04:42 PM EDT, 09/23/2025 (MT Newswires) -- Centerspace ( CSR ) said late Tuesday it closed the sale of five communities comprising 832 homes in St. Cloud, Minnesota, for $124 million.

Proceeds will be used to reduce leverage and for general corporate purposes, the company said.

The sale marks Centerspace's ( CSR ) exit from the St. Cloud market. The company's planned sale of seven communities in Minneapolis is expected to close in Q4, according to a statement.