contract.

Sole Voting Power financial

"5 | Sole Voting Power 1,110,000.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

Voss Managed Accounts financial

"1,085,000 Shares held in the Voss Managed Accounts"

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Available on EDGAR 07/14/2026 - 06:39 PM Accepted by SEC EDGAR 07/14/2026 - 06:39 PM Learn about SEC filing dates

FAQ

What percentage of Centerspace (CSR) does Voss Capital report owning?

Voss Capital may be deemed to beneficially own about 7.7% of Centerspace’s outstanding Shares. This reflects 1,295,000 Shares, including holdings of Voss Value Master Fund, Voss Value-Oriented Special Situations Fund, and 1,085,000 Shares in Voss Managed Accounts.

How many Centerspace (CSR) shares are outstanding for the ownership calculations?

Ownership percentages are calculated using 16,803,149 Shares outstanding. This outstanding Shares figure comes from Centerspace’s Form 10-Q, which stated 16,803,149 Common Shares of Beneficial Interest outstanding as of April 27, 2026.

How many Centerspace (CSR) shares are held in Voss Managed Accounts?

Voss Capital reports that the Voss Managed Accounts hold 1,085,000 Shares of Centerspace. These Shares represent approximately 6.5% of the company’s outstanding Shares, based on the 16,803,149 total Shares outstanding used in the ownership calculation.

What Centerspace (CSR) position does Voss Value Master Fund report?

Voss Value Master Fund beneficially owns 190,000 Shares of Centerspace. This total includes 15,000 Shares underlying certain call options that are currently exercisable, contributing to approximately 1.1% of Centerspace’s outstanding Shares.

Which entities are included in the Voss reporting group for Centerspace (CSR)?

The reporting group consists of Voss Value Master Fund, Voss Value-Oriented Special Situations Fund, Voss Advisors GP, Voss Capital, and Travis W. Cocke. They collectively report beneficial ownership and related voting and dispositive powers over Centerspace Shares.

What derivative exposure to Centerspace (CSR) does Voss Value Master Fund disclose?

Voss Value Master Fund’s position includes 15,000 Shares underlying certain call options that are currently exercisable. These option-linked Shares form part of its total 190,000 beneficially owned Shares reported in the Centerspace ownership disclosure.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

CENTERSPACE

(Name of Issuer)

Common Shares of Beneficial Interest

(Title of Class of Securities)

15202L107

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 15202L107

1

Names of Reporting Persons

Voss Value Master Fund, LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 190,000.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 190,000.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

190,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.1 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP Number(s): 15202L107

1

Names of Reporting Persons

Voss Value-Oriented Special Situations Fund, LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 20,000.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 20,000.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

20,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.1 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP Number(s): 15202L107

1

Names of Reporting Persons

Voss Advisors GP, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

TEXAS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 210,000.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 210,000.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

210,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.2 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP Number(s): 15202L107

1

Names of Reporting Persons

Voss Capital, LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

TEXAS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,110,000.00
6	Shared Voting Power 185,000.00
7	Sole Dispositive Power 1,110,000.00
8	Shared Dispositive Power 185,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,295,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.7 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP Number(s): 15202L107

