Independence Realty Trust (IRT) and Steadfast Apartment REIT Announce Strategic Merger

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Go back to Independence Realty Trust (IRT) and Steadfast Apartment REIT Announce Strategic Merger

Independence Realty Trust (IRT) Prices 14M Share Offering at $17.75/sh

July 28, 2021 5:11 AM EDT

Independence Realty Trust, Inc. (NYSE: IRT) today announced the pricing of its public offering of 14,000,000 shares of common stock at a price of $17.75 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 2,100,000 additional shares. The offering is expected to close on or about July 30, 2021, subject to customary closing conditions.

Barclays, BMO Capital Markets, Citigroup, KeyBanc Capital Markets, Baird, BofA Securities, Capital One Securities, Jefferies and Truist Securities are acting as joint book-running managers for the offering. Regions Securities LLC,... More