Sachem Capital Corp. Combines with Industrial Realty Group to Form Top-10 Public Industrial REIT
Sachem Capital Corp (NYSE American: SACH) and Industrial Realty Group have announced a strategic combination, creating IRG Realty Trust Inc., which will own 98 industrial properties valued at $2.9 billion. The combined entity is expected to operate as one of the top-10 public industrial REITs with an implied enterprise value of approximately $3.4 billion.
Tickers: $SACH
Topics: corporate restructuring industrial REITs public offering real estate