Post-merger, the company will operate under the Independence Realty Trust banner and trade under the same stock symbol. Upon completion of the merger, the company will retain the Independence Realty Trust name and will trade under the ticker symbol "IRT" (NYSE). At the moment, it seems hard to me to argue that IRT is underpriced. 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. The company's stock price has collected -2.39% of loss in the last five trading sessions. 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. Ticker: IRT. Do NOT follow this link! December 13, 2021 - 4:05 pm. Vice President of Acquisitions at Independence Realty Trust Inc (IRT) 2w. In July, the companies announced the agreement to merge STAR into Independence Realty ( IRT ). 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. Independence Realty Trust (NYSE: IRT) is a real estate investment trust that owns and operates multifamily apartment properties across non-gateway U.S. markets, including Atlanta, Dallas . Share your opinion and gain insight from other stock traders and investors. 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 (NYSE: IRT), a multifamily real estate investment trust (REIT), has been anxiously awaiting the approval of the merger with Steadfast Apartment REIT.The company announced . 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. 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 . Independence Realty Trust Inc. (NYSE:IRT) went up by 0.72% from its latest closing price compared to the recent 1-year high of $25.86. 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, 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 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. September 23, 2021. After the merger is completed, the company will keep the Independence Realty Trust name. share: Share on Facebook Tweet on Twitter Post to Reddit. 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 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. Independence Realty Trust Agrees to Merger Deal With Steadfast Apartment REIT Published: July 26, 2021 at 5:29 p.m. Calling it a "merger of equals," Independence Realty Trust Inc. and Steadfast Apartment REIT Inc. plan to merge creating a company with an enterprise value of $7 billion that will own 131 . Overall, it will be the third-largest multifamily REIT focused on that fast-growing region. Independence Realty Trust has benefited from their renovation-focused approach to apartments. 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). Independence Realty Inc Trust . Their stock price this year has increased in step with those of the blue-chip REITs focused on the sunbelt. July 27, 2021. INDEPENDENCE REALTY INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Merger of Independence Realty Trust, Inc. - IRT Nov 22, 2021 7:53 AM ET Legal . Report this post. 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. If the merger has been completed on or before December 31, 2021, then an additional pro rata dividend at the. PHILADELPHIA, PA - Dec. 13, 2021. ET 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 . 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. Find the latest Independence Realty Trust, Inc. (IRT) stock discussions in Yahoo Finance's forum. STAR is a non-traded public REIT that was formed to acquire and operate a diverse portfolio of well-positioned, institutional-quality apartment communities. 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 . SECURITIES AND EXCHANGE COMMISSION. Securities Act File No. 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 . Benzinga - Jul 26, 2021, 4:04PM. 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. Stockholders Approve Merger with Independence Realty Trust, Inc. | Nachricht | finanzen.net Independence Realty Trust and Steadfast Apartment REIT Complete Strategic Merger. The big news for Independence Realty is its merger with STAR. Jason Lynch. 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. 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. (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. 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 . Under the terms of the agreement, each STFR common. Independence Realty Trust Stockholders Approve Steadfast Apartment REIT Merger. Independence Realty Trust Inc. Steadfast Apartment will merge with and into Independence Realty, with the latter as the surviving entity. Amended Small Company Offering and Sale of Securities Without Registration (d/a) April 30 2021 - 05:06PM. 2021 (the last business day prior to the anticipated closing date of the Company's pending merger with Independence Realty Trust, Inc. ("IRT")) at the Historical Rate. 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 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). 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. Independence Realty Trust, Inc. is regulated by the U.S. Security and Exchange Commission and incorporated in the state of Maryland. 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. Steadfast Apartment REIT, Inc. 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 . Steadfast Apartment REIT, Inc. 333-100654 . 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"). 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. Independence Realty Trust, Inc. 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