Sachem Capital Corp. and Industrial Realty Group Announce Strategic Combination to Create IRG Realty Trust, a Top-10 Public Industrial REIT
Sachem Capital Corp. and Industrial Realty Group announced a strategic combination where IRG will contribute 98 industrial assets to Sachem, creating IRG Realty Trust (IRGT) with an implied enterprise value of approximately $3.4 billion. The deal transforms Sachem from a subscale mortgage REIT to a top-10 publicly listed industrial REIT that focuse…