Investor rights law firm Halper Sadeh LLC is investigating the proposed merger between Independence Realty Trust (NYSE: IRT) and Centerspace (NYSE: CSR). The inquiry focuses on whether the transaction provides a fair price for shareholders of both entities and if their respective boards fulfilled their fiduciary duties.

Investigation Scope

The legal review examines potential violations of federal securities laws and breaches of fiduciary duty by the boards of both Independence Realty and Centerspace. Key concerns include whether directors failed to obtain the best possible price for shareholders and whether they conducted a fair sales process free from conflicts of interest. The firm also questions if all material information necessary for shareholders to evaluate the deal was properly disclosed.

Deal Structure and Concerns

Under the proposed terms, Centerspace shareholders will receive 3.800 shares of Independence Realty common stock for each share of Centerspace common stock. Upon closing, Independence Realty shareholders are set to own approximately 78% of the combined entity. Halper Sadeh notes that insiders may stand to receive substantial financial benefits not available to ordinary shareholders. Additionally, the proposed transaction may contain terms that could limit superior competing offers, potentially restricting shareholder options.

Shareholder Rights

The law firm encourages affected investors from both companies to contact them to discuss their rights and options at no cost or obligation. Halper Sadeh represents investors globally who have faced securities fraud and corporate misconduct. The firm operates on a contingent fee basis, meaning clients are not responsible for out-of-pocket payment of legal fees or expenses unless a recovery is secured.

On behalf of shareholders, the firm may seek increased consideration, additional disclosures, or other relief and benefits from the merger process.

Independence Realty Trust, Inc. (NYSE: IRT) has declared a quarterly dividend of $0.18 per share for the third quarter of 2026. The board of directors approved the distribution, which targets shareholders holding common stock.

The dividend is payable on October 23, 2026. To qualify for the payout, investors must hold shares by the close of business on the record date of September 30, 2026.

About Independence Realty Trust

Independence Realty Trust is an S&P 400 MidCap company focused on owning and operating multifamily communities in non-gateway U.S. markets. The firm’s investment strategy emphasizes scale near major employment centers within amenity-rich submarkets featuring strong school districts and high-quality retail options.

The company aims to deliver attractive risk-adjusted returns through diligent portfolio management and consistent capital distributions. Further details are available at www.irtliving.com .

Investor Relations

• Contact: Stephanie Krewson-Kelly
• Phone: 267-270-4815
• Email: SKrewson@IRTLiving.com