CENTERSPACE beneficial ownership filing (Schedule 13G) discloses that affiliated Voss entities and Travis W. Cocke together report beneficial ownership of 846,246 shares of Common Shares of Beneficial Interest, representing 5.04% of the outstanding shares. The percentage is calculated using 16,774,337 shares outstanding as of February 10, 2026, per the issuer's cited annual report. Individual holdings shown include 150,000 shares for Voss Value Master Fund and 25,000 shares for Voss Value‑Oriented Special Situations Fund; Voss GP is shown as having voting/dispositive power over 175,000 shares. The filing is signed by Travis W. Cocke on April 1, 2026.
Positive
None.
Negative
None.
Insights
Disclosure shows a passive, sub‑10% institutional stake held via fund and managed accounts.
The filing lists Voss Value Master Fund, Voss Value‑Oriented Special Situations Fund, Voss Advisors GP, Voss Capital, and Travis W. Cocke as reporting persons, with aggregate beneficial ownership of 846,246 shares (5.04%). The percentage is tied to 16,774,337 shares outstanding as of February 10, 2026.
Because the stake is under typical 10% activist thresholds and presented via a Schedule 13G, this appears to be an institutional passive reporting position. Future filings would show any shift to active status if voting or disposition intentions change.
Key Figures
Voss aggregate shares reported:846,246 sharesVoss Value Master Fund:150,000 sharesVoss Value‑Oriented Special Situations Fund:25,000 shares+3 more
6 metrics
Voss aggregate shares reported846,246 sharesAggregate beneficial ownership reported for Voss entities and Travis W. Cocke
Voss Value Master Fund150,000 sharesShares beneficially owned by Voss Value Master Fund
Voss Value‑Oriented Special Situations Fund25,000 sharesShares beneficially owned by Voss Value‑Oriented Special Situations Fund
Voss GP voting power shown175,000 sharesSole voting/dispositive power reported for Voss GP
Shares outstanding (used)16,774,337 sharesShares outstanding as of <date>February 10, 2026</date> (basis for percentages)
Ownership percentage<percent>5.04%</percent>Percentage of outstanding shares attributed to Voss Capital / Travis W. Cocke
Key Terms
Beneficially owned, Sole Voting Power, Schedule 13G, Joint Filing Agreement
4 terms
Beneficially ownedregulatory
"As of the date hereof: (i) Voss Value Master Fund beneficially owned 150,000 Ordinary Shares"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Sole Voting Powerregulatory
"Sole Voting Power 150,000.00"
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.
Schedule 13Gregulatory
"Item 1. | (a) | Name of issuer: CENTERSPACE"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
Joint Filing Agreementregulatory
"Exhibit Information 99.1 - Joint Filing Agreement"
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
CENTERSPACE
(Name of Issuer)
Common Shares of Beneficial Interest
(Title of Class of Securities)
15202L107
(CUSIP Number)
03/25/2026
(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
150,000.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
150,000.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
150,000.00
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)
0.9 %
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
25,000.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
25,000.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
25,000.00
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)
0.2 %
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
175,000.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
175,000.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
175,000.00
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)
1.0 %
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
701,246.00
6
Shared Voting Power
145,000.00
7
Sole Dispositive Power
701,246.00
8
Shared Dispositive Power
145,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
846,246.00
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)
5.0 %
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
701,246.00
6
Shared Voting Power
145,000.00
7
Sole Dispositive Power
701,246.00
8
Shared Dispositive Power
145,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
846,246.00
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)
5.0 %
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:
Voss Value Master Fund, L.P. ("Voss Value Master Fund");
Voss Value-Oriented Special Situations Fund, L.P. ("Voss Value-Oriented Special Situations Fund");
Voss Advisors GP, LLC ("Voss GP");
Voss Capital, L.P. ("Voss Capital"); and
Travis W. Cocke
(b)
Address or principal business office or, if none, residence:
Voss Value Master Fund
3773 Richmond, Suite 500
Houston, Texas 77046
Voss Value-Oriented Special Situations Fund
3773 Richmond, Suite 500
Houston, Texas 77046
Voss GP
3773 Richmond, Suite 500
Houston, Texas 77046
Voss Capital
3773 Richmond, Suite 500
Houston, Texas 77046
Travis W. Cocke
3773 Richmond, Suite 500
Houston, Texas 77046
(c)
Citizenship:
Voss Value Master Fund
Cayman Islands
Voss Value-Oriented Special Situations Fund
Delaware
Voss GP
Texas
Voss Capital
Texas
Travis W. Cocke
USA
(d)
Title of class of securities:
Common Shares of Beneficial Interest
(e)
CUSIP Number(s):
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:
(i) Voss Value Master Fund beneficially owned 150,000 Ordinary Shares of the Issuer (the "Shares").
(ii) Voss Value-Oriented Special Situations Fund beneficially owned 25,000 Shares.
(iii) 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) 150,000 Shares beneficially owned by Voss Value Master Fund and (ii) 25,000 Shares beneficially owned by Voss Value-Oriented Special Situations Fund.
(iv) Voss Capital, as the investment manager of Voss Value Master Fund, 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) 150,000 Shares beneficially owned by Voss Value Master Fund, (ii) 25,000 Shares beneficially owned by Voss Value-Oriented Special Situations Fund and (iii) 671,246 Shares held in the Voss Managed Accounts.
(v) Mr. Cocke, as the managing member of each of Voss Capital and Voss GP, may be deemed the beneficial owner of the (i) 150,000 Shares owned by Voss Value Master Fund, (ii) 25,000 Shares beneficially owned by Voss Value-Oriented Special Situations Fund and (iii) 671,246 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 16,774,337 Shares outstanding as of February 10, 2026, which is the total number of Shares outstanding as disclosed in the Issuer's Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 17, 2026.
As of the date hereof:
(i) Voss Value Master Fund may be deemed to beneficially own approximately 0.89% of the outstanding Shares;
(ii) Voss Value-Oriented Special Situations Fund may be deemed to beneficially own approximately 0.15% of the outstanding Shares;
(iii) Voss GP may be deemed to beneficially own approximately 1.04% of the outstanding Shares;
(iv) Voss Capital may be deemed to beneficially own approximately 5.04% of the outstanding Shares (approximately 4.00% of the outstanding Shares are held in the Voss Managed Accounts); and
(v) Mr. Cocke may be deemed to beneficially own approximately 5.04% 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)(K), so indicate under Item 3(k) 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
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:
04/01/2026
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
What percentage of CENTERSPACE (CSR) does Voss Capital report owning?
Voss Capital reports beneficial ownership of 846,246 shares, equal to 5.04% of outstanding shares. This percentage uses 16,774,337 shares outstanding as of February 10, 2026, per the cited annual report.
Which Voss entities hold shares in CENTERSPACE (CSR)?
The filing lists Voss Value Master Fund, Voss Value‑Oriented Special Situations Fund, Voss Advisors GP, Voss Capital, and Travis W. Cocke. Reported individual amounts include 150,000 and 25,000 shares for two funds.
How many CENTERSPACE shares are outstanding per this filing?
The filing cites 16,774,337 shares outstanding as of February 10, 2026. That figure is used to compute reported ownership percentages for the Voss reporting persons.
Does this Schedule 13G indicate an activist intent by Voss?
No. The Schedule 13G structure and reported stake of 5.04% indicate a passive institutional reporting position rather than an active/hostile intent. The filing does not state any plans to influence management.
Who signed the Schedule 13G for the Voss group?
The filing is signed by Travis W. Cocke in multiple capacities, dated April 1, 2026, including as Managing Member of Voss Advisors GP and as an individual reporting person.
