AcquisitionSep 9, 2026Pending
🇺🇸 United States
CCenterspaceIRIndependence Realty Trust, Inc.
Real Estate › REITs
Deal valueUndisclosed
AnnouncedSep 9, 2026
ConsiderationStock
StructureNot stated
RegionNorth America
Cross-borderNo
Contingent paymentNo
Overview
Independence Realty Trust agreed to acquire Centerspace in an all-stock transaction, with Centerspace shareholders receiving 3.800 shares of IRT common stock for each Centerspace share.
Deal rationale
The document presents the combination as creating a leading middle-market apartment REIT with greater scale, broader geographic diversification, and an expanded value-add growth pipeline, supported by approximately $24 million of annualized synergies.
AI-generated from the SEC filingPendingReal Estate › REITsUnited StatesNorth America
Timeline
Valuation and terms
| Equity value | Undisclosed | |
|---|---|---|
| Enterprise value | Undisclosed | |
| Consideration | Stock |
Advisors
Buy-side
RCRBC Capital MarketsRRothschild & Co
Sell-side
BCBMO Capital Markets
Parties
Target
CCenterspace
- Headquarters
- United States
- Ticker
- —
Acquirer
IRIndependence Realty Trust, Inc.
- Headquarters
- United States
- Ticker
- —