SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Centerspace (NYSE – CSR)
BALA CYNWYD – September 9, 2026 /Globe Newswire/ – Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Centerspace (“Centerspace” or the “Company”) (NYSE – CSR) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to Independence Realty Trust, Inc. (NYSE – IRT) in an all-stock transaction whereby Centerspace shareholders will receive 3.800 shares of IRT common stock for each share of Centerspace common stock owned. Holders of common units in Centerspace’s operating partnership will receive 3.800 common units in IRT’s operating partnership. Upon closing, IRT stockholders will own approximately 78% and Centerspace shareholders will own approximately 22% of the combined company’s equity on a fully diluted basis, excluding preferred units.
The investigation concerns whether the Centerspace Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the proposed transaction is paying fair value to shareholders of the Company.
If you own shares of Centerspace stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman by email at clients@brodsky-smith.com, or call toll free 855-576-4847.
Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.