Centerspace Completes Sale Of St. Cloud Portfolio For $124M, Exits Market As Part Of Strategic Repositioning
Benzinga Newsdesk 1 year ago
NewsAsset Sales
Centerspace (NYSE:CSR) announced it has completed the disposition of five communities comprising 832 homes in the St. Cloud, MN, market for an aggregate sale price of $124.0 million. This transaction marks the Company's
Centerspace (NYSE:CSR) announced it has completed the disposition of five communities comprising 832 homes in the St. Cloud, MN, market for an aggregate sale price of $124.0 million. This transaction marks the Company's exit from the St. Cloud market, while the Company's planned disposition of seven communities in Minneapolis remains on track with an expected closing in Q4 2025.
These sales are part of the larger portfolio repositioning that the Company outlined in June 2025. Proceeds will be used to decrease leverage and for general corporate purposes.