Independence Realty bets on Midwest in $8.1 billion apartment REIT deal

Purchase of Centerspace reflects push for scale, diversification beyond Sun Belt

Among Centerspace's largest apartment properties is the 328-unit Lugano at Cherry Creek in Denver. (CoStar)

CoStar News

September 9, 2026 | 6:57 P.M.

Multifamily REIT Independence Realty Trust is buying its way into the Midwest and Mountain West.

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Properties
- Lugano at Cherry Creek
  9601 Iliff Ave, Denver, CO
Companies
- Independence Realty Trust, Inc.
  Real Estate
- Centerspace
  Real Estate
Contacts
- Scott Schaeffer
  Chairman & Chief Executive Officer, Independence Realty Trust, Inc.
- James Sebra
  Chief Financial Officer & President, Independence Realty Trust, Inc.
- Anne Olson
  President and Chief Executive Officer, Centerspace