Centerspace, Independence Realty Trust Merge to Create $8.1B REIT

Why Independence Realty Trust Stock Sank Today

It's essentially acquiring a peer REIT.

Centerspace rises 9% on $8.1B all-stock merger announcement (CSR:NYSE)

Centerspace (CSR) surges ~9% on an $8.1B all-stock merger with IRT.

Independence Realty Trust to merge with out-of-state firm in $8.1B apartment deal

Centerspace, Independence Realty Trust merge to create $8.1B REIT

The IRT-Centerspace combination shows that multifamily REITs of all stripes are chasing scale as the costs of doing business continue to rise.

IRT, Centerspace Strike $8.1B Apartment Merger

Independence Realty Trust and Centerspace are combining in an $8.1 billion transaction creating a 44,354-unit apartment portfolio—and the geographic mix reveals where the companies see rental opportunity. Continue Reading An $8.1 Billion Apartment Merger Is Betting on Where Americans Will Rent Next

Independence Realty Trust and Centerspace Agree to $8.1 Billion Merger

Independence Realty Trust and Centerspace agreed to a merger, creating a middle-market apartment real-estate investment trust valued at $8.1 billion, including debt.