<a href="https://laohu8.com/S/CSR">Centerspace</a> Sells Five St. Cloud Communities for $124 Million as Part of Strategic Portfolio Repositioning
MINNEAPOLIS, MN, September 23, 2025 - Centerspace (NYSE: CSR) has announced the successful sale of five communities in St. Cloud, Minnesota, totaling 832 homes, for $124 million. This transaction signifies the company's strategic exit from the St. Cloud market and aligns with its broader portfolio repositioning plan revealed in June 2025. The proceeds from this sale will be utilized to reduce leverage and support general corporate purposes. Centerspace is also planning to sell seven communities in Minneapolis, with the transaction expected to close in Q4 2025. The company's CEO, Anne Olson, emphasized the focus on enhancing portfolio quality and creating shareholder value through various strategic options including accelerated deleveraging and potential share buybacks. CBRE served as the broker for the St. Cloud sale.
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