Independence Realty Trust Announces Appointment of Independent Director

June 19, 2017

PHILADELPHIA--(BUSINESS WIRE)-- Independence Realty Trust, Inc. (NYSE MKT:IRT) (“IRT” or the “Company”) announced today the appointment of Melinda H. McClure as an independent director to the Company’s board of directors effective June 13, 2017. The announcement represents an increase in the size of the board from six to seven directors, following the recommendation of the Nominating and Governance Committee of the board.

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“We are very pleased to welcome Mindi to our board as she has extensive leadership experience in the asset management, financial services, and real estate industries,” said Scott F. Schaeffer, IRT’s Chairman and Chief Executive Officer. “Mindi joins a strong board of directors with diverse backgrounds and a shared commitment to sound corporate governance. Her experience and counsel will be beneficial as IRT continues to grow and deliver value for shareholders.”

Ms. McClure is an executive with over 25 years of experience in Asset Management and Financial Services. Most recently, she served as the Managing Principal of Freedom Capital Investment Management, an alternative asset manager, from 2013 to 2016. Ms. McClure served on the board of directors of the Bank of Georgetown, a privately held community bank headquartered in Washington, D.C., from its inception in 2005 to its sale to United Bank in 2016. She also held several positions at FBR & Co. from 1991 to 2006, including senior managing director of investment banking where she provided capital markets and advisory services to middle market financial services and real estate companies.

About Independence Realty Trust, Inc.

Independence Realty Trust, Inc. (NYSE MKT: IRT) is an internally-managed real estate investment trust that seeks to own well-located apartment properties in geographic submarkets that it believes support strong occupancy and the potential for growth in rental rates. IRT seeks to provide stockholders with attractive risk-adjusted returns, with an emphasis on distributions and capital appreciation. For additional information, please visit our investor relations website at http://investors.irtliving.com/.

New Corporate Headquarters
Two Liberty Place
50 S. 16th Street, Suite 3575
Philadelphia, PA 19102
267-270-4800

Independence Realty Trust, Inc.
Edelman Financial Communications & Capital Markets
Ted McHugh and Lauren Tarola
212-277-4322
IRT@edelman.com

Source: Independence Realty Trust, Inc.