---
title: "Sachem Capital to Combine With IRG Industrial Assets in $2.9B Contribution; IRG to Hold 51% Vote"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286755852.md"
description: "Sachem Capital has entered a $2.9 billion Contribution Agreement with Industrial Realty Group Global, acquiring a portfolio of industrial real estate assets. IRG will receive OP Units and Class B shares, granting it 51% voting power. The deal includes pre-closing steps like forming an operating partnership and a reverse stock split, with the company to be renamed IRG Realty Trust. Post-closing, IRG is expected to hold about 94.1% of OP Units."
datetime: "2026-05-18T10:33:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286755852.md)
  - [en](https://longbridge.com/en/news/286755852.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286755852.md)
---

# Sachem Capital to Combine With IRG Industrial Assets in $2.9B Contribution; IRG to Hold 51% Vote

Sachem Capital entered into a Contribution Agreement with Industrial Realty Group Global to receive a portfolio of industrial real estate assets valued at approximately $2.9 billion gross ($1.5 billion net after $1.4 billion of debt). IRG Global will receive OP Units and non-economic Class B shares, initially conferring 51% of Sachem's voting power while it holds at least 51% of OP Units. The transaction includes pre-closing steps such as forming an operating partnership, redomesticating to Delaware, a 20-to-1 reverse stock split, creating Class B shares, and renaming the company to IRG Realty Trust. Post-closing, IRG Global is expected to hold about 94.1% of OP Units; OP Units are exchangeable for cash or Class A shares, subject to limits.

**Agreement details:**

-   **Agreement type**: Contribution Agreement for portfolio contribution and formation of operating partnership
-   **Counterparty**: Industrial Realty Group Global
-   **Signed / Effective**: May 17 2026 / May 17 2026
-   **Duration / Termination**: At will
-   **Reason**: Transform into industrial real estate REIT with scale

Original SEC Filing: Sachem Capital Corp. \[ SACH \] - 8-K - May. 18, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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