Independence Realty Trust (IRT) Announces Public Offering of 14M Shares of Common Stock

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Go back to Independence Realty Trust (IRT) Announces Public Offering of 14M Shares of Common Stock

Independence Realty Trust, Inc. Announces Public Offering of 14,000,000 Shares of Common Stock

July 26, 2021 4:21 PM EDT

PHILADELPHIA--(BUSINESS WIRE)-- Independence Realty Trust, Inc. (NYSE: IRT) (IRT) today announced that it is commencing an underwritten public offering of 14,000,000 shares of common stock, par value $0.01 per share, in connection with the forward sale agreements described below. IRT expects to grant the underwriters a 30-day option to purchase up to 2,100,000 additional shares of common stock.

Barclays, BMO Capital Markets and Citigroup are acting as joint book-running managers of the offering.

IRT expects to enter into a forward sale agreement with each of Bank of Montreal and Barclays Capital Inc., or one of their... More