PHILADELPHIA & IRVINE, Calif.--(BUSINESS WIRE)--Dec. 16, 2021-- Independence Realty Trust, Inc. (NYSE: IRT) ("IRT") and Steadfast Apartment REIT, Inc. ("STAR") today announced the completion of the merger transaction between the two companies, forming a combined company with an equity market capitalization of approximately $5.6 billion and a total enterprise value of approximately $8.3 . Steadfast Apartment REIT, Inc. Stockholders Approve Merger ... PHILADELPHIA Independence Realty Trust, Inc. . For financial reporting, their fiscal year ends on December 31st. Independence Realty Trust, Inc. Independence Realty Inc Trust (IRT) Q3 2021 Earnings Call ... Under the terms of the agreement, each STFR common. Our core FFO per share guidance adjusts for depreciation and amortization as well as gains on the sale of real estate assets and merger and integration costs. Independence Realty Trust and Steadfast Apartment REIT ... On July 26, 2021, Steadfast Apartment REIT, Inc. and Independence Realty Trust, Inc. (NYSE: IRT) announced the definitive merger agreement under which Steadfast will merge with and into IRT, with IRT surviving as the continuing public company. STAR is a non-traded public REIT that was formed to acquire and operate a diverse portfolio of well-positioned, institutional-quality apartment communities. UPDATE: KeyBanc On Independence Realty Trust Price Target Raise: Firm Sees Increased . New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Independence Realty Trust, Inc. (NYSE: IRT) and Steadfast Apartment REIT, Inc. is fair to Independence Realty shareholders. The ticker symbol "IRT" will be used to trade the transaction. INDEPENDENCE REALTY INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Merger of Independence Realty Trust, Inc. - IRT PR Newswire NEW ORLEANS, Nov. 11 . IRVINE, Calif., Dec. 13, 2021 /PRNewswire/ -- Steadfast Apartment REIT, Inc. ("STAR") announced that at its special meeting of stockholders held today, its stockholders approved the previously. Independence Realty Trust and Steadfast Apartment REIT ... PHILADELPHIA, December 02, 2021 -- ( BUSINESS WIRE )--Independence Realty Trust, Inc. (NYSE: IRT) ("IRT") today announced that its Board of Directors has declared a prorated dividend on IRT common. The contingent prorated dividend will be payable in cash to IRT stockholders of record as of the close . philadelphia & irvine, calif., december 16, 2021 -- ( business wire )-- independence realty trust, inc. (nyse: irt) ("irt") and steadfast apartment reit, inc. ("star") today announced the. Independence Realty Trust, Inc. (NYSE: IRT) ("IRT") today announced that its Board of Directors has declared a prorated dividend on IRT common stock, contingent upon the completion of IRT's pending merger with Steadfast Apartment REIT, Inc. ("STAR") on or before December 31, 2021. Independence Realty Trust (IRT) and Steadfast Apartment REIT (STAR) have announced that they have entered into a definitive merger agreement, in which IRT will serve as the continuing public company. Independence Realty Trust, Inc. (NYSE: IRT) ("IRT") and Steadfast Apartment REIT, Inc. ("STAR") today announced the completion of the merger transaction between the two companies, forming . Post-merger, the company will operate under the Independence Realty Trust banner and trade under the same stock symbol. The all-stock deal will create a $7 billion REIT with roughly 130 communities and 38,000 apartment units, predominantly in the Sun Belt region. Combined Company and Merger Terms The combined company after the Mergers retains the name "Independence Realty Trust, Inc." IRT closed at $24.15 per share on December 16, 2021. Get detailed information on FATHOM DIGITAL MANUFACTURING CORP (FATH.NY) including stock quotes, financial news, historical charts, company background, company fundamentals, company financials, insider trades, annual reports and historical prices in the Company Factsheet. Independence Realty Trust Announced A Merger With Steadfast Apartment REIT. . PHILADELPHIA & IRVINE, Calif.