Independence Realty Trust Reports Minimal Damage to Communities from Hurricane Helene

Rhea-AI Summary

Independence Realty Trust (NYSE: IRT) reported minimal impact from Hurricane Helene on its apartment communities. The company's CEO, Scott Schaeffer, confirmed that all residents and employees in affected areas are safe, and properties have not sustained significant damage. IRT prioritized safety and praised on-site teams for their preparation and response efforts. The company will continue to assess any residual impact and provide updates if there are changes to the status of their communities.

Positive

• No significant damage to apartment communities from Hurricane Helene
• All residents and employees in affected areas reported safe

Negative

• None.

PHILADELPHIA--(BUSINESS WIRE)-- Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced today the Company’s apartment communities did not incur any significant damage as a result of Hurricane Helene.

“We are grateful to report that all of our residents and employees in the areas that were impacted by Hurricane Helene are safe, and that our properties have not sustained any significant damage,” said Scott Schaeffer, Chairman and CEO of IRT. “Our highest priority is the safety of our residents and employees, and we thank our on-site teams for their support in preparing for and responding to the storm. We will keep our stakeholders updated 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, 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 with 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/20240930833550/en/

Independence Realty Trust, Inc.

Edelman Smithfield

Lauren Torres

917-365-7979

IRT@edelman.com

Source: Independence Realty Trust, Inc.

FAQ

How did Hurricane Helene affect Independence Realty Trust's properties?

Independence Realty Trust (IRT) reported that their apartment communities did not incur any significant damage as a result of Hurricane Helene. The company's properties remained largely unaffected by the storm.

What measures did IRT take to ensure safety during Hurricane Helene?

IRT prioritized the safety of residents and employees. The company's on-site teams prepared for and responded to the storm, ensuring the well-being of all individuals in affected areas.

Will IRT provide updates on any potential hurricane-related damages?

Yes, IRT stated that they will keep stakeholders updated if there are any changes in the status of their communities as they continue to assess any residual impact from Hurricane Helene.

Who made the announcement about IRT's hurricane impact?

Scott Schaeffer, Chairman and CEO of Independence Realty Trust, made the announcement regarding the minimal impact of Hurricane Helene on the company's properties.