IRT all-stock merger targets $8.1B REIT, $24M synergies and 5% Core FFO accretion
IRT plans an all-stock merger creating a multifamily REIT with $8.1B enterprise value and 44,000+ units across 17 states. Deal targets $24M annual synergies and 5% Core FFO accretion by 2027, with most synergies expected within 12 months.
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