Centerspace Inc. announced 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 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.

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.