Sachem Capital and Industrial Realty Group Form IRG Realty Trust in $3.4B Industrial REIT Combination
May 19, 2026
Sachem Capital and Industrial Realty Group (IRG) announced a definitive contribution agreement to combine their industrial real estate businesses to create IRG Realty Trust, Inc. (IRGT), an industrial real estate platform with an implied enterprise value of approximately $3.4 billion. IRG will contribute 98 industrial assets, and the combined company will focus on mission-critical industrial infrastructure and embedded mark-to-market rent growth, with expected leverage in the mid-8x range at launch.
- Buyers
- Sachem Capital Corp., Industrial Realty Group (IRG)
- Targets
- IRG Realty Trust, Inc. (IRGT)
- Industry
- Real Estate
- Transaction Type
- Growth capital
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