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CENTERSPACE
Independence Realty Trust (IRT) has entered into a definitive merger agreement to acquire Centerspace (CSR). Under the terms, each CSR share will be converted into 3.800 shares of IRT common stock, with both companies scheduling special meetings on November 10, 2026, to vote on the transaction. Upon completion, legacy IRT stockholders and CSR shareholders are expected to own approximately 78% and 22% of the combined company, respectively.…more
CENTERSPACE
CenterSpace and Investors Real Estate Trust have entered into a merger agreement to proceed with a business combination. Through this merger, both companies will integrate their real estate portfolios and pursue business expansion.…more
CENTERSPACE
Centerspace has amended its merger agreement with Independence Realty Trust (IRT) to implement an 'Alternative Structure' as elected by IRT. Under this structure, Centerspace will merge into Islanders Sub, LLC, a wholly owned subsidiary of IRT, and Centerspace shareholders will receive IRT common stock based on the agreed exchange ratio upon completion.…more
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Independence Realty Trust to Merge with Centerspace
Independence Realty Trust will merge with Centerspace to create a combined entity with a market capitalization of approximately $5 billion. The transaction aims to enhance portfolio diversification and achieve operational synergies to drive long-term growth.…more