Centerspace (NYSE:CSR) Q1 2024 Earnings Call Transcript

Buck Horne: Awesome. And any differences between kind of the suburban assets versus downtown Denver?

Grant Campbell: Yes. I think certain pockets of downtown or the urban environment, are feeling maybe more concessionary pressures, you have had more construction activity when you think of just the size of geography in that downtown area. Suburban Denver certainly has had new construction. There are highly desirable micro markets where people have been building and we’ll continue to desire to build. But the spread of that over a larger geography is leading to, in our opinion, on a relative basis, less concessionary pressure in the suburban environment.

Buck Horne: Got it. All right. Thanks guys. Good luck.

Operator: We currently have no further questions. I will hand back over to Anne Olson for final remarks.

Anne Olson: Thanks, everyone, for joining us this morning, and we look forward to seeing many of you at the upcoming BTIG, BMO and G&E real estate conferences. And if we don’t catch you there, we’ll see you at NAREIT in June.

Operator: This concludes today’s call. Thank you for joining. You may now disconnect your lines.