Independence Realty Trust Completes Sale of Four Properties, Advancing Portfolio Optimization and Deleveraging Strategy

PHILADELPHIA–(BUSINESS WIRE)–Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced today the sale of four properties in four markets, as part of the Company’s Portfolio Optimization and Deleveraging Strategy. The total gross sales price of the four properties was $200.7 million, with each property sale closing in December 2023. As a result of these sales, IRT repaid $196.8 million of debt, comprised of $112.3 million of property level debt associated with the sold properties and $84.5

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