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Independence Realty Trust to acquire Centerspace

PUBLIC · IRTSep 30, 2026

Acquiring Company

IRT

Acquired Company

Centerspace

PhiladelphiaMinotReal EstateHospitalityProperty ManagementCommercial Real EstateReits And FinanceReal EstateHospitality

Description

Independence Realty Trust has announced its proposed acquisition of Centerspace, creating a new middle-market apartment REIT with over 44,000 units. The deal is valued at approximately $8.1 billion, aiming to provide geographical diversity to IRT's predominantly Sunbelt portfolio. However, opposition from investors highlights concerns over the financial prudence of this acquisition. Shareholders are urged to consider a strategic review instead of proceeding with this acquisition.

Company Information

Company

IRT

Location

1835 Market Street, Suite 2601

Philadelphia, Pennsylvania, United States

About

IRT is an equine transport company focused on delivering safe and efficient transportation solutions for horses. With a commitment to providing high-quality service, IRT has built a reputation for reliability in the industry. The company emphasizes customer experience and satisfaction in all operations. The recent partnership aims to enhance their global service capabilities.

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Frequently asked

Who acquired Centerspace?

Centerspace was acquired by IRT, based in Philadelphia. The deal was reported on September 30, 2026. IRT is an equine transport company focused on delivering safe and efficient transportation solutions for horses. IRT is publicly traded (IRT) and operates in Real Estate.

When did IRT acquire Centerspace?

IRT's acquisition of Centerspace was reported on September 30, 2026. Independence Realty Trust has announced its proposed acquisition of Centerspace, creating a new middle-market apartment REIT with over 44,000 units. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Centerspace do?

Centerspace is an owner and operator of apartment communities committed to providing great homes by focusing on integrity and serving others. It is publicly traded (CSR), operating in Real Estate, and is based in Minot.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.