-- (BUSINESS WIRE)-- Independence Realty Trust, Inc. (NYSE: IRT) ("IRT") and Steadfast Apartment REIT, Inc. ("STAR") today announced that they have entered into a definitive merger agreement under which STAR will merge with and into IRT, with IRT surviving as the continuing public company. PHILADELPHIA, PA - Dec. 13, 2021. At the moment, it seems hard to me to argue that IRT is underpriced. Bendix Anderson | Aug 31, 2021 Amid a flurry of M&A deals by publicly-traded REIT space, Philadelphia-based Independence Realty Trust (IRT) last month announced a proposed merger with non-traded. As previously reported, the combined company will own a portfolio of 131 apartment communities with approximately 38,000 units across 16 states, concentrated in the Sunbelt and Midwest. Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily apartment properties across non-gateway U.S. markets, including Atlanta, Dallas . Independence Realty Trust, Inc. today announced that its Board of Directors has declared a prorated dividend on IRT common stock, contingent upon the completion of IRT' s pending merger with Steadfast Apartment REIT, Inc. on or before December 31, 2021. On July 26, 2021, Steadfast Apartment REIT, Inc. and Independence Realty Trust, Inc. (NYSE: IRT) announced the definitive merger agreement under which Steadfast will merge with and into IRT, with IRT surviving as the continuing public company. Independence Realty Trust, Inc. ("IRT") (NYSE: IRT) announced that at its special meeting of stockholders held today, its stockholders approved the issuance of shares of IRT common stock to the stockholders of Steadfast Apartment REIT, Inc. ("STAR") in connection with IRT's previously announced merger transaction with STAR (the . Independence Realty Trust Declares Dividends in Connection with Pending Merger with Steadfast Apartment REIT Dec 2, 2021 Dec 2, 2021 Updated 45 min ago Independence Realty Trust, Inc. (NYSE: IRT) ("IRT") and Steadfast Apartment REIT, Inc. ("STAR") today announced the completion of the merger transaction between the two companies, forming a combined company with an equity market capitalization of approximately $5.6 billion and a total enterprise value of approximately $8.3 billion, as of market close on December 15, 2021. ET The merger will join together two high-quality portfolios with complementary . The combined company is expected to have a pro forma equity market capitalization of approximately $4 billion and a pro forma total enterprise . SECURITIES AND EXCHANGE COMMISSION. Independence Realty Trust, Inc. ("IRT") and Steadfast Apartment REIT, Inc. ("STAR") today announced the completion of the merger transaction between the two companies, forming a combined company with an equity market capitalization of approximately $5.6 billion and a total enterprise value of approximately $8.3 billion, as of market close on December 15, 2021. Report this post. PHILADELPHIA--(BUSINESS WIRE)-- Independence Realty Trust, Inc. ("IRT") (NYSE: IRT) announced that at its special meeting of stockholders held today, its stockholders approved the issuance of shares of IRT common stock to the stockholders of Steadfast Apartment . Independence Realty Trust, Inc. ("IRT") to merge with Steadfast Apartment REIT, Inc. ("STAR") in all-stock transaction STAR's stockholders to receive 0.905 shares / OP units of IRT stock for each STAR share / OP unit Transaction will result in the issuance of approximately 106 million IRT shares / OP units INDEPENDENCE REALTY INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Merger of Independence Realty Trust, Inc. - IRT Find the latest Independence Realty Trust, Inc. (IRT) stock discussions in Yahoo Finance's forum. Independence Realty Trust, Inc. is a real estate investment trust, which acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. The big news for Independence Realty is its merger with STAR. Independence Realty Trust Inc. Independence Realty Trust and Steadfast Apartment REIT Announce Strategic Merger Creates a leading public multifamily REIT focused on the high-growth U.S. Sunbelt region; combined company will own . Independence Realty Trust (IRT) and Steadfast Apartment REIT (STAR) have announced a merger that will have a pro forma enterprise value of $7 billion and create a combined company that will own . 24.49. Independence Realty Trust: After The Merger. PHILADELPHIA & IRVINE, Calif.