Anne Olson

President, Chief Executive Officer, Secretary & Executive Trustee, CENTRESPACE

Search every verified Anne Olson interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Anne Olson, president and CEO of Centerspace, discussed the company's operating fundamentals and rent strategy in an interview at Nareit's REITweek: 2023 Investor Conference in June 2023. She described operating fundamentals in Centerspace's key markets of Denver and Minneapolis as "really strong," citing lease growth and renewal activity in both cities. Olson characterized Denver as a higher-growth market with favorable migration and job creation trends, while describing Minneapolis as a stable community with a strong job base and high housing costs. She noted that the company saw about five percent blended lease growth through the end of May in the second quarter and expressed confidence in the ability to continue raising rents, attributing this to low unemployment, rent-to-income ratios in the low 20s, and high collection rates in their markets. Olson also detailed steps Centerspace had taken to support its balance sheet, including the sale of nine non-core assets to reduce exposure to floating-rate debt and the terming out of some debt since the first quarter end. She stated that there remained demand from buyers for well-located tertiary market assets and said the company planned to watch its balance sheet closely, hoping for increased transaction volume in the second half of the year to take advantage of potential market dislocation and acquire well-located properties with long-term growth prospects.