1

Names of Reporting Persons

Cocke Travis W.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,110,000.00
6	Shared Voting Power 185,000.00
7	Sole Dispositive Power 1,110,000.00
8	Shared Dispositive Power 185,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,295,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.7 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: CENTERSPACE
(b)	Address of issuer's principal executive offices: 1324 20TH AVE SW, PO BOX 1988, MINOT, NORTH DAKOTA, 58701
Item 2.
(a)	Name of person filing: The names of the persons filing this statement on Schedule 13G (collectively, the "Reporting Persons") are: 1. Voss Value Master Fund, L.P. ("Voss Value Master Fund"); 2. Voss Value-Oriented Special Situations Fund, L.P. ("Voss Value-Oriented Special Situations Fund"); 3. Voss Advisors GP, LLC ("Voss GP"); 4. Voss Capital, L.P. ("Voss Capital"); and 5. Travis W. Cocke.
(b)	Address or principal business office or, if none, residence: a) Voss Value Master Fund: 3773 Richmond, Suite 500 Houston, Texas 77046 b) Voss Value-Oriented Special Situations Fund: 3773 Richmond, Suite 500 Houston, Texas 77046 c) Voss GP: 3773 Richmond, Suite 500 Houston, Texas 77046 d) Voss Capital: 3773 Richmond, Suite 500 Houston, Texas 77046 e) Travis W. Cocke: 3773 Richmond, Suite 500 Houston, Texas 77046
(c)	Citizenship: a) Voss Value Master Fund: Cayman Islands b) Voss Value-Oriented Special Situations Fund: Delaware c) Voss GP: Texas d) Voss Capital: Texas e) Travis W. Cocke: USA
(d)	Title of class of securities: Common Shares of Beneficial Interest
(e)	CUSIP No.: 15202L107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: As of the date hereof: a) Voss Value Master Fund beneficially owned 190,000 Ordinary Shares of the Issuer (the "Shares"), including 15,000 Shares underlying certain call options which are currently exercisable. b) Voss Value-Oriented Special Situations Fund beneficially owned 20,000 Shares. c) Voss GP, as the general partner of Voss Value Master Fund and Voss Value-Oriented Special Situations Fund, may be deemed the beneficial owner of the (i) 190,000 Shares beneficially owned by Voss Value Master Fund, including 15,000 Shares underlying certain call options which are currently exercisable, and (ii) 20,000 Shares beneficially owned by Voss Value-Oriented Special Situations Fund. d) Voss Capital, as the investment manager of Voss Value Master Fund, including 15,000 Shares underlying certain call options which are currently exercisable, Voss Value-Oriented Special Situations Fund and certain accounts managed by Voss Capital (the "Voss Managed Accounts"), may be deemed the beneficial owner of the (i) 190,000 Shares beneficially owned by Voss Value Master Fund, (ii) 20,000 Shares beneficially owned by Voss Value-Oriented Special Situations Fund and (iii) 1,085,000 Shares held in the Voss Managed Accounts. e) Mr. Cocke, as the managing member of each of Voss Capital and Voss GP, may be deemed the beneficial owner of the (i) 190,000 Shares owned by Voss Value Master Fund, including 15,000 Shares underlying certain call options which are currently exercisable, (ii) 20,000 Shares beneficially owned by Voss Value-Oriented Special Situations Fund and (iii) 1,085,000 Shares held in the Voss Managed Accounts.
(b)	Percent of class: The aggregate percentage of the Shares reported owned by each person named herein is based upon 16,803,149 Shares outstanding as of April 27, 2026, which is the total number of Shares outstanding as disclosed in the Issuer's Form 10Q filed with the Securities and Exchange Commission on May 4, 2026. As of the date hereof: (i) Voss Value Master Fund may be deemed to beneficially own approximately 1.1% of the outstanding Shares; (ii) Voss Value-Oriented Special Situations Fund may be deemed to beneficially own approximately 0.1% of the outstanding Shares; (iii) Voss GP may be deemed to beneficially own approximately 1.2% of the outstanding Shares; (iv) Voss Capital may be deemed to beneficially own approximately 7.7% of the outstanding Shares (approximately 6.5% of the outstanding Shares are held in the Voss Managed Accounts); and (v) Mr. Cocke may be deemed to beneficially own approximately 7.7% of the outstanding Shares.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See Cover Pages Items 5-9.
	(ii) Shared power to vote or to direct the vote: See Cover Pages Items 5-9.
	(iii) Sole power to dispose or to direct the disposition of: See Cover Pages Items 5-9.
	(iv) Shared power to dispose or to direct the disposition of: See Cover Pages Items 5-9.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. See Exhibit 99.1 to the Schedule 13G filed with the Securities and Exchange Commission on April 01, 2026.
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Voss Value Master Fund, LP

Signature:	/s/ Travis W. Cocke
Name/Title:	Travis W. Cocke, Managing Member of Voss Advisors GP, LLC, its General Partner
Date:	07/14/2026

Voss Value-Oriented Special Situations Fund, LP

Signature:	/s/ Travis W. Cocke
Name/Title:	Travis W. Cocke, Managing Member of Voss Advisors GP, LLC, its General Partner
Date:	07/14/2026

Voss Advisors GP, LLC

Signature:	/s/ Travis W. Cocke
Name/Title:	Travis W. Cocke, Managing Member
Date:	07/14/2026

Voss Capital, LP

Signature:	/s/ Travis W. Cocke
Name/Title:	Travis W. Cocke, Managing Member
Date:	07/14/2026

Cocke Travis W.

Signature:	/s/ Travis W. Cocke
Name/Title:	Travis W. Cocke
Date:	07/14/2026