Independence Realty Trust, Centerspace announce $8.1 billion all-stock merger deal

• Independence Realty Trust will merge with Centerspace in an all-stock deal valuing the combined enterprise at $8.1 billion.
• Centerspace holders to receive 3.8 IRT shares per CSR share; about 67.6 million IRT shares and units to be issued.
• Post-close ownership split about 78% IRT shareholders, 22% Centerspace shareholders; IRT to assume Centerspace’s outstanding preferred units.
• Combined REIT to own 163 communities with 44,354 units across 17 states; headquarters to remain in Philadelphia under the IRT ticker.
• Closing expected as early as end of Q4 2026; annualized synergies estimated at $24 million, with about 5% accretion to 2027 Core FFO per share.

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. Independence Realty Trust Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260909840602) on September 09, 2026, and is solely responsible for the information contained therein.