Centerspace Enters into Amendment to Merger Agreement

Centerspace, a North Dakota real estate investment trust, along with Independence Realty Trust, Inc. (IRT) and their subsidiaries, have entered into an Amendment to their Agreement and Plan of Merger. This amendment, dated September 22, 2026, modifies the structure of the previously announced merger. Specifically, IRT has elected to implement an alternative structure for the Company Merger, where Centerspace will merge with and into IRT Merger Sub, with IRT Merger Sub surviving. This change alters the original plan where IRT Merger Sub would merge with and into Centerspace. The amendment also includes a waiver from IRT and its subsidiaries for any representation inaccuracies solely caused by this Alternative Structure. The merger is still subject to shareholder approvals and other conditions. The filing also details the process for obtaining further information regarding the transaction, including the Form S-4 registration statement and joint proxy statement/prospectus to be filed with the SEC.