M&A/Shareholder vote/2026/Centerspace
Centerspace CSR
Independence Realty Trust, Inc. is buying Centerspace (CSR), paying holders in stock, expected to close Q4 2026. Centerspace is a North Dakota real estate investment trust that owns apartment communities.
Holders get
Stock
3.800 shares of IRT Common Stock
Deal value
Not given
Expected close
Q4 2026
Status
Pending
Checked
See the filing →
Filed
The deal
Independence Realty Trust, Inc. is acquiring Centerspace, a North Dakota real estate investment trust that owns apartment communities. Each Centerspace shareholder will receive 3.800 shares of IRT Common Stock.
The deal is expected to close as early as the end of the fourth quarter of 2026. It requires approval by IRT stockholders of the IRT Issuance Proposal, approval by CSR shareholders of the CSR Merger Proposal, and consents from certain of CSR's existing lenders.
What has happened
Agreement signed · See the filing
Terms changed · See the filing
Holders sent the terms and a meeting date
What must happen first
approval by IRT stockholders of the IRT Issuance Proposal
approval by CSR shareholders of the CSR Merger Proposal
consents to the transactions contemplated by the Merger Agreement are obtained from certain of CSR's existing lenders
The board says
The CSR Board of Trustees unanimously recommends that Centerspace shareholders vote "FOR" the CSR Merger Proposal