IRT: Material agreement

Item 1.01. Entry into a Material Definitive Agreement As previously disclosed, on September 8, 2026, Independence Realty Trust, Inc., a Maryland corporation (“ IRT ”), Independence Realty Operating Partnership, LP, a Delaware limited partnership and a subsidiary of IRT (“ IRT OP ”), and Islanders OP Sub, LLC, a Delaware limited liability company and direct wholly owned subsidiary of IRT OP (“ IRT OP Merger Sub ”), entered into an Agreement and Plan of Merger (the “ Original Merger Agreement ”) with Centerspace, a North Dakota real estate investment trust (“ CSR ”), and Centerspace, LP, a North Dakota limited partnership (“ CSR OP ”), pursuant to which (i) a wholly owned subsidiary of IRT to be added to the Original Merger Agreement by joinder (“ IRT Merger Sub ”) would merge with and into CSR (the “ Company Merger ”), with CSR surviving the Company Merger as a wholly owned subsidiary of IRT and (ii) following the Company Merger, IRT OP Merger Sub would merge with and into the Company OP (the “ Partnership Merger ”), with the CSR OP surviving the Partnership Merger as a subsidiary of IRT OP. As previously disclosed, prior to the date on which the definitive Form S-4 and joint proxy statement are filed with the Securities and Exchange Commission (the “ SEC ”), and subject to certain conditions being met, under the Original Merger Agreement, IRT had the right to elect to modify (i) the structure of the Company Merger so that CSR merges with and into IRT Merger Sub, with IRT Merger Sub surviving (rather than IRT Merger Sub merging with and into CSR), and/or (ii) the structure of the Partnership Merger so that the CSR OP merges with and into IRT OP, with IRT OP surviving (rather than IROP Merger Sub merging with and into the Company OP) (the “ Alternative Structure ”). On Se