Independence Realty Trust Reports Minimal Impact on Communities from Hurricane Milton

Rhea-AI Summary

Independence Realty Trust (NYSE: IRT) reported minimal impact on its communities in Tampa and Orlando, Florida from Hurricane Milton. The company's CEO, Scott Schaeffer, expressed gratitude towards the on-site teams for their efforts in preparing the communities for the storm and ensuring the safety of residents. Schaeffer also extended thoughts to all those affected by the hurricane.

Positive

• Minimal impact on Tampa and Orlando communities from Hurricane Milton
• Effective preparation and response by on-site teams

Negative

• None.

PHILADELPHIA--(BUSINESS WIRE)-- Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced today that its communities in Tampa and Orlando, Florida were minimally impacted by Hurricane Milton.

“We extend our heartfelt thoughts to everyone affected by Hurricane Milton,” said Scott Schaeffer, Chairman and CEO of IRT. “We are especially thankful to our on-site teams for their dedication in preparing our communities for this storm and responding quickly to ensure our residents remained safe.”

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/20241013798283/en/

Independence Realty Trust, Inc.

Edelman Smithfield

Lauren Torres

917-365-7979

IRT@edelman.com

Source: Independence Realty Trust, Inc.

FAQ

How did Hurricane Milton affect Independence Realty Trust's properties in Florida?

Independence Realty Trust (IRT) reported minimal impact on its communities in Tampa and Orlando, Florida from Hurricane Milton.

What actions did IRT take to protect its properties and residents during Hurricane Milton?

IRT's on-site teams prepared the communities for the storm and responded quickly to ensure residents' safety.

Did Independence Realty Trust (IRT) suffer any significant losses due to Hurricane Milton?

Based on the press release, IRT reported minimal impact on its Florida communities from Hurricane Milton, suggesting no significant losses.

Which Florida cities were mentioned in IRT's Hurricane Milton impact report?

Independence Realty Trust mentioned its communities in Tampa and Orlando, Florida in the Hurricane Milton impact report.