CENTERSPACE COMPLETES SALE OF FIVE ST. CLOUD COMMUNITIES FOR $124.0 MILLION
Centerspace (NYSE: CSR) has completed the sale of five communities in St. Cloud, MN for $124.0 million, comprising 832 homes. This transaction marks CSR's complete exit from the St. Cloud market, while a planned disposition of seven Minneapolis communities is expected to close in Q4 2025.
The sale is part of a broader portfolio repositioning strategy announced in June 2025. The proceeds will be used for debt reduction and general corporate purposes. CEO Anne Olson indicated that following recent acquisitions in Salt Lake City and Fort Collins, the company is considering various capital allocation options, including deleveraging, value-add investments, share buybacks, and dividends.
Centerspace (NYSE: CSR) ha completato la vendita di cinque comunità a St. Cloud, MN per 124,0 milioni di dollari, che comprendono 832 alloggi. Questa operazione segna l’uscita completa di CSR dal mercato di St. Cloud, mentre una prevista cessione di sette comunità a Minneapolis dovrebbe chiudersi nel Q4 2025.
La vendita rientra in una strategia di riposizionamento del portafoglio annunciata a giugno 2025. Il ricavato sarà destinato a riduzione del debito e scopi aziendali generali. La CEO Anne Olson ha indicato che, a seguito delle recenti acquisizioni a Salt Lake City e Fort Collins, l’azienda sta valutando diverse opzioni di allocazione del capitale, tra cui riduzione del leverage, investimenti a valore aggiunto, riacquisto di azioni e dividendi.
Centerspace (NYSE: CSR) ha completado la venta de cinco comunidades en St. Cloud, MN por 124,0 millones de dólares, que comprenden 832 viviendas. Esta operación marca la salida total de CSR del mercado de St. Cloud, mientras se espera cerrar en el cuarto trimestre de 2025 la disposición de siete comunidades en Minneapolis.
La venta forma parte de una estrategia más amplia de reajuste de cartera anunciada en junio de 2025. Los ingresos se destinarán a la reducción de deuda y a fines corporativos generales. La directora ejecutiva Anne Olson señaló que, tras las recientes adquisiciones en Salt Lake City y Fort Collins, la compañía está considerando varias opciones de asignación de capital, incluida la reducción del apalancamiento, inversiones de valor añadido, recompra de acciones y dividendos.
Centerspace(NYSE: CSR)가 세인트클라우드, MN의 다섯 커뮤니티를 1억2400만 달러에 매각해 832가구를 포함했습니다. 이 거래로 CSR는 세인트클라우드 시장에서의 완전한退出을 달성했으며, 미니애폴리스의 일곱 커뮤니티 매각은 2025년 4분기에 마감될 것으로 예상됩니다.
매각은 2025년 6월에 발표된 더 넓은 포트폴리오 재정렬 전략의 일부입니다. 매각 대금은 부채 감소와 일반 기업 목적에 사용될 예정입니다. CEO 애나 올슨(Anne Olson)은 솔트레이크시티와 포트콜린스에서의 최근 인수 뒤에, 차입 감소, 부가가치 투자, 주식 재매입 및 배당금을 포함한 다양한 자본 배분 옵션을 고려하고 있다고 밝혔습니다.
Centerspace (NYSE: CSR) a finalisé la vente de cinq communautés à St. Cloud, MN pour 124,0 millions de dollars, regroupant 832 logements. Cette opération marque la sortie complète de CSR du marché de St. Cloud, tandis qu’une cession prévue de sept communautés à Minneapolis devrait être conclue au quatrième trimestre 2025.
La vente s’inscrit dans le cadre d’une stratégie plus large de repositionnement du portefeuille annoncée en juin 2025. Le produit de la vente sera utilisé pour réduire l’endettement et des fins générales de l’entreprise. La PDG Anne Olson a indiqué que, à la suite des récentes acquisitions à Salt Lake City et Fort Collins, la société étudie diverses options d’allocation du capital, notamment la réduction de l’endettement, des investissements à valeur ajoutée, les rachat d’actions et les dividendes.
Centerspace (NYSE: CSR) hat den Verkauf von fünf Gemeinden in St. Cloud, MN für 124,0 Millionen US-Dollar abgeschlossen, einschließlich 832 Wohnungen. Diese Transaktion markiert den vollständigen Ausstieg von CSR aus dem Markt St. Cloud, während der geplante Verkauf von sieben Minneapolis-Gemeinden voraussichtlich im vierten Quartal 2025 abgeschlossen wird.
