Sachem Capital Corp., 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, have 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).
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
