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IRT · Real Estate · REIT - Residential · Market cap $3.98B

1 fund in our archive has pitched Independence Realty Trust — most recently Baron Real Estate Income Fund in December 2024.

Company profile

Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily apartment properties across non-gateway U.S. markets, including Atlanta, Louisville, Memphis, and Raleigh. IRT's investment strategy is focused on gaining scale within key amenity rich submarkets that offer good school districts, high-quality retail and major employment centers. IRT aims to provide stockholders attractive risk-adjusted returns through diligent portfolio management, strong operational performance, and a consistent return on capital through distributions and capital appreciation.

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Fund coverage · 1 thesis

  • Baron Real Estate Income Fund
    December 2024

    IRT is an attractive investment opportunity due to its affordable apartment units, discounted valuation relative to peers, robust growth prospects from its value-add program, limited new supply, and overlooked cash flow from recent developments.

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