Der Verkauf ist Teil einer breiteren Portfolioumstrukturierungsstrategie, die im Juni 2025 angekündigt wurde. Die Erlöse sollen zur Schuldentilgung und allgemeinen Unternehmenszwecken verwendet werden. CEO Anne Olson gab an, dass das Unternehmen nach den jüngsten Erwerbungen in Salt Lake City und Fort Collins verschiedene Optionen zur Kapitalallokation prüft, darunter Entschuldung, wertsteigernde Investitionen, Aktienrückkäufe und Dividenden.
Centerspace (NYSE: CSR) أكملت بيع خمس مجتمعات في سانت كلوف، مينيسوتا بمبلغ 124.0 مليون دولار، وتشمل 832 وحدة سكنية. هذه الصفقة تمثل خروج CSR الكامل من سوق سانت كلوف، بينما من المتوقع إغلاق التصرف في سبع مجتمعات في مينيابوليس في الربع الرابع من عام 2025.
البيع جزء من استراتيجية إعادة تموضع محفظة أوسع أُعلنت في يونيو 2025. ستستخدم العائدات في خفض الدين ولأغراض عامة للشركة. أشارت الرئيسة التنفيذية آن أوْلْسون إلى أنه عقب الاستحواذات الأخيرة في سالت لايك سيتي وفورت كولينز، تدرس الشركة خيارات تخصيص رأس المال بما في ذلك خفض الدين، الاستثمارات ذات القيمة المضافة، إعادة شراء الأسهم، وتوزيعات الأرباح.
Centerspace（NYSE: CSR） 已完成对 明尼苏达州圣云市五个社区的出售，金额为 1.24亿美元，包括 832 套住房。此交易标志着 CSR 完全退出圣云市场，而计划在 2025 年第 4 季闭合的 明尼阿波利斯七个社区的处置 预计将如期完成。
此次出售是 2025 年 6 月宣布的更广泛的投资组合再定位策略的一部分。出售所得将用于 减债和公司一般用途。CEO Anne Olson 表示，在最近收购盐湖城和科林斯堡之后，公司正在考虑多种资本配置选项，包括去杠杆化、增值投资、股票回购和分红。
- Strategic sale of St. Cloud portfolio for $124.0 million, demonstrating portfolio value
- Portfolio diversification through recent acquisitions in Salt Lake City and Fort Collins
- Multiple capital allocation options available including deleveraging and shareholder returns
- Additional seven Minneapolis properties disposition on track for Q4 2025
- Complete exit from St. Cloud market reduces geographic presence
- Current market conditions and share price potentially affecting future investment decisions
Insights
Centerspace's $124M St. Cloud exit strengthens portfolio quality while providing capital flexibility amid strategic repositioning.
Centerspace has completed the sale of five St. Cloud communities for
The company is also progressing with its planned disposition of seven Minneapolis communities, expected to close in Q4 2025. These strategic moves follow recent acquisitions in Salt Lake City and Fort Collins, indicating a deliberate geographical shift toward markets with potentially stronger growth fundamentals.
Management's commentary suggests a thoughtful approach to capital allocation going forward. CEO Anne Olson highlighted multiple options under consideration beyond portfolio quality improvements, including accelerated debt reduction, value-add investments in existing properties, share repurchases, and dividend distributions.
This transaction demonstrates management's execution of its previously announced strategy to optimize the portfolio composition while maintaining financial flexibility. The focus on both debt reduction and potential shareholder returns indicates a balanced approach to capital deployment in the current market environment, particularly in light of management's statement about the company's share price potentially not reflecting its intrinsic value.
Following this transaction, Centerspace's portfolio now consists of 68 apartment communities with 12,941 homes across seven states, primarily in the Mountain West and Upper Midwest regions.
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.
"Combined with our recent acquisitions in
"As we evaluate future disposition activity, management and our board will be prudently considering capital allocation in light of the current market and relative share price. Specifically, our options are not limited to investments that continue our trajectory of improved portfolio quality and growth but also may include accelerated deleveraging, value-add investments within our current portfolio, share buy backs, and dividends to investors, among other things," Ms. Olson continued. "Our goal is to create value for our shareholders and to provide information and demonstrate action so that the value of Centerspace is better recognized."
CBRE acted as broker for the
About Centerspace
Centerspace is an owner and operator of apartment communities committed to providing great homes by focusing on integrity and serving others. Founded in 1970, Centerspace owns 68 apartment communities consisting of 12,941 homes located in
If you would like more information about this topic, please contact Josh Klaetsch, Investor Relations, at (952) 401-6600 or IR@centerspacehomes.com.
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SOURCE Centerspace
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