Independence Realty Trust Promotes Jim Sebra to President

Rhea-AI Summary

Independence Realty Trust (NYSE: IRT) has announced the promotion of Jim Sebra to the position of President and Chief Financial Officer. Sebra, who previously served as CFO, will retain his current responsibilities overseeing finance, accounting, tax, IT, and investor relations functions. In his expanded role, he will now also oversee the company's operational functions. Scott Schaeffer, IRT's Chairman and CEO, stated that this change is part of good corporate governance and recognizes Sebra's contribution to IRT's success.

Positive

• Promotion of experienced executive Jim Sebra to President and CFO
• Expansion of Sebra's responsibilities to include operational functions

Negative

• None.

PHILADELPHIA--(BUSINESS WIRE)-- Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced today that Jim Sebra, the Company’s Chief Financial Officer has been appointed to President and Chief Financial Officer. Mr. Sebra will retain his current responsibilities for overseeing the finance, accounting, tax, IT and investor relations functions, and will now also oversee the Company’s operational functions.

“These changes are part of good corporate governance and recognize Jim’s contribution to IRT’s success,” said Scott Schaeffer, IRT’s Chairman and CEO.

About Independence Realty Trust, Inc.

Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily communities, across non-gateway U.S. markets including Atlanta, GA, Dallas, TX, Denver, CO, Columbus, OH, Indianapolis, IN, Raleigh-Durham, NC, Oklahoma City, OK, Nashville, TN, Houston, TX, and Tampa, FL. IRT’s investment strategy is focused on gaining scale near major employment centers within key amenity rich submarkets that offer good school districts and high-quality retail. 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. More information may be found on the Company’s website www.irtliving.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240903309726/en/

Independence Realty Trust, Inc.

Edelman Smithfield

Lauren Torres

917-365-7979

IRT@edelman.com

Source: Independence Realty Trust, Inc.

FAQ

What new position has Jim Sebra been appointed to at Independence Realty Trust (IRT)?

Jim Sebra has been appointed to the position of President and Chief Financial Officer at Independence Realty Trust (NYSE: IRT).

What additional responsibilities will Jim Sebra have in his new role at IRT?

In addition to his current responsibilities overseeing finance, accounting, tax, IT, and investor relations functions, Jim Sebra will now also oversee the company's operational functions.

Why did Independence Realty Trust (IRT) promote Jim Sebra?

According to IRT's Chairman and CEO Scott Schaeffer, the promotion is part of good corporate governance and recognizes Jim Sebra's contribution to IRT's success.