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MCArmel1

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MCArmel1

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Thursday, 09/18/2014 4:27:52 PM

Thursday, September 18, 2014 4:27:52 PM

Post# of 1356
Independence Realty Trust makes $29.8M Memphis purchase

Sep 18 2014, 16:13 ET | About: Independence Realty Trust (IRT) | By: Stephen Alpher, SA News Editor

The 500-unit apartment community is located in the Cordova submarket. The average unit size is 900 square feet, occupancy is 95%, and the average effective rent per unit is $707.
IRT funded the purchase with some of the proceeds from its July secondary offering. A subsidiary of RAIT Financial (NYSE:RAS) will provide management services.
Source: Press Release

http://seekingalpha.com/news/1990565-independence-realty-trust-makes-29_8m-memphis-purchase?uprof=45#email_link

Wolves.. The original man's Best Friend!

In search of the fabricated IR.."nope, not here either!"

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