Independence Realty Trust (IRT) Announces 10M Share Offering
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Independence Realty Trust Announces Public Offering of 10,000,000 Shares of Common Stock
September 3, 2024 4:06 PM EDTPHILADELPHIA--(BUSINESS WIRE)-- Independence Realty Trust, Inc. (IRT) (NYSE: IRT), a multifamily apartment REIT, today announced that it is commencing an underwritten public offering of 10,000,000 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 1,500,000 additional shares of common stock.
Citigroup, KeyBanc Capital Markets and RBC Capital Markets, LLC are acting as joint book-running managers for the offering.
IRT expects to enter into a forward sale agreement with Citigroup or one of its... More
