Independence Realty Trust to price public offering of 6 million shares

Sole bookrunning manager Deutsche Bank Securities to assist with deal

By Devika Patel

Knoxville, Tenn., July 14 – Independence Realty Trust, Inc. will sell 6 million common shares in a public offering with a 30-day greenshoe of 900,000 additional shares, according to a Form S-1 filed Monday with the Securities and Exchange Commission.

Deutsche Bank Securities is the sole bookrunning manager, and Compass Point, Drexel Hamilton, Ladenburg Thalmann, The Huntington Investment Co., William Blair, National Securities Corp. and JMP Securities are co-managers.

Proceeds will be used for general corporate purposes.

The umbrella partnership real estate investment trust is based in Philadelphia.

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