MINNEAPOLIS, Nov. 8, 2021 /PRNewswire/ -- Centerspace
(NYSE: CSR) announced today that Bhairav
Patel is joining the Company as Executive Vice President and
will transition into the role of Chief Financial Officer ("CFO") in
the first quarter of 2022. John
Kirchmann, current Executive Vice President and CFO, will be
leaving the Company to pursue other opportunities in the first half
of next year.
Mr. Patel is a seasoned real estate finance and
investment executive with more than 15 years
of finance and accounting experience. He previously served as
Executive Vice President of Finance and Accounting for New Senior
Investment Group Inc. ("New Senior"). Mr. Patel joined New Senior
in January 2019 upon the
internalization of the company's management function and was later
appointed its Interim Chief Financial Officer in October 2019, a position in which he served until
New Senior was acquired in September
2021 by Ventas. During his tenure at New Senior, he was
responsible for overseeing the company's accounting,
finance, treasury and tax functions. Prior to New Senior,
he served as Managing Director in Fortress Investment Group's
("Fortress") private equity group beginning in March 2016, when he was appointed as the Chief
Accounting Officer for New Senior, which was externally managed by
Fortress at the time. Mr. Patel joined Fortress in 2007
and served in various capacities within the corporate
accounting and finance divisions, including as head of Fortress'
financial planning & analysis group. Prior to joining Fortress
in 2007, Mr. Patel served as an accounting manager at GSC Group, an
alternative asset manager focused on credit-based
strategies. He received a Bachelor's degree and a
Master's degree in Commerce from the University of Mumbai (India) and is a Certified Public Accountant
(inactive).
"Since joining us, John has been an integral part of our
organization, playing a vital role in our growth and evolution into
a focused apartment owner and operator. John will continue to
serve as CFO while we transition the leadership of the finance and
accounting group in the coming months, and we are grateful for
John's contributions, leadership, and commitment to a positive
transition," said Mark O. Decker,
Jr., President and Chief Executive Officer. "We believe
Bhairav's experience will serve Centerspace well and welcome him to
our team."
About Centerspace
Centerspace is an owner and operator of apartment communities
committed to providing great homes by focusing on integrity and
serving others. Founded in 1970, the company currently owns 79
apartment communities consisting of 14,275 homes located in
Colorado, Minnesota, Montana, Nebraska, North
Dakota, and South Dakota.
Centerspace was named a Top Workplace for 2021 by the
Minneapolis Star Tribune. For more information, please visit
www.centerspacehomes.com.
If you would like more information about this topic, please
contact Emily Miller, Investor
Relations, at (701) 837-7104 or IR@centerspacehomes.com.
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SOURCE Centerspace