---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-076131"
form_type: "8-K"
ticker: null
cik: "0001037390"
company_name: "INDUS REALTY TRUST, INC."
filed_at: "2023-06-29T23:59:59+00:00"
generated_at: "2026-06-13T14:35:58.978690+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# INDUS Realty Trust acquired by Centerbridge/GIC for $67/share in ~$868M all-cash deal, delisted from Nasdaq

## Summary
- All outstanding shares of INDUS common stock purchased at $67.00 per share in cash; total enterprise value ~$868M.
- Stock delisted from Nasdaq; Form 25 filed to deregister under Section 12(b) of Exchange Act.
- Board restructured: Michael Gamzon remains; William Rahm, David Sukenik, Sam Fancher appointed.
- Abu Dhabi Investment Authority (ADIA) joins as strategic investor alongside Centerbridge and GIC.
- Existing credit agreement fully repaid and terminated without penalties.

## SEC filing metadata
- accession: 0001104659-23-076131
- form_type: 8-K
- cik: 0001037390
- company_name: INDUS REALTY TRUST, INC.
- filed_at: 2023-06-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1037390/000110465923076131/0001104659-23-076131-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1037390/000110465923076131/tm2319986d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-076131
- JSON: https://secwatch.observer/filing/0001104659-23-076131.json
- Plain text: https://secwatch.observer/filing/0001104659-23-076131.txt

## Key facts
- Executive change
  David Sukenik was appointed as director at INDUS REALTY TRUST, INC..
  - Action: became
  - Role: director
  source text: William Rahm, David Sukenik and Sam Fancher became directors of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1037390/000110465923076131/0001104659-23-076131-index.htm
- Executive change
  Sam Fancher was appointed as director at INDUS REALTY TRUST, INC..
  - Action: became
  - Role: director
  source text: William Rahm, David Sukenik and Sam Fancher became directors of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1037390/000110465923076131/0001104659-23-076131-index.htm
- Executive change
  William Rahm was appointed as director at INDUS REALTY TRUST, INC..
  - Action: became
  - Role: director
  source text: William Rahm, David Sukenik and Sam Fancher became directors of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1037390/000110465923076131/0001104659-23-076131-index.htm
- M&A Transactions
  INDUS REALTY TRUST, INC. underwent a change of control involving affiliates of Centerbridge Partners, L.P. and GIC Real Estate, Inc. for approximately $868 million (closed 2023-06-29).
  - Action: change of control
  - Counterparty: affiliates of Centerbridge Partners, L.P. and GIC Real Estate, Inc.
  - Consideration: approximately $868 million
  - Closing: 2023-06-29
  source text: INDUS Realty Trust, Inc. (Nasdaq: INDT) (“INDUS” or the “Company”) , a U.S. based industrial/logistics REIT, announced today the completion of the previously announced merger whereby affiliates of Centerbridge Partners, L.P. (“Centerbridge”), a global private investment firm with deep experience in real estate, and GIC, a global institutional investor, have acquired all of the outstanding shares of INDUS’ common stock in an all-cash transaction valued at approximately $868 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1037390/000110465923076131/0001104659-23-076131-index.htm
- Material Agreements
  INDUS REALTY TRUST, INC. terminated Existing Credit Agreement with a syndicate of banks (effective 2023-06-29).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: a syndicate of banks
  - Effective: 2023-06-29
  source text: on June 29, 2023, the Company repaid in full all outstanding indebtedness and terminated all obligations and commitments under its Amended and Restated Credit Agreement, dated as of April 21, 2022, by and among INDUS RT, LP, as the borrower, and a syndicate of banks (the “ Lenders ”) for which JPMorgan Chase Bank, N.A. acted as Administrative Agent, Joint Lead Arranger and Joint Bookrunner, and Citibank, N.A. acted as Joint Lead Arranger, Joint Bookrunner and Syndication Agent (the “ Existing Credit Agreement ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1037390/000110465923076131/0001104659-23-076131-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.