IRT and Centerspace shareholders approve merger; CSR holders to receive 3.800 IRT shares each

CENTERSPACE

Centerspace shareholders approved the merger with 13,524,885 votes for, 38,541 against and 12,847 abstaining; 99.6% of votes cast backed the deal.
IRT stockholders approved the share issuance for the merger with approximately 88.1% of votes cast in favor at the Nov. 10, 2026 special meeting.
Upon closing, each Centerspace common share converts into 3.800 IRT common shares, with cash in lieu of fractional shares; CSR OP units get 3.800 IRT OP units.
The merger, struck Sept. 8, 2026, remains subject to closing conditions; IRT may defer closing until lender consents are obtained or the tenth business day before June 30, 2027.
Centerspace shareholders also approved merger-related named executive officer compensation, 12,933,197 for versus 612,265 against.

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