Business
Sachem Capital Corp. and Industrial Realty Group Announce Strategic Combination to Create IRG Realty Trust, a Top-10 Public Industrial REIT
Sachem Capital Corp. (NYSE American: SACH) ("Sachem"), a real estate lender specializing in originating, underwriting, funding, servicing, and managing a portfolio of loans secured by first mortgages on real property, and Industrial Realty Group ("IRG"), a private real estate development and investment firm specializing in the acquisition, development and management of commercial and industrial real estate throughout the United States, today announced that they have entered into a definitive con
About this update from Sachem Capital Corp.
[{"type":"text","content":"IRG 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)","length":168,"tagName":"p","attribs":{}},{"type":"text","content":"Repositions Sachem into an industrial platform with multiple growth levers, including significant embedded upside from mark-to-market rent growth","length":145,"tagName":"p","attribs":{}},{"type":"text","content":"Industrial portfolio comprised of mission-critical infrastructure, manufacturing and distribution tenants ","length":105,"tagName":"p","attribs":{}},{"type":"text","content":"Transaction values Sachem common shares at $2.00 per share, which represents a 90% premium to the 30-day VWAP","length":109,"tagName":"p","attribs":{}},{"type":"text","content":"Meaningful alignment with investors through economic ownership; IRG to own ~94.1% of combined company via OP units; Sachem existing shareholders to own ~5.9%","length":157,"tagName":"p","attribs":{}},{"type":"text","content":"Companies to host combined conference call at 8:00am ","length":52,"tagName":"p","attribs":{}},{"type":"text","content":"BRANFORD, Conn. and LOS ANGELES, May 18, 2026 /PRNewswire/ -- Sachem Capital Corp. (NYSE American: SACH) ("Sachem"), a real estate lender specializing in originating, underwriting, funding, servicing, and managing a portfolio of loans secured by first mortgages on real property, and Industrial Realty Group ("IRG"), a private real estate development and investment firm specializing in the acquisition, development and management of commercial and industrial real estate throughout the United States, today announced that they have entered into a definitive contribution agreement under which IRG will contribute 98 industrial assets from its 200-asset portfolio owned by IRG and/or its partners to Sachem, and once completed, the combined company will operate as IRG Realty Trust, Inc. ("IRGT").","length":827,"tagName":"p"},{"type":"text","content":"Upon closing, IRGT is expected to own 98 industrial properties with gross real estate asset value of $2.9 billion plus Sachem's approximately $470 million of total assets (as of March 31, 2026) in direct and indirect mortgage loans, investments in developmental and owned real estate, and other assets. IRGT is expected to have an i...