Independence Realty Trust (IRT) Prices 9M Share Common Offering at $15.30/Sh

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Go back to Independence Realty Trust (IRT) Prices 9M Share Common Offering at $15.30/Sh

Independence Realty Trust, Inc. Announces Pricing of Public Offering of 9,000,000 Shares of Common Stock

February 20, 2020 9:24 AM EST

PHILADELPHIA--(BUSINESS WIRE)-- Independence Realty Trust, Inc. (NYSE: IRT) (IRT) today announced the pricing of its public offering of 9,000,000 shares of common stock at a price of $15.30 per share in connection with the forward sale agreement described below. The Company also granted the underwriters a 30-day option to purchase up to 1,350,000 additional shares. The offering is expected to close on or about February 24, 2020, subject to customary closing conditions.

KeyBanc Capital Markets and BMO Capital Markets are acting as joint book-running managers and representatives of the underwriters for the offering. Stifel, Nicolaus & Company, Incorporated,... More