What smart money is saying about Independence Realty Trust
1 fund in our archive has pitched Independence Realty Trust, most recently Baron Real Estate Income Fund in December 2024.
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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Position history
Between Q4 2024 and Q2 2025, 1 fund letter reported a position in Independence Realty Trust, with no move described.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2025 | 1 | 0 | 0 | 0 |
| Q4 2024 | 0 | 0 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 1 position
- June 2025
“Independence Realty Trust, Inc. -0.25”
Independence Realty Trust
Fund coverage · 1 thesis
- Baron Real Estate Income FundDecember 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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