BSR Real Estate Investment Trust announced the retirement of Blake Brazeal, the REIT's Co-President and Chief Operating Officer, effective on December 31, 2022. Susan Koehn, the REIT's current Chief Financial Officer and Corporate Secretary will assume the role of Chief Operating Officer and Brandon Barger, the REIT's current Chief Accounting Officer, will assume the role of Chief Financial Officer and Corporate Secretary consistent with the REIT's succession plan effective on January 1, 2023. Mr. Brazeal has served as the Chief Operating Officer of the REIT and its predecessor since 2004.

Ms. Koehn served as the Chief Financial Officer of the REIT and it's predecessor since 2016 and served as the Chief Accounting Officer from 2014 to 2016. Mr. Barger joined the REIT's predecessor in 2014 as the Director of Financial Reporting and assumed the role of Chief Accounting Officer in 2017.