Independence Realty Trust to Acquire Centerspace in $8.1 Billion Merger
September 9, 2026
Independence Realty Trust (IRT) and Centerspace entered into an all-stock merger agreement valued at approximately $8.1 billion in enterprise value. Centerspace shareholders will receive 3.8 IRT shares for each Centerspace share, and the transaction is expected to close as early as the fourth quarter of 2026, subject to shareholder approvals and other customary conditions.
- Buyers
- Independence Realty Trust, Inc.
- Targets
- Centerspace
- Industry
- Real Estate
- Location
- North Dakota, United States
- Transaction Type
- Buyout
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