---
schema_version: "secwatch.filing_event.v1"
accession: "0000798359-23-000025"
form_type: "8-K"
ticker: "CSR"
cik: "0000798359"
company_name: "CENTERSPACE"
filed_at: "2023-03-23T23:59:59+00:00"
generated_at: "2026-06-17T19:44:51.412921+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Centerspace appoints Anne Olson as President and CEO, succeeding Mark Decker Jr.

## Summary
- Anne Olson promoted to President and CEO effective March 31, 2023; also joins the Board of Trustees.
- Mark Decker Jr. separates from CEO role by mutual agreement; receives $2.1M lump-sum severance plus benefits.
- Olson receives $450k base salary, 100% STIP target, 200% LTIP target, $300k stock award, $100k retention bonus.
- CFO Bhairav Patel receives $150k stock award and $100k retention bonus to ensure smooth transition.
- Company closed $144M in non-core asset sales under Decker's leadership, focusing on multifamily portfolio.

## SEC filing metadata
- accession: 0000798359-23-000025
- form_type: 8-K
- ticker: CSR
- cik: 0000798359
- company_name: CENTERSPACE
- filed_at: 2023-03-23T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/798359/000079835923000025/0000798359-23-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/798359/000079835923000025/iret-20230323.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000798359-23-000025
- JSON: https://secwatch.observer/filing/0000798359-23-000025.json
- Plain text: https://secwatch.observer/filing/0000798359-23-000025.txt

## Key facts
- Executive change
  Anne Olson was appointed as Trustee at CENTERSPACE.
  - Action: appointed
  - Role: Trustee
  source text: The Board also approved Ms. Olson’s appointment to serve as a Trustee on the Company’s Board, effective as of March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/798359/000079835923000025/0000798359-23-000025-index.htm
- Executive change
  Anne Olson was appointed as President and Chief Executive Officer at CENTERSPACE.
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: On March 23, 2023, the Board of Trustees (the “Board”) of Centerspace, a North Dakota real estate investment trust (the “Company”), approved the appointment of Anne Olson to serve as President and Chief Executive Officer of the Company, effective March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/798359/000079835923000025/0000798359-23-000025-index.htm

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