Form-8K-9.28.22-Declaration-of-1.50-Dividend. Note: All prices have a 15 minute delay. #primary-menu .dropdown-menu.show{ padding-left: 0; newh = (e.gh[ix] * m) + (e.tabh + e.thumbh); window.rs_init_css.innerHTML += "#"+e.c+"_wrapper { height: "+newh+"px }"; 0 : e.tabh; Access this case on the New York Southern District Court's Electronic Court Filings (ECF) System.
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Independence Realty Trust and Steadfast Apartment REIT Complete We remain on-track to generate approximately $28 million in annual synergies and realize the immediate accretion to Core FFO per share. 0 : e.rl[i]; document.getElementById(e.c).height = newh+"px"; More information may be found on IRT’s website www.irtliving.com. text-transform: uppercase !important; These statements are based on managements current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. STAR undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. } } .ewd-ufaq-faqs .printfriendly{ We also use them to share usage information with our partners. Portfolio Optimization and Capital Allocation Update. background-size: 360px auto; SRP/Tender: Share repurchase or tender program which permits shareholders to sell their shares back to the company, subject to limitations. Discover the Untapped Potential of Gold: Download Free Insight Report Now, This Gold Producer and Exploration Company Signs Royalty Buyback Option Agreement With Gold Royalty, Online Betting and Sports Markets are Set for Growth and this Company is Primed to Take Advantage, Cineplex theatres keen to capitalize on 'Barbenheimer' mania, Guardforce AI stock up on robotic partnership news, British watchdog seeks deeper probe into Uni-Select-LKQ deal, Renewable energy stock Three Sixty Solar signs first sale deal, Electra Battery Materials extends cobalt agreement with LG, This is the only junior mining company operating in Northern Ireland, Westhavens robust economics are a solid foundation to expand gold-silver inventory, Arbor Metals aims to increase government support with new hire, Reliq Health Technologies deploys AI solutions with key clients, Klondike Gold strikes visible gold in Yukon. sl; Jessica Norman, formerly IRT’s Executive Vice President and General Counsel, serves as Chief Legal Officer of the combined company. border-bottom: solid 1px #163a64; About Independence Realty Trust, Inc. img#wpstats{display:none} var pw = document.getElementById(e.c).parentNode.offsetWidth, Data provided for free by TradingView. IRT aims to provide stockholders attractive risk-adjusted returns through diligent portfolio management, strong operational performance, and a consistent return on capital through distributions and capital appreciation. IRT’s investment strategy is focused on gaining scale within key amenity rich submarkets that offer good school districts, high-quality retail and major employment centers. Equity capital raised during offering periods, including DRIP proceeds.
HQ: Philadelphia, PA, United States
REIT Sector: Residential, See IRT on Yahoo Finance
Below are the FFO amounts, dividends, and payout ratios for the last two quarters for IRT. .ewd-ufaq-faqs .printfriendly{ try { In-Process: The investment program has commenced liquidation of its investment portfolio, has announced a merger or sale that has not yet been consummated, or has yet to provide common shareholders with full liquidity for their shares with cash and/or listed stock.
Steadfast Apartment REIT Completes Merger into Independence Realty Trust Pursuant to the Agreement and Plan of Merger dated as of July 26, 2021, STAR merged with and into a wholly-owned subsidiary of IRT (with such IRT subsidiary surviving), and Steadfast Apartment REIT Operating . You may share a link to this page on any of the sites listed below or send link via email: Copyright 2023 Bragar Eagel & Squire, P.C. margin-left: 0; PRESS RELEASE: FREIT Announces Special Share Distribution | Download. Independence Realty Trust, Inc. These stocks are paving the way in their respective industries, making them fantastic picks for long-term investors. right: 0; line-height: 31px;
Independence Realty Trust and Steadfast Apartment REIT Complete color: #f79320; overflow: hidden; .ewd-ufaq-post-margin-symbol{ 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. } This REIT made two announcements that sent shares plunging. In-Process: The investment program has commenced liquidation of its investment portfolio, has announced a merger or sale that has not yet been consummated, or has yet to provide common shareholders with full liquidity for their shares with cash and/or listed stock.
United States.
