Independence Realty Trust is a self-managed apartment REIT that owns ~114 communities and ~33,462 rental homes concentrated in non-gateway Sunbelt and Midwest markets — Atlanta, Dallas, Denver, Columbus, Indianapolis, Nashville and more. It collects rent from tens of thousands of households, runs the buildings with its own in-house teams, and — as a REIT — must pay out ~90% of taxable income, so its value swings with interest rates and Sunbelt apartment supply more than almost any other business.
What Independence Realty Trust, Inc. really sells
Independence Realty Trust is a self-managed apartment REIT that owns ~114 communities and ~33,462 rental homes concentrated in non-gateway Sunbelt and Midwest markets — Atlanta, Dallas, Denver, Columbus, Indianapolis, Nashville and more. It collects rent from tens of thousands of households, runs the buildings with its own in-house teams, and — as a REIT — must pay out ~90% of taxable income, so its value swings with interest rates and Sunbelt apartment supply more than almost any other business.