Silvercrest Asset Management Group LLC and related entities filed an amended Schedule 13G reporting their ownership in Centerspace. They report beneficial ownership of 645,477 common shares of beneficial interest, representing 3.86% of the class as of December 31, 2025.
The filing shows Silvercrest has no sole voting or dispositive power, but shares voting and dispositive power over all 645,477 shares. The reporting persons certify the position is held in the ordinary course of business and not for the purpose of changing or influencing control of Centerspace.
Positive
None.
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FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stake in Centerspace (CSR) does Silvercrest report on this Schedule 13G/A?
Silvercrest and related entities report beneficial ownership of 645,477 Centerspace common shares of beneficial interest, equal to 3.86% of the outstanding class as of December 31, 2025. This stake is disclosed across all three reporting entities in the filing.
Which entities are the reporting persons in the Centerspace (CSR) Schedule 13G/A?
The reporting persons are Silvercrest Asset Management Group LLC, Silvercrest L.P., and Silvercrest Asset Management Group Inc.. Each entity reports the same beneficial ownership amount and percentage, reflecting their shared voting and dispositive power over the Centerspace shares.
How much voting and dispositive power does Silvercrest have over Centerspace (CSR) shares?
The filing shows Silvercrest entities have no sole voting or dispositive power, but shared voting and dispositive power over 645,477 Centerspace shares. This means decisions on voting and disposition are made jointly, not individually, by the reporting persons.
Does Silvercrest seek to influence control of Centerspace (CSR) with this ownership?
No. The certification states the Centerspace securities were acquired and are held in the ordinary course of business, not to change or influence control of the issuer, and not in connection with any control-related transaction, aside from activities tied to a nomination under Rule 14a-11.
Why does the Centerspace (CSR) filing mention ownership of 5 percent or less of a class?
Item 5 notes ownership of 5 percent or less of the class, consistent with the reported 3.86% stake. This indicates the Silvercrest entities are below the 5% threshold often associated with larger, potentially more influential holdings in a public company’s equity.
Where are Silvercrest and Centerspace based according to this Schedule 13G/A?
Centerspace’s principal executive offices are in Minot, North Dakota. Silvercrest’s principal business office is at 1330 Avenue of the Americas, 38th Floor, New York, New York. The reporting entities are organized in New York and Delaware, respectively, as specified in the filing.
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)
12/31/2025
(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)
SCHEDULE 13G
CUSIP No.
15202L107
1
Names of Reporting Persons
Silvercrest Asset Management Group 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
NEW YORK
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
645,477.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
645,477.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
645,477.00
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)
3.86 %
12
Type of Reporting Person (See Instructions)
IA, OO
SCHEDULE 13G
CUSIP No.
15202L107
1
Names of Reporting Persons
Silvercrest L.P.
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
0.00
6
Shared Voting Power
645,477.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
645,477.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
645,477.00
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)
3.86 %
12
Type of Reporting Person (See Instructions)
HC, PN
SCHEDULE 13G
CUSIP No.
15202L107
1
Names of Reporting Persons
Silvercrest Asset Management Group Inc.
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
0.00
6
Shared Voting Power
645,477.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
645,477.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
645,477.00
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)
3.86 %
12
Type of Reporting Person (See Instructions)
HC, CO
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Centerspace
(b)
Address of issuer's principal executive offices:
1324 20th Avenue SW, PO Box 1988, Minot, ND 58701
Item 2.
(a)
Name of person filing:
Silvercrest Asset Management Group LLC
Silvercrest L.P.
Silvercrest Asset Management Group Inc.
(b)
Address or principal business office or, if none, residence:
1330 Avenue of the Americas, 38th Floor, New York NY 10019
(c)
Citizenship:
Silvercrest Asset Management Group LLC - New York, United States of America; Silvercrest L.P. - Delaware, United States of America; Silvercrest Asset Management Group Inc. - Delaware, United States of America
(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:
Silvercrest Asset Management Group LLC - 645,477 shares
Silvercrest L.P. - 645,477 shares
Silvercrest Asset Management Group Inc. - 645,477 shares
(b)
Percent of class:
Silvercrest Asset Management Group LLC - 3.86%
Silvercrest L.P. - 3.86%
Silvercrest Asset Management Group Inc. - 3.86%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Silvercrest Asset Management Group LLC - 0 shares
Silvercrest L.P. - 0 shares
Silvercrest Asset Management Group Inc. - 0 shares
(ii) Shared power to vote or to direct the vote:
Silvercrest Asset Management Group LLC - 645,477 shares
Silvercrest L.P. - 645,477 shares
Silvercrest Asset Management Group Inc. - 645,477 shares
(iii) Sole power to dispose or to direct the disposition of:
Silvercrest Asset Management Group LLC - 0 shares
Silvercrest L.P. - 0 shares
Silvercrest Asset Management Group Inc. - 0 shares
(iv) Shared power to dispose or to direct the disposition of:
Silvercrest Asset Management Group LLC - 645,477 shares
Silvercrest L.P. - 645,477 shares
Silvercrest Asset Management Group Inc. - 645,477 shares
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
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.
Not Applicable
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 acquired and are held in the ordinary course of business and 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.
Silvercrest Asset Management Group LLC
Signature:
/s/ David J. Campbell
Name/Title:
David J. Campbell, General Counsel
Date:
02/17/2026
Silvercrest L.P.
Signature:
/s/ David J. Campbell
Name/Title:
David J. Campbell, Secretary
Date:
02/17/2026
Silvercrest Asset Management Group Inc.
Signature:
/s/ David J. Campbell
Name/Title:
David J. Campbell, General Counsel
Date:
02/17/2026
Exhibit Information
1. Joint Filing Agreement, dated February 14, 2025, among the Reporting Persons, incorporated by reference to Exhibit 1 to the Schedule 13G filed by the Reporting Persons on February 14, 2025.
