INDT INDUS Realty Trust Inc

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES                                                                                   
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940                       

1. Name and Address of Reporting Person * Conversant Capital LLC	2. Issuer Name and Ticker or Trading Symbol INDUS REALTY TRUST, INC. [ INDT ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director                    __X__ 10% Owner _____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle) 25 DEFOREST AVENUE, 3RD FLOOR	3. Date of Earliest Transaction (MM/DD/YYYY) 10/8/2021
(Street) SUMMIT, NJ 07901 (City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) ___ Form filed by One Reporting Person _ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.01 per share	10/8/2021		P		200000	A	$66	533333	I	See footnotes. (1)(2)
Common Stock, par value $0.01 per share								515755	I	See footnotes. (2)(3)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:
(1)	These shares of the Issuer's Common Stock are held by CM Change Industrial II LP.
(2)	Conversant GP Holdings LLC ("Conversant GP"), as the general partner of CM Change Industrial LP and CM Change Industrial II LP, Conversant Capital LLC ("Conversant Capital"), as the investment manager of CM Change Industrial LP and CM Change Industrial II LP, and Mr. Simanovsky, as the sole managing member of Conversant GP and Conversant Capital, may be deemed to beneficially own the securities owned directly by CM Change Industrial LP and CM Change Industrial II LP, but each of them disclaims beneficial ownership of such securities except to the extent of such person's pecuniary interest therein.
(3)	These shares of the Issuer's Common Stock are held by CM Change Industrial LP.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Conversant Capital LLC 25 DEFOREST AVENUE 3RD FLOOR SUMMIT, NJ 07901		X
Conversant GP Holdings LLC 25 DEFOREST AVENUE 3RD FLOOR SUMMIT, NJ 07901		X
Simanovsky Michael 25 DEFOREST AVENUE 3RD FLOOR SUMMIT, NJ 07901		X

Signatures
CONVERSANT CAPITAL LLC By: /s/ Michael Simanovsky Michael Simanovsky, Managing Member		10/12/2021
**Signature of Reporting Person		Date
CONVERSANT GP HOLDINGS LLC By: /s/Michael Simanovsky Michael Simanovsky, Managing Member		10/12/2021
**Signature of Reporting Person		Date
/s/Michael Simanovsky Michael Simanovsky		10/12/2021
**Signature of Reporting Person		Date