Independence Realty Trust, Inc. is a real estate investment trust, which acquires, owns, operates, improves, and manages multifamily apartment communities across non-gateway U.S. markets. The firm is primarily engaged in the ownership, operation, management, improvement, and acquisition of multifamily apartment communities in non-gateway markets. Its primary business objective is to provide attractive risk-adjusted returns to stockholders through diligent portfolio management, operational performance, and consistent returns on capital through distributions and capital appreciation. Its segments include same-store and non-same-store. The company owns and operates around 115 multifamily apartment properties that contain an aggregate of over 33,818 units. Its properties are located in Alabama, Colorado, Florida, Georgia, Indiana, Kentucky, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee and Texas. The firm owns all of its assets and conducts all its operations through Independence Realty Operating Partnership, LP.