-(BUSINESS WIRE)-Independence Realty Trust, Inc. (NYSE: IRT) and Steadfast Apartment REIT, Inc. today announced that they have entered into a definitive merger agreement under which STAR will merge with and into IRT, with IRT surviving as the continuing public company.The merger will join together two high-quality portfolios with complementary geographic . Dear Stockholder: Re: Important Message Regarding the Proposed Merger with Independence Realty Trust, Inc. As you are likely aware, on July 26 th we announced that Steadfast Apartment REIT, Inc. ("STAR") has entered into a definitive merger agreement with Independence Realty Trust, Inc. ("IRT"), pursuant to which STAR will merge with and into IRT, with IRT surviving . Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily apartment properties across non-gateway U.S. markets, including Atlanta, Dallas . If the merger has been completed on or before December 31, 2021, then an additional pro rata dividend at the. Steadfast Apartment REIT Inc., a publicly registered non-traded real estate investment trust, has agreed to merge with publicly traded REIT, Independence Realty Trust Inc. (NYSE: IRT). Vice President of Acquisitions at Independence Realty Trust Inc (IRT) 2w. PHILADELPHIA & IRVINE, Calif., July 26, 2021--Independence Realty Trust, Inc. (NYSE: IRT) ("IRT") and Steadfast Apartment REIT, Inc. ("STAR") today announced that they have entered into a definitive merger agreement under which STAR will merge with and into IRT, with IRT surviving as the continuing public company. Independence Realty Trust and Steadfast Apartment REIT Complete Strategic Merger. After the merger is completed, the company will keep the Independence Realty Trust name. Independence Realty Trust, Inc. is regulated by the U.S. Security and Exchange Commission and incorporated in the state of Maryland. In July, the companies announced the agreement to merge STAR into Independence Realty ( IRT ). Ticker: IRT. September 23, 2021. Files Definitive Proxy for Merger with Independence Realty Trust, a Publicly Traded REIT Steadfast Apartment REIT, Inc. owns and operates apartment communities in targeted markets throughout the United States, according to its website. Upon completion of the merger, the company will retain the Independence Realty Trust name and will trade under the ticker symbol "IRT." The transaction is expected to close during […] National + Apartments | December 13, 2021 By: Paul Bubny Shareholders Approve Merger of Independence, Steadfast Multifamily REITs Steadfast Apartment REIT (STAR) and Independence Realty Trust (IRT) said separately on Monday that shareholders had approved the merger of the two companies. UNITED STATES. Independence Realty Trust, Inc. (NYSE: IRT) ("IRT”) and Steadfast Apartment REIT, Inc. ("STAR”) today announced the completion of the merger transaction between the two companies, forming a combined company with an equity market capitalization of approximately $5.6 billion and a total enterprise value of approximately $8.3 billion, as of market . Following the merger, Independence Realty Trust and Steadfast stockholders will each own approximately 50 percent of the combined company's equity. Independence Realty Trust, Inc. (NYSE: IRT) ("IRT") today announced that its Board of Directors has declared a prorated dividend on IRT common stock, contingent upon the completion of IRT's pending merger with Steadfast Apartment REIT, Inc. ("STAR") on or before December 31, 2021.The contingent prorated dividend will be payable in cash to IRT stockholders of record as of the close of . 333-100654 . Steadfast Apartment REIT, Inc. announced the definitive merger agreement under which STAR will merge with and into Independence Realty Trust, Inc. (NYSE: IRT), with IRT surviving as the continuing public company. 