CENTERSPACE ANNOUNCES CHANGE TO BOARD OF TRUSTEES

Company Announcement - Centerspace announced the retirement of Jeff Caira from the Board of Trustees, effective at the conclusion of the 2025 Annual Meeting of Shareholders on May 14, 2025 [1] - Jeff Caira has been a member of the Board since 2015 and has held various leadership roles, including Board Chair and Chair of the Nominating and Governance Committee [2] Leadership Impact - Board Chair John Schissel acknowledged Caira's invaluable leadership and contributions, particularly in guiding the company's transition to a pure-play multifamily focus, which has positioned the company for operational excellence and growth [2] - President and CEO Anne Olson highlighted Caira's commitment to improvement, which has enhanced the management team, Board, and overall company [2] Board Refreshment - Centerspace has refreshed its Board of Trustees by adding new members in January and July 2024, alongside the retirement of another Trustee in May 2024 [2] Company Overview - Centerspace is an owner and operator of apartment communities, founded in 1970, currently owning 71 apartment communities with a total of 13,012 homes across several states including Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota [4] - The company was recognized as a top workplace for the fifth consecutive year in 2024 by the Minneapolis Star Tribune [4]