secwatch.observer — SEC 8-K summary
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Issuer:     INDEPENDENCE REALTY TRUST, INC. (IRT)
CIK:        0001466085
Form:       8-K
Filed at:   2026-09-09T10:48:00+00:00
Accession:  0001437749-26-029903
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IRT to acquire Centerspace in all-stock deal at 3.8x exchange ratio; close expected Q4 2026
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- IRT to acquire CSR via merger; each CSR share converts to 3.800 IRT shares, cash for fractional shares; close expected Q4 2026.
- IRT OP secured $716M senior unsecured term loan commitment from Royal Bank of Canada to finance deal, assumption/repayment of CSR debt.
- CSR may pay up to $0.77/share quarterly dividend; IRT up to $0.18/share. Termination fees: $45M (CSR) or $60M (IRT).
- CSR RSUs/PSUs/options convert to IRT equity at 3.8x ratio; two CSR independent trustees to join IRT board post-close.
- Deal requires IRT/CSR shareholder approvals, NYSE listing, S-4 effectiveness; outside date June 30, 2027.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1466085/000143774926029903/0001437749-26-029903-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1466085/000143774926029903/irt20260909c_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-029903

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