Independence Realty Trust and Steadfast Apartment Merge e.tabw = e.tabw===undefined ? AI Developments Expected to Fuel and Shape Data Centers, Nareit's REITworld: 2023 Annual Conference. Pursuant to the merger, shareholders in STAR received, in aggregate, in exchange for their shares of common stock, approximately 99.7 million shares of IRT common stock, and limited partners in the Operating Partnership, received, in aggregate, in exchange for their partnership units, approximately 6.4 million IRT OP common units. div.ufaq-faq-title h4{ Steadfast Apartment REIT, Inc. is a real estate investment trust that was formed to acquire and operate a diverse portfolio of well-positioned, institutional-quality apartment communities in targeted markets throughout the United States that have demonstrated high occupancy and income levels across market cycles. color: #f98e11 !important; At such time, in accordance with the applicable provisions of the Maryland General Corporation Law and the Maryland Limited Liability Company Act, the separate existence of the Company ceased. REITs invest in the majority of real estate property types, including offices, apartment buildings, warehouses, retail centers, medical facilities, data centers, cell towers, infrastructure and hotels. } To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 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. 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. Independence Realty Trust Inc. | 4,562 followers on LinkedIn. 0 : parseInt(e.tabw); console.log("Failure at Presize of Slider:" + e) var advadsCfpQueue = []; BESPC has conducted an investigation and believes that there is a valid basis to assert claims against the Company and its directors and/or officers for breach of fiduciary duties and other applicable laws. What to Know Before Payments Resume, Wind, Solar and EVs Offer Japan Cheapest Net Zero Climate Path, Canada Bans Some Fossil Fuel Subsidies, Meeting Decade-Old G-20 Pledge, Mass Shootings Disproportionately VictimizeBlack Americans, In Houston, a Net-Zero Building Takes Inspiration From the Bayou, Crowded Singapore Makes Room forMicrogyms, Binance, Billionaire Zhao to Seek Dismissal of CFTC Lawsuit, Sam Bankman-Fried Agrees to Gag Order With Bail Status in Jeopardy, Stan Lee NFT Collection Sells Out Almost Instantly, Rises 500%. 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. } Please go to the link in the email message to retrieve your password. IRT@edelman.com, Internet Explorer presents a security risk. @media (max-width: 767px) { On December 16, 2021, the Company merged with and into IRT Merger Sub, with IRT Merger Sub surviving as a wholly-owned subsidiary of IRT. .ufaq-faq-body { The combined company, headquartered in Philadelphia, Pennsylvania, will retain the Independence Realty Trust name and will trade under the existing ticker symbol IRT on the New York Stock Exchange. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. We use the Blue Vault Partners Nontraded REIT Review to keep us informed of the performance of every single nontraded REIT. advads_items = { conditions: {}, display_callbacks: {}, display_effect_callbacks: {}, hide_callbacks: {}, backgrounds: {}, effect_durations: {}, close_functions: {}, showed: [] }; var nl = new Array(e.rl.length), } REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. 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The show examines all aspects of the legal profession, from intellectual property to criminal law, from bankruptcy to securities law, drawing on the deep research tools of BloombergLaw.com and BloombergBNA.com. .tribe-events-single-event-title{ Note: Past performance is no guarantee of future results. IRT expects to receive total gross proceeds of approximately $404 million for the nine assets sold, representing an economic cap rate of approximately 3.8%. } None: The investment program does not have an intermittent liquidity program, but shareholders will receive liquidity upon termination or liquidity event at the end of the investment term. img#wpstats{display:none} All statements that address financial and operating performance, events or developments that we expect or anticipate will occur or be achieved in the future are forward-looking statements. } 1st Quarter 2022 Earnings | Download. background-color: transparent; content: "";
Independence Realty, Steadfast Apartment REIT Reach $7B Merger Deal Listing Status: Public
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0 : parseInt(e.thumbhide); for (var i in e.rl) if (e.gw[i]===undefined || e.gw[i]===0) e.gw[i] = e.gw[i-1]; See more news headlines for Independence Realty Trust, Inc. See more community comments related to IRT, Mid-America Apartment Communities, Inc. (MAA), Apartment Investment & Management Co. (Aimco) (AIV), @ $14.41 per share you would have been able to buy, On 2023-07-21 these 69 shares would be worth, On 2023-07-21 these 34 shares would be worth, On 2023-07-21 these 17 shares would be worth, On 2023-07-21 these 6 shares would be worth, On 2023-07-21 these 3 shares would be worth, IRT Reit - Independence Realty Trust Increases Quarterly Dividend By 14% -, IRT Reit - Independence Realty Trust Announces First Quarter 2023 Financial Results -, IRT Reit - Independence Realty Trust Announces Leadership Update and First Quarter 2023 Dividend -, IRT Reit - Independence Realty Trust Announces Fourth Quarter and Full Year 2022 Financial Results -, IRT Reit - Independence Realty Trust Announces Tax Treatment of Dividends in 2022 -, No, based on the press release they are talking about a merger between, Interesting, I looks forward to see if Steadfast which is a private REIT (https://www.reitnotes.com/reit/Steadfast-Apartment-REIT-Inc/symbol/1585219) will become public like. } e.gh = Array.isArray(e.gh) ? This docket was last retrieved on December 3, 2021. e.thumbh = e.thumbhide>=pw ? e.tabh = e.tabhide>=pw ? content: "";
Steadfast Apartment REIT's Merger with Independence Realty Trust .woocommerce-product-gallery{ opacity: 1 !important; } Neither IEX, TradingView, REITNotes.com, nor any of the data providers are liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein.
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