Independence Realty Trust Reports Minimal Damage to Communities from Hurricane Dorian

Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT) today announced the Company’s owned and managed apartment communities in Charleston, Myrtle Beach and Wilmington are operational and have not suffered any significant damage as a result of Hurricane Dorian. At this time, IRT does not expect any material impact on its residents or the Company’s financial performance.

“Our highest priority is the safety of our residents and employees in the impacted areas. We thank our on-site teams for their dedication in thoroughly preparing our communities for this storm and are fortunate that no one was injured, and our communities have not sustained any substantial damage,” said Scott Schaeffer, Chairman and CEO of IRT. “We will keep stakeholders informed if there is a change in the status of our communities as we assess any residual impact from the hurricane.”

About Independence Realty Trust, Inc.

Independence Realty Trust (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 of capital through distributions and capital appreciation. More information may be found on the Company’s website at www.irtliving.com.

Forward-Looking Statements

This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as “will,” “strategy,” “expects,” “seeks,” “believes,” “potential,” or other similar words. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from the expectations, intentions, beliefs, plans or predictions of the future expressed or implied by such forward-looking statements. These forward-looking statements are based upon the current beliefs and expectations of IRT’s management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally not within IRT’s control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. These risks, uncertainties and contingencies include, but are not limited to, those disclosed in IRT’s filings with the Securities and Exchange Commission. IRT undertakes no obligation to update these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except as may be required by law.

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Independence Realty Trust, Inc.
Edelman Financial Communications & Capital Markets
Ted McHugh and Lauren Scott
212-704-4458
[email protected]