Centerspace News & Analysis

Independence Realty Trust (IRT) Completes $8.1 Billion Merger Deal

On September 9, 2026, Independence Realty Trust, Inc. (NYSE: IRT) and Centerspace announced an all-stock merger agreement worth approximately $8.1 billion. This merger forms a combined real estate investment trust (REIT) with a market capitalization of about $5.0 billion and over 44,000 apartment units across 163 communities in 17 states. The transaction is projected to be roughly 5% accretive to 2027 Core FFO (funds from operations) per share for shareholders. This merger may lead to $24 million in annualized synergies, enhancing capital market access and reducing costs for the combined firm.