Independence Realty Trust Inc. Appoints Farrell Ender as President
August 06, 2014
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Independence Realty Trust Inc. announced that it appointed Farrell Ender to serve as the company's president, effective immediately, and increased the size of its board to five members. Ender has served as president of Independence Realty Advisors LLC since April 2013 and as senior vice president of RAIT Financial Trust since October 2007. Scott Schaeffer will continue to serve as the company's CEO and chairman of its board of directors. In addition, the company's board on July 31, 2014 elected Sharon Tsao to serve as an independent director, increasing
the size of the board to five members from four.
Independence Realty Trust, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Companyâs investment strategy is focused on gaining scale near major employment centers within submarkets that offer good school districts and retail. The Company acquires, owns, operates, improves, and manages multifamily apartment communities across non-gateway United States markets. The Company owns and operates approximately 113 multifamily apartment properties across non-gateway United States markets, including Atlanta, Columbus, Dallas, Denver, Houston, Indianapolis, Nashville, Oklahoma City, Raleigh-Durham, and Tampa, Florida. The Companyâs portfolio of properties consists primarily of apartment communities geographically concentrated in the Southeastern and Midwest United States. The Company owns all of its assets and conducts all its operations through Independence Realty Operating Partnership, LP (IROP).