An activist shareholder is challenging Independence Realty Trust’s planned acquisition of Centerspace, arguing that the $8.1 billion combination would weaken IRT’s growth profile and that the apartment REIT should consider selling itself instead. Irenic...
Two publicly traded apartment landlords are combining in an $8.1 billion deal that will put more than 44,000 apartments under one company—and create a portfolio built around a particular view of where rental demand will hold up best. Independence Realty Trust and...