Mergers & Acquisitions ·
Centerspace shareholders approve merger with IRT; holders to receive 3.8 shares of IRT for each share
CSRCenterspace
Centerspace shareholders approved the proposed merger with Independence Realty Trust (IRT) at a special meeting on November 10, 2026. Approximately 99.6% of votes cast, representing 80.4% of outstanding common shares, favored the transaction. Under the agreement, Centerspace shareholders will receive 3.800 shares of IRT common stock for each share held, with cash paid in lieu of fractional shares. The merger remains subject to remaining closing conditions and lender consents for designated mortgage loans. Centerspace is an owner and operator of apartment communities focused on non-gateway U.S. markets.