MINNEAPOLIS, March 23,
2023 /PRNewswire/ -- Centerspace, Inc.
(NYSE:CSR) announced today the transition of Mark Decker, Jr., the Company's President and
CEO since 2017. As part of the succession plan, the Board of
Directors has appointed Anne Olson,
the Company's Executive Vice President, Chief Operating Officer,
and General Counsel, to succeed Mr. Decker as President and CEO
effective March 31, 2023, at which
time she will also join the Centerspace Board. Mr. Decker will
continue to serve on the Company's Board of Directors through the
end of his current term in May and will remain an advisor to the
Company during that time to ensure a smooth transition.
"Anne has been an integral part of overseeing the strategic
transformation of the Company's portfolio during her time at
Centerspace and has led the build-out of the Company's operational
and technology platforms," said John
Schissel, Chairman of the Company's Board of Directors. "She
has a track record of success at Centerspace, deep leadership
experience and extensive industry knowledge that make her the clear
choice to lead the Company in its next chapter. Centerspace's focus
on operations and portfolio repositioning will continue our ongoing
efforts to improve portfolio quality and balance sheet strength as
demonstrated by the recent closing of $144
million of non-core asset sales."
"On behalf of myself, the management team, the Board and the
entire Company, I want to express our thanks and appreciation to
Mark for his many contributions and dedication to Centerspace for
more than six years," Schissel continued. "Mark expedited the
transition of the Company from a diversified REIT to a focused
owner operator of apartment homes. His leadership has been
instrumental in the Company's transformational achievements. This
includes the successful entry into the Denver, Colorado market and a higher-quality
portfolio by acquiring approximately $1.5
billion of multifamily assets."
Ms. Olson joined Centerspace in April
2017 and has served in her current role since June of 2018.
Prior to joining Centerspace, Ms. Olson was most recently a Partner
in Dorsey & Whitney's Real Estate Practice Group, where she
focused on development and investment real estate for publicly
traded and publicly registered REITs, as well as private equity
funds and national developers.
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, the company currently owns 75
apartment communities consisting of 13,498 homes located in
Colorado, Minnesota, Montana, Nebraska, North
Dakota, and South Dakota.
Centerspace was named a Top Workplace for 2022 by the Minneapolis
Star Tribune. For more information, please visit
www.centerspacehomes.com.
Contact Information
Joe
McComish, Investor Relations
Phone: (701) 837-7104
E-mail: IR@centerspacehomes.com
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SOURCE Centerspace