Independence Realty Trust to buy Centerspace for $1.02 billion; shares fall

IRT•2026-09-09

Independence Realty Trust agrees to all-stock acquisition of Centerspace

** Shares of Independence Realty Trust (IRT.N) were down 1.1% at $15.7 in premarket trading.

** The company said it will buy Centerspace (CSR.N) in an all-stock deal that values the smaller rival at about $1.02 billion, as the REIT seeks to expand its residential portfolio.

** The deal is expected to close by the end of the fourth quarter of 2026.

** Centerspace shares rose about 5% to $55 in premarket trading.

** As of the last close, IRT was down 9% and CSR was down about 21% year to date.

Independence Realty Trust to buy Centerspace for $1.02 billion; shares fall

Independence Realty Trust agrees to all-stock acquisition of Centerspace

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