CENTERSPACE WELCOMES NEW CHIEF FINANCIAL OFFICER

Rhea-AI Summary

Centerspace (NYSE: CSR) has appointed Bhairav Patel as its new Chief Financial Officer, succeeding John Kirchmann who will remain as EVP for a smooth transition. Patel will oversee the company's financial strategy, including accounting, reporting, and planning. Expressing enthusiasm for his new role, Patel aims to collaborate with the team to enhance growth in the multifamily industry. Founded in 1970, Centerspace operates 83 apartment communities across six states, focusing on integrity and service.

Positive

• Appointment of Bhairav Patel as CFO indicates strategic leadership transition.
• Patel's experience expected to enhance financial operations and strategy.

Negative

• None.

MINNEAPOLIS, Jan. 11, 2022 /PRNewswire/ -- Centerspace (NYSE: CSR) announced today that Bhairav Patel has been appointed as the Chief Financial Officer of the Company. He succeeds John Kirchmann who announced in November 2021 that he would step down to pursue other opportunities. John will remain with the Company as EVP to insure a smooth transition.

Mr. Patel is responsible for all aspects of the Company's financial strategy and operations including accounting, financial reporting, financial planning and analysis, treasury, and tax.

"I am thrilled to join Centerspace and am humbled by the confidence placed in me by the Centerspace team and its Board of Trustees. It is an exciting time for the multifamily industry, and I am excited to be a part of it. I look forward to collaborating with the Centerspace team to build on the progress and take Centerspace to new heights," stated Bhairav Patel, new Executive Vice President and Chief Financial Officer.

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 83 apartment communities consisting of 14,718 homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota. Centerspace was named a Top Workplace for 2021 by the Minneapolis Star Tribune. For more information, please visit www.centerspacehomes.com.

If you would like more information about this topic, please contact Emily Miller, Investor Relations, at (701) 837-7104 or IR@centerspacehomes.com.

Contact Information
Emily Miller, Investor Relations
Phone : (701) 837-7104
E-mail : IR@centerspacehomes.com

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SOURCE Centerspace

FAQ

Who is the new CFO of Centerspace?

Bhairav Patel has been appointed as the new Chief Financial Officer of Centerspace.

What role will John Kirchmann have after stepping down as CFO?

John Kirchmann will remain with the company as Executive Vice President to ensure a smooth transition.

When was Bhairav Patel appointed as CFO of Centerspace?

Bhairav Patel was appointed as CFO on January 11, 2022.

How many apartment communities does Centerspace own?

Centerspace owns 83 apartment communities across six states.

What is the stock symbol for Centerspace?

The stock symbol for Centerspace is CSR.