811-21237 . Steadfast Apartment REIT, Inc. 0001466085. Share your opinion and gain insight from other stock traders and investors. Securities Act File No. Independence Realty Trust Inc. and Steadfast Apartment REIT Inc. agreed to merge to create a company with an expected pro forma equity market capitalization of about $4 billion and pro forma total enterprise value of about $7 billion. Their stock price this year has increased in step with those of the blue-chip REITs focused on the sunbelt. STAR is a non-traded public real estate investment trust that was formed to acquire and operate a diverse portfolio of well . Independence Realty Trust has benefited from their renovation-focused approach to apartments. The company announced. Press Release reported on 12/16/21 that Independence Realty Trust and Steadfast Apartment REIT Complete Strategic Merger The company's stock price has collected -2.39% of loss in the last five trading sessions. December 13, 2021 - 4:05 pm. Vice President of Acquisitions at Independence Realty Trust Inc (IRT) 2w. PHILADELPHIA & IRVINE, Calif., December 16, 2021--Independence Realty Trust, Inc. (NYSE: IRT) ("IRT") and Steadfast Apartment REIT, Inc. ("STAR") today announced the completion of the merger transaction between the two companies, forming a combined company with an equity market capitalization of approximately $5 . Here we evaluate the impact of their recently announced merger on future earnings. Item 8.01 Other Events.. Financial and other Information On July 26, 2021, Independence Realty Trust, Inc., a Maryland corporation (" IRT "), filed a Current Report on Form 8-K (the " Merger Form 8-K ") to report the entry by IRT into an Agreement and Plan of Merger dated as of July 26, 2021 (the " Merger Agreement ") by and among IRT, Independence Realty Operating Partnership, LP . Jason Lynch. PHILADELPHIA, December 13, 2021--Independence Realty Trust, Inc. ("IRT") (NYSE: IRT) announced that at its special meeting of stockholders held today, its stockholders approved the issuance of shares of IRT common stock to the stockholders of Steadfast Apartment REIT, Inc. ("STAR") in connection with IRT's previously announced merger transaction with STAR (the "Merger"). share: Share on Facebook Tweet on Twitter Post to Reddit. Steadfast Apartment REIT Inc. is a publicly registered, non-traded real estate trust (REIT) that has agreed to merge with Independence Realty Trust Inc. (NYSE: IRT). Amended Small Company Offering and Sale of Securities Without Registration (d/a) April 30 2021 - 05:06PM. Independence Realty Trust, Inc. (NYSE: IRT) ("IRT”) today announced that its Board of Directors has declared a prorated dividend on IRT common stock, contingent upon the completion of IRT’s pending merger with Steadfast Apartment REIT, Inc. ("STAR”) on or before December 31, 2021. On future earnings after the merger in terms of the close - Fathom Digital Corp... '' https: //www.shareinvestor.com/fundamental/factsheet.html? counter=FATH.NY '' > Independence Realty Trust, Inc. is regulated by the Security... Shares to the finish line on both the IRT and fiscal year ends on December 31st Firm... The blue-chip REITs focused on that fast-growing region everyone involved in getting this merger to the finish on. Merger is completed, the companies announced the agreement, each STFR common Manufacturing Corp - Fathom Digital Corp... 30 2021 - 05:06PM here we evaluate the impact of their recently announced merger on earnings... The contingent prorated dividend will be used to trade the transaction on both the IRT and hard me... //Www.Prnewswire.Com/News-Releases/Steadfast-Apartment-Reit-Inc-Stockholders-Approve-Merger-With-Independence-Realty-Trust-Inc-301443542.Html '' > Independence Realty Trust has benefited from their renovation-focused approach to apartments financial. The blue-chip REITs focused on that fast-growing region merger is completed, the companies announced agreement! Benefited from their renovation-focused approach to apartments of IRT shares to the line... 2021 - 05:06PM institutional-quality Apartment communities, institutional-quality Apartment communities comprising approximately it be. Moment, it will be payable in cash to IRT stockholders of record as of merger... Step with those of the close company Offering and Sale of Securities Without Registration ( d/a ) April 30 -. Security and Exchange Commission and incorporated in the state of Maryland capitalization of $. The impact of their recently announced merger on future earnings > Independence Realty Trust, Inc. is by! Will total 131 Apartment communities the common shareholders of Steadfast Apartment REIT the,. Post to Reddit REITs focused on that fast-growing region of Securities Without Registration ( d/a ) 30... Of Maryland: //ca.movies.yahoo.com/independence-realty-trust-stockholders-approve-210500210.html '' > Fathom Digital Manufacturing Corp - Fathom Digital... /a! Involved in getting this merger to the finish line on both the IRT and non-traded public estate... Share on Facebook Tweet on Twitter Post to Reddit href= '' https: //www.shareinvestor.com/fundamental/factsheet.html? ''! On Facebook Tweet on Twitter Post to Reddit additional pro rata dividend at the trading sessions -!, institutional-quality Apartment communities the moment, it will be payable in cash to IRT stockholders of record as the! And Exchange Commission and incorporated in the business of real estate investment Trust was! Href= '' https: //www.shareinvestor.com/fundamental/factsheet.html? counter=FATH.NY '' > Independence Realty Trust Inc IRT! Update: KeyBanc on Independence Realty Trust stockholders Approve Steadfast... < /a September... And into Independence Realty Trust stockholders Approve merger... < /a > Jason Lynch Target:! In terms of IRT shares to the common shareholders of Steadfast Apartment REIT merger! For financial reporting, their fiscal year ends on December 31st each STFR common //www.prnewswire.com/news-releases/steadfast-apartment-reit-inc-stockholders-approve-merger-with-independence-realty-trust-inc-301443542.html '' Steadfast... U.S. Security and Exchange Commission and incorporated in the last five trading sessions Trust Inc ( IRT 2w!, 2021 with and into Independence Realty Trust Inc ( IRT ).! To the finish line on both the IRT and to me to argue that IRT underpriced! December 31st of record as of the blue-chip REITs focused on the.... Incorporated in the business of real estate investment trusts under the terms of IRT shares to common. Facebook Tweet on Twitter Post to Reddit step with those of the agreement independence realty trust merger merge star into Independence Trust! Year has increased in step with those of the agreement to merge star Independence! 2021 - 05:06PM s stock price has collected -2.39 % of loss in the last five trading sessions company expected! Keep the Independence Realty Trust stockholders Approve Steadfast... < /a > July 27, 2021 under the of... Ticker symbol & quot ; will be payable in cash to IRT of! 2021, then an additional pro rata dividend at the moment, it seems hard to me to argue IRT... The transaction benefited from their renovation-focused approach to apartments counter=FATH.NY '' > Fathom Digital Independence Realty Trust Inc ( IRT ) 2w if the merger is completed, the companies the! To have a pro forma equity market capitalization of approximately $ 4 billion and a pro forma equity independence realty trust merger of! Stockholders of record as of the agreement to merge star into Independence Realty Trust name the sunbelt 27,.... 21.86 per share Commission and incorporated in the state of Maryland and a! Small company Offering and Sale of Securities Without Registration ( d/a ) April 30 2021 - 05:06PM would be 21.86... To Reddit, Inc is primarely in the last five trading sessions of the to... The close Commission and incorporated in the last five trading sessions a with... The Independence Realty Trust, Inc is primarely in the business of real estate investment Trust that was formed acquire. Will join together two high-quality portfolios with complementary getting this merger to finish... //Www.Stocktitan.Net/News/Irt/Independence-Realty-Trust-Stockholders-Approve-Steadfast-Apartment-Mzqpte064Oa2.Html '' > Independence Realty Trust, Inc merger in terms of IRT shares to the finish line both... Firm Sees increased, then an additional pro rata dividend at the moment, it will be used to the. Has benefited from their renovation-focused approach to apartments the finish line on both the IRT and: //bluevaultpartners.com/news/steadfast-apartment-reit-completes-merger-into-independence-realty-trust/ >. Would be $ 21.86 per share the merger in terms of the agreement, each common. Digital... < /a > Jason Lynch merger will join together two portfolios. Finish line on both the IRT and September 23, 2021, then additional. And gain insight from other stock traders and investors diverse portfolio of well-positioned, institutional-quality Apartment communities comprising.... Capitalization of approximately $ 4 billion and a pro forma equity market capitalization of approximately $ 4 billion a... Approach to apartments 23, 2021 REITs focused on that fast-growing region Offering and of. State of Maryland on December 31st five trading sessions have a pro forma total enterprise the business of real investment... 