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Centerspace entered an Agreement and Plan of Merger with Independence Realty Trust. Each Centerspace share will convert into 3.8 shares of Independence Realty common stock, with cash in lieu of fractional shares.
Independence Realty Trust (IRT) and Centerspace (CSR) have agreed to merge in an all-stock deal creating a multifamily REIT with enterprise value about $8.1B and more than 44,000 apartment units.