Independence Realty Trust (IRT) Announces Public Offering of 14M Shares of Common Stock
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Independence Realty Trust, Inc. Announces Public Offering of 14,000,000 Shares of Common Stock
July 26, 2021 4:21 PM EDTPHILADELPHIA--(BUSINESS WIRE)-- Independence Realty Trust, Inc. (NYSE: IRT) (IRT) today announced that it is commencing an underwritten public offering of 14,000,000 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 2,100,000 additional shares of common stock.
Barclays, BMO Capital Markets and Citigroup are acting as joint book-running managers of the offering.
IRT expects to enter into a forward sale agreement with each of Bank of Montreal and Barclays Capital Inc., or one of their... More
