Independence Realty Trust to buy Centerspace in $1.02 billion all-stock deal
Independence Realty Trust (IRT) said it would buy Centerspace (CSR) in an all-stock deal valuing the smaller rival at about $1.02 billion, to expand its residential portfolio.
Independence Realty Trust NYSE:IRT said on Wednesday it would buy Centerspace NYSE:CSR in an all-stock transaction that values the smaller rival at about $1.02 billion. Centerspace owns and operates apartment communities. The deal was announced by Independence Realty Trust.