Centerspace, a Midwest-focused apartment REIT, is trading at a discount compared to its peers. The company has strong near-term AFFO/share growth prospects that are not yet priced in. Its acquisition strategy, including the use of OP units, allows for accretive purchases in growth markets, enhancing long-term performance. Centerspace's significant presence in stable rental markets like Minneapolis and Denver contributes to its outperformance in same-store NOI growth.