Sachem Capital and IRG announce $3.4 billion industrial REIT merger
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Sachem Capital Corp. and Industrial Realty Group Announce Strategic Combination to Create IRG Realty Trust, a Top-10 Public Industrial REIT
May 18, 2026 6:10 AM EDTIRG to contribute 98 industrial assets to create a scaled industrial REIT with an implied combined enterprise value of approximately $3.4 billion (as of March 31, 2026)
Repositions Sachem into an industrial platform with multiple growth levers, including significant embedded upside from mark-to-market rent growth
Industrial portfolio comprised of mission-critical infrastructure, manufacturing and distribution tenants
Transaction values Sachem common shares at $2.00 per share, which represents a 90% premium to the 30-day VWAP
Meaningful alignment with investors through economic ownership; IRG to own ~94.1% of... More
