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Centerspace to merge with Independence Realty Trust

PUBLIC · CSRSep 09, 2026•1 day ago

Acquiring Company

Centerspace

Acquired Company

INDEPENDENCE REALTY TRUST

MinotPhiladelphiaReal EstateHospitalityReal EstateHospitalityProperty ManagementCommercial Real EstateReits And Finance

Description

Centerspace and Independence Realty Trust have announced a merger valued at $8.1 billion. The all-stock transaction aims to create a major player in the middle-market multifamily REIT sector. The combined entity will focus on high-growth, non-gateway markets with a pro forma equity market capitalization of approximately $5.0 billion.

Company Information

Company

Centerspace

Location

Minot, North Dakota, United States

About

Centerspace is an owner and operator of apartment communities committed to providing great homes by focusing on integrity and serving others. Founded in 1970, the company currently owns 75 apartment communities consisting of 13,498 homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota. Centerspace was named a Top Workplace for 2022 by the Minneapolis Star Tribune. For more information, please visit www.centerspacehomes.com.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired INDEPENDENCE REALTY TRUST?

INDEPENDENCE REALTY TRUST was acquired by Centerspace, based in Minot. The deal was reported on September 9, 2026. Centerspace is an owner and operator of apartment communities committed to providing great homes by focusing on integrity and serving others. Centerspace is publicly traded (CSR) and operates in Real Estate.

When did Centerspace acquire INDEPENDENCE REALTY TRUST?

Centerspace's acquisition of INDEPENDENCE REALTY TRUST was reported on September 9, 2026. Centerspace and Independence Realty Trust have announced a merger valued at $8.1 billion. The all-stock transaction aims to create a major player in the middle-market multifamily REIT sector. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does INDEPENDENCE REALTY TRUST do?

Independence Realty Trust, Inc. is a real estate investment trust (REIT) focused on the acquisition, management, and ownership of apartment communities across the United States. It is publicly traded (IRT), operating in Real Estate, and is based in Philadelphia.

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