---
title: "Centerspace to Merge With Independence Realty in All-Stock Deal at 3.8x Exchange"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/298460537.md"
description: "Centerspace has entered into an all-stock merger agreement with Independence Realty Trust. Under the deal, each Centerspace share converts to 3.8 shares of Independence Realty common stock. The transaction aims to expand scale and diversify their multifamily portfolios. It requires shareholder approvals, regulatory clearances, and NYSE listing. The agreement includes reciprocal termination fees of $45 million for Centerspace and $60 million for Independence Realty."
datetime: "2026-09-09T12:43:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/298460537.md)
  - [en](https://longbridge.com/en/news/298460537.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/298460537.md)
generator: "portal-rs"
---

# Centerspace to Merge With Independence Realty in All-Stock Deal at 3.8x Exchange

Centerspace entered into an Agreement and Plan of Merger with Independence Realty Trust in an all-stock transaction. Each Centerspace share will convert into 3.8 shares of Independence Realty common stock, with cash in lieu of fractional shares. The plan includes a follow-on partnership merger, preferred unit exchanges into new IROP preferred units, and adding two Centerspace trustees to Independence Realty’s board at closing. The deal is subject to shareholder approvals, regulatory clearances, NYSE listing, tax opinions, and includes reciprocal termination fees of $45 million (Centerspace) and $60 million (Independence Realty).

**Agreement details:**

-   **Agreement type**: Agreement and Plan of Merger (all-stock acquisition)
-   **Counterparty**: Independence Realty Trust
-   **Signed / Effective**: Sep 08 2026 / same
-   **Duration / Termination**: Until closing
-   **Reason**: Expand scale and diversify multifamily portfolio

Original SEC Filing: CENTERSPACE \[ CSR \] - 8-K - Sep. 09, 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.

### Related Stocks

- [CSR.US](https://longbridge.com/en/quote/CSR.US.md)
- [IRT.US](https://longbridge.com/en/quote/IRT.US.md)

## Related News & Research

- [Centerspace Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Centerspace - CSR](https://longbridge.com/en/news/298637363.md)
- [UBS Sticks to Their Hold Rating for Centerspace (CSR)](https://longbridge.com/en/news/299040415.md)
- [Independence Realty Trust, Centerspace announce $8.1 billion all-stock merger deal](https://longbridge.com/en/news/298435804.md)
- [Are CSR, BZH, IRT Obtaining Fair Deals for their Shareholders?](https://longbridge.com/en/news/298493476.md)
- [BUZZ-Independence Realty Trust to buy Centerspace for $1.02 billion; shares fall](https://longbridge.com/en/news/298447132.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**