On May 18, Sachem Capital and IRG announced a definitive merger agreement to combine 98 industrial assets to form IRG Realty Trust. The transaction values Sachem common shares at $2.00 per share, representing a 90% premium to the 30-day VWAP. IRG will own approximately 94.1% of the combined company, while existing Sachem shareholders will own approximately 5.9%. The transaction is expected to close by the end of 2026, subject to shareholder approval. The deal aims to provide significant growth opportunities through industrial rent growth, acquisitions, and lending activities.
