Business Wire·Nov 10, 2026, 4:05 PM ET

Independence Realty Trust Stockholders and Centerspace Shareholders Approve Merger

Independence Realty Trust (IRT) and Centerspace shareholders approved all necessary proposals to close their merger at special meetings held on November 10, 2026.
Approximately 88.1% of votes cast at IRT's meeting favored the issuance of common stock for the merger, while 99.6% of votes cast at Centerspace's meeting (representing 80.4% of outstanding shares) supported the transaction.
The merger aims to create a leading multifamily REIT focused on high-growth Sunbelt, Midwest, & Mountain West regions outside of gateway markets.
Closing is subject to remaining conditions, with IRT retaining the right to defer the closing until the tenth business day after lender consents are secured or the tenth business day before June 30, 2027.
Upon closing, Centerspace shareholders will receive 3.800 shares of IRT common stock for each share held, with cash paid in lieu of fractional shares.
Centerspace owns 47 apartment communities totaling 10,456 units across Colorado, Minnesota, Montana, Nebraska, North Dakota, & Utah as of September 9, 2026.
Final voting results remain subject to certification by independent inspectors of election & will be filed with the SEC via Form 8-K reports.