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Market Impact: 0.55

Independence Realty Trust To Merge With Centerspace In All-Stock Deal

Source: Nasdaq

M&A & RestructuringHousing & Real EstateCompany Fundamentals

Independence Realty Trust and Centerspace agreed to merge in an all-stock transaction, creating a middle-market multifamily REIT. The deal consolidates two apartment-focused real estate operators and could generate scale, operating efficiencies, and a broader multifamily property portfolio.

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