Independence Realty Trust’s Value-Add Initiative Generating Substantial Returns

Scott Schaeffer, chairman and CEO of Independence Realty Trust (NYSE: IRT), participated in a video interview at Nareit’s REITworld: 2019 Annual Conference in Los Angeles.

Schaeffer said Independence Realty Trust’s value-add initiative—kitchen, bath, and common area upgrade investments of $11,000 per unit—is a very important piece of the company’s long-term strategy. He added that 20 communities, containing more than 6,300 units, will go through the process soon.

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