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Centerspace agrees to all-stock merger with Independence Realty Trust in $8.1 billion deal

PUBT·09/09/2026 13:01:47
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Centerspace agrees to all-stock merger with Independence Realty Trust in $8.1 billion deal
  • Independence Realty Trust agreed to buy Centerspace in an all-stock deal valuing the combined company at about $8.1 billion.
  • Centerspace holders to receive 3.8 IRT shares per share, implying about 68 million new IRT shares and operating partnership units.
  • Combined REIT expected to own about 44,000 apartment units; pro forma equity market value about $5 billion.
  • IRT stockholders expected to own about 78% of the combined equity; Centerspace holders about 22% on a fully diluted basis.
  • Deal targets about $24 million in annual synergies; projected to lift 2027 Core FFO per share by about 5%.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Centerspace published the original content used to generate this news brief via PR Newswire (Ref. ID: CG43438) on September 09, 2026, and is solely responsible for the information contained therein.