Complex sentence: In mid- 2009 the Saint James campus was reacquired; it is currently being used for faculty housing and part of it is being rented out to the Cannon River STEM School for grades K-8.
Split into simpler sentences: In mid- 2009 the Saint James campus was reacquired. It is currently being used for faculty housing, and part of it is being rented out to the Cannon River STEM School for grades K-8.