---
schema_version: "secwatch.filing_event.v1"
accession: "0000798359-21-000031"
form_type: "8-K"
ticker: "CSR"
cik: "0000798359"
company_name: "CENTERSPACE"
filed_at: "2021-11-08T23:59:59+00:00"
generated_at: "2026-06-28T11:49:16.355709+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Centerspace appoints Bhairav Patel as EVP/CFO; current CFO John Kirchmann to depart in H1 2022

## Summary
- Bhairav Patel, former EVP Finance at New Senior, will become CFO in Q1 2022 after transition with current CFO John Kirchmann.
- Patel's compensation includes $350K base salary, 100% STIP/LTIP targets, a $150K RSU grant vesting over three years, and a company-paid apartment.
- John Kirchmann will remain CFO through the transition and leave in the first half of 2022 to pursue other opportunities.
- Patel previously served as Interim CFO of New Senior until its acquisition by Ventas in September 2021.
- No related-party transactions or family relationships between Patel and any director or officer.

## SEC filing metadata
- accession: 0000798359-21-000031
- form_type: 8-K
- ticker: CSR
- cik: 0000798359
- company_name: CENTERSPACE
- filed_at: 2021-11-08T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/798359/000079835921000031/0000798359-21-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/798359/000079835921000031/iret-20211108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000798359-21-000031
- JSON: https://secwatch.observer/filing/0000798359-21-000031.json
- Plain text: https://secwatch.observer/filing/0000798359-21-000031.txt

## Key facts
- Executive change
  Bhairav Patel was appointed as Executive Vice President and Chief Financial Officer at CENTERSPACE.
  - Action: appointed
  - Role: Executive Vice President and Chief Financial Officer
  source text: On November 5, 2021, Bhairav Patel was appointed to serve as the Executive Vice President and Chief Financial Officer of Centerspace
  evidence_url: https://www.sec.gov/Archives/edgar/data/798359/000079835921000031/0000798359-21-000031-index.htm
- Executive change
  John A. Kirchmann departed as Executive Vice President and Chief Financial Officer at CENTERSPACE.
  - Action: separated
  - Role: Executive Vice President and Chief Financial Officer
  source text: Also on November 5, 2021, 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/798359/000079835921000031/0000798359-21-000031-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.