Where Will Independence Realty Trust Be in 5 Years?
When it comes to residential real estate investment trusts (REITs), Independence Realty Trust (NYSE: IRT) isn't super well-known. The company, which become a publicly traded REIT in 2013, still remains relatively small compared to more popular apartment REITs like AvalonBay Communities, Equity Residential, or Essex Property Trust, having interest in 15,667 rental units across 56 apartment communities. Independence Realty Trust owns and manages Class A and Class B apartment communities in the Midwest, Sun Belt, and Southeast regions of the United States, including 16 major markets like Atlanta; Raleigh, North Carolina; Dallas; Tampa-St. Petersburg and Orlando, Florida; St. Louis; Memphis, Tennessee; and Charlotte, North Carolina.
