04:23 AM EDT, 09/04/2024 (MT Newswires) -- Independence Realty Trust ( IRT ) said Wednesday it has priced a public offering of 10 million common shares at $19.75 per share.

Underwriters have been granted a 30-day option to buy up to 1.5 million additional shares.

Net proceeds from the offering, which is set to close around Thursday, will be used to fund potential acquisitions, or for general corporate purposes.

Price: 19.85, Change: -0.83, Percent Change: -4.01