Independence Realty Trust and Centerspace agree to $8.1B all-stock merger
Independence Realty Trust and Centerspace agreed to combine in an all-stock merger creating a residential REIT with roughly $5B in equity value and $8.1B in enterprise value, with Centerspace holders receiving 3.8 IRT shares. The combined company would hold about 44,000 apartment units across the Midwest, Sun Belt and Mountain regions.
Detected & updated continuously · Source: Nebula
Story subjects
Sources
@IPONewsroom_
IRT, CENTERSPACE AGREE $8.1B ALL-STOCK MERGER Independence Realty Trust $IRT and Centerspace $CSR have agreed to combine in an all-stock deal creating a residential REIT with about $5B in equity value and $8.1B in enterprise value. Centerspace holders will receive 3.8 IRT https://t.co/WgEmI7B7Il
@TU_Crypto_News
Centerspace and Independence Realty Trust are merging, creating a 44,000-unit apartment REIT with reach across the Midwest, Sun Belt and Mountain regions. The deal adds to multifamily consolidation, though it remains well below AVB-EQR’s 184,000-unit scale.