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 CEO 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.
Centerspace is a real estate investment trust. The Company is focused on the ownership, management, acquisition, development, and redevelopment of apartment communities. The Company owns approximately 72 apartment communities consisting of 13,088 homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota. The Company conducts its daily business operations primarily through its operating partnership, Centerspace, LP (the Operating Partnership). The Companyâs portfolio of apartment communities includes 71 France, Alps Park Apartments, Arcata Apartments, Ashland Apartment Homes, Avalon Cove Townhomes, Burgundy & Hillsboro, Canyon Lake Apartments, Castlerock Apartment Homes, Cottonwood Apartment Homes, Country Meadows Apartment Homes, Deer Ridge Apartment Homes, Grand Gateway Apartment Homes, Homestead Garden Apartments, Silver Springs Apartment Homes, and Rimrock West Apartments, among others.