Sachem Capital to acquire IRG Global portfolio (~$2.9B); IRG gets 94% OP units and 51% voting power

Sachem Capital Corp.

IRG Global contributes 100% of IRG Master Holdings (industrial real estate) for OP Units and Class B shares; gross assets ~$2.9B, net ~$1.5B after ~$1.4B debt.
IRG to hold ~94.1% of OP Units; Class B shares grant 51% voting control. Board expands to 7, Stuart Lichter as Chairman.
Pre-closing steps include redomestication to Delaware, 20:1 reverse stock split, name change to IRG Realty Trust, Inc.
Closing expected by end of 2026, subject to shareholder approval; termination fee of $4M payable by Sachem in certain scenarios.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Sachem Capital Corp. entered into Contribution Agreement with Industrial Realty Group Global, LLC valued at an assumed implied gross asset value of the IRG Global portfolio to be contributed of approximately (effective 2026-05-17).

Action: entry
Agreement: merger
Counterparty: Industrial Realty Group Global, LLC
Value: an assumed implied gross asset value of the IRG Global portfolio to be contributed of approximately
Effective: 2026-05-17

Exact text from the filing

On May 17, 2026, Sachem Capital Corp., a New York corporation (“Sachem” or “Transferee Parent”), entered into a Contribution Agreement (the “Contribution Agreement”) with Industrial Realty Group Global, LLC, a Delaware limited liability company (“IRG Global”).

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Sachem Capital Corp. filing history →

Source: SEC EDGAR

accession 0001682220-26-000024

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