Centerspace Announces Merger Amendment with Independence Realty Trust

What Happened
Centerspace (CSR) filed an 8-K on Sept. 23, 2026 reporting that on Sept. 22, 2026 it and Independence Realty Trust, Inc. (IRT) executed an amendment to their previously announced Agreement and Plan of Merger (originally dated Sept. 8, 2026). The amendment adds IRT’s merger subsidiary by joinder and elects the “Alternative Structure” for the Company Merger so that Centerspace will merge into IRT Merger Sub, with IRT Merger Sub surviving (instead of IRT Merger Sub merging into Centerspace). The amendment also contains a waiver by IRT, IROP and their subsidiaries of any representation inaccuracy caused solely by this Alternative Structure. IRT will file a Form S-4 (including a joint proxy statement/prospectus) and the transaction will be submitted to Centerspace and IRT shareholders for approval.

Key Details

• Original Merger Agreement dated Sept. 8, 2026; amendment and joinder executed Sept. 22, 2026.
• Amendment adds IRT Merger Sub as a party and elects that Centerspace merges into IRT Merger Sub (IRT Merger Sub will survive the Company Merger).
• IRT, IROP, IRT Merger Sub and IROP Merger Sub waived any representation inaccuracies caused solely by the Alternative Structure.
• IRT will file a registration statement on Form S-4 with a joint proxy statement/prospectus; shareholders of both companies will vote on the proposed transaction.

Why It Matters
This amendment changes the legal structure of the planned merger (which entity will survive), a material deal term that affects how the combined entities will be organized post-closing. The change will be described in the definitive S-4/proxy materials and requires shareholder approval, so investors should review the forthcoming joint proxy statement/prospectus for full details before voting. Free copies of the filings will be available on the SEC website and the companies’ investor sites.