Item 5.02. Departure of Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

As previously, reported on November 4, 2021, Bhairav Patel was appointed to the position of Executive Vice President, Finance, of Centerspace, a North Dakota real estate investment trust (the "Company") to assume the position of Chief Financial Officer of the Company. On January 10, 2022, Bhairav Patel was appointed to serve as the Chief Financial Officer of the Company effective immediately. There is no arrangement or understanding between Mr. Patel and any other person pursuant to which he was selected as an officer of the Company, and there are no related party transactions involving Mr. Patel that are reportable under Item 404(a) of Regulation S-K. There are no family relationships between any director or executive officer of the Company and Mr. Patel.

Also, as previously reported, the Company and John A. Kirchmann, Executive Vice President and Chief Financial Officer of the Company, reached a mutual agreement for Mr. Kirchmann to be separated from his positions at the Company. Effective as of Mr. Patel's appointment as Chief Financial Officer, Mr. Kirchmann will no longer serve as Chief Financial Officer of the Company. He will continue with the Company as an Executive Vice President.

Item 7.01 Regulation FD Disclosure.

On January 11, 2011, the Company issued a press release announcing Mr. Patel's appointment. Pursuant to Item 7.01 of Form 8-K, a copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information in Item 7.01 and Item 9.01, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liability of such section, nor shall it be deemed incorporated by reference in any filing of the Company under the Securities Act of 1933 or the Securities Exchange Act of 1934, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.




ITEM 9.01  Financial Statements and Exhibits
(d)Exhibits
Exhibit
Number            Description

  99.1              Press Release dated January 11, 2022
104               Cover Page Interactive Data File - the cover page XBRL tags are embedded
                  within the Inline XBRL Document.

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