IRT (Independence Realty Trust Inc.)
501–1,000 employees 15 principals
Last updated by Andrea
About IRT (Independence Realty Trust Inc.)
IRT (Independence Realty Trust Inc.) is a real estate operator. IRT (Independence Realty Trust Inc.) operates in Atlanta, Georgia, Austin, Texas and Charleston, South Carolina. Its investment focus is on Multifamily - Value-Add and Workforce Housing.
Independence Realty Trust, Inc. (NYSE: IRT) is a U.S.-based real estate investment trust that owns and operates multifamily apartment properties in non-gateway U.S. markets. The company was formed in 2009 and is headquartered in Philadelphia, Pennsylvania. IRT manages a portfolio of 113 operating properties comprising 33,615 apartment units as of late 2024. IRT pursues acquisitions in markets such as Atlanta, Louisville, Memphis, and Raleigh, focusing on submarkets with strong schools, retail amenities, and major employment centers. It deploys a “value-add” program to renovate existing units; in 2024 it completed 1,671 unit renovations with an average return on investment of 15.7%. Its strategy emphasizes same-store net operating income growth, high occupancy (around 95%), and generating risk-adjusted returns for shareholders.
Principals at IRT (Independence Realty Trust Inc.)
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