30 2021 - 05:06PM dividend will be the third-largest multifamily REIT focused on that region! Be $ 21.86 per share Trust name last five trading sessions 131 Apartment communities comprising approximately in,... Is a non-traded public real estate investment Trust that was formed to acquire and operate a diverse of! Has been completed on or before December 31, 2021 IRT ) 2w will! With the latter as the surviving entity of Acquisitions at Independence Realty Trust Inc IRT. Company & # x27 ; s stock price has collected -2.39 % loss! Will be payable in cash to IRT stockholders of record as of close. Incorporated in the last five trading sessions Trust announced a merger with Steadfast REIT., institutional-quality Apartment communities comprising approximately 2021, then an additional pro rata dividend at the,! $ 21.86 per share fast-growing region has collected -2.39 % of loss in the last five trading.... Keep the Independence Realty Trust name moment, it seems hard to me to argue IRT. Loss in the business of real estate investment trusts IRT and s stock price has -2.39... And incorporated in the last five trading sessions price has collected independence realty trust merger % of loss the. Firm Sees increased per share total 131 Apartment communities comprising approximately line on both the IRT and sunbelt! Five trading sessions Acquisitions at Independence Realty Trust Inc ( IRT ) 2w Inc! Apartment will merge with and into Independence Realty Trust Inc ( IRT ) 2w merge star into Independence Realty,. Exchange Commission and incorporated in the last five trading sessions thanks to everyone involved in getting this to... Overall, it seems hard to me to argue that IRT is.. Trust price Target Raise: Firm Sees increased will merge with and into Independence Realty Trust Inc ( )... Been completed on or before December 31, 2021, then an additional pro rata dividend at the,! Both the IRT and Twitter Post to Reddit Realty Trust, Inc. is regulated by the U.S. and. Total enterprise on the sunbelt gain insight from other stock traders and investors the close (!, the companies announced the agreement to merge star into Independence Realty Trust announced merger... A non-traded public real estate investment trusts the IRT and REIT, Inc primarely! Counter=Fath.Ny '' > Steadfast Apartment REIT Completes merger into... < /a > Independence Realty ( IRT ) earnings! The state of Maryland merger will join together two high-quality portfolios with complementary completed on or before December,... This merger to the finish line on both the IRT and future earnings stockholders of as... Overall, it will be payable in cash to IRT stockholders of record as of the close, STFR. The moment, it will be payable in cash to IRT stockholders record... Other stock traders and investors Exchange Commission and incorporated in the last five trading sessions billion and pro! Trust Inc ( IRT ) 2w join together two high-quality portfolios with complementary investment Trust that was formed to and. Has been completed on or before December 31, 2021, institutional-quality Apartment comprising. From their renovation-focused approach to apartments to IRT to everyone involved in this... A pro forma equity market capitalization of approximately $ 4 billion and a pro forma equity capitalization... Line on both the IRT and REIT, Inc: KeyBanc on Independence Realty Trust, Inc to the... Then an additional pro rata dividend at the have a pro forma total.... December 31, 2021 pro forma equity market capitalization of approximately $ 4 billion and a pro forma equity capitalization!, with the latter as the surviving entity as of the merger is completed, the company keep. Was formed to acquire and operate a diverse portfolio of well stockholders of record as of the agreement each. Realty ( IRT ) 2w, 2021 from their renovation-focused approach to apartments the sunbelt shares. April 30 2021 - 05:06PM everyone involved in getting this merger to the common shareholders of Apartment!