Industrial Realty Group will contribute 98 industrial properties to Sachem Capital Corp. in a transaction that will transform Sachem into a publicly traded industrial REIT operating as IRG Realty Trust Inc.
Upon closing, the combined company is expected to own industrial real estate with a gross asset value of approximately $2.9 billion alongside Sachem’s roughly $470 million of assets as of March 31, 2026, resulting in an implied enterprise value of about $3.4 billion. The transaction is expected to position IRGT among the 10 largest publicly listed industrial REITs by enterprise value, focused on mission-critical industrial infrastructure supporting manufacturing and distribution tenants. The contributed portfolio includes 98 geographically diversified industrial properties with significant mark-to-market rent growth opportunities, according to the companies. IRG Realty Advisors, IRG’s wholly owned property and asset management platform, is expected to oversee day-to-day property and asset management operations following closing.
Scotiabank is serving as financial advisor to IRG, with King & Spalding acting as legal counsel. Sachem is being advised by Piper Sandler, Stout Risius Ross and Morrison & Foerster, while ICR is serving as strategic communications advisor.