INDEPENDENCE REALTY TRUST, INC.
For the period ended Dec 31, 2025. Filed Feb 17, 2026.
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FY2025 · Filed Feb 17, 2026
IRT$15.05-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Schedule III: Real Estate and Accumulated Depreciation
Independence Realty Trust
Schedule III - Real Estate and Accumulated Depreciation
| Initial Cost · Cost of Improvements · Gross Carrying Amount | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Market · Number of Properties · Land · Building · Land · Building · Land · Building · Accumulated Depreciation Building · Encumbrances (a) · Year(s) of Acquisition | |||||||||
| Atlanta, GA | 13 | $102,866 | $903,813 | — | $125,751 | $102,866 | $1,029,564 | $(164,387)(b) | 2015-2021 |
| Austin, TX | 1 | 3,857 | 48,719 | — | 8,976 | 3,857 | 57,695 | (8,990) | 2021 |
| Charleston, SC | 2 | 9,260 | 69,104 | — | 5,905 | 9,260 | 75,009 | (19,710) | 2015 |
| Charlotte, NC | 4 | 26,294 | 234,257 | — | 2,915 | 26,294 | 237,172 | (25,875) | 2015 - 2024 |
| Cincinnati, OH | 2 | 6,939 | 111,937 | — | 8,368 | 6,939 | 120,305 | (14,956) | 2021 |
| Columbus, OH | 10 | 28,870 | 308,917 | — | 48,039 | 28,870 | 356,956 | (65,867) | 2014 - 2021 |
| Dallas, TX | 14 | 68,829 | 749,578 | — | 80,416 | 68,829 | 829,994 | (122,773)(b) | 2015 - 2021 |
| Denver, CO (c)(d) | 8 | 43,765 | 497,482 | — | 17,758 | 43,765 | 515,240 | (54,361)(b) | 2021 - 2025 |
| Greenville, SC | 1 | 7,330 | 111,833 | — | 8,757 | 7,330 | 120,590 | (15,528) | 2021 |
| Houston, TX | 5 | 18,767 | 186,226 | — | 13,039 | 18,767 | 199,265 | (25,026) | 2021 |
| Huntsville, AL | 4 | 24,000 | 212,753 | — | 6,139 | 24,000 | 218,892 | (26,331) | 2015 - 2023 |
| Indianapolis, IN | 8 | 26,740 | 305,212 | — | 29,825 | 26,740 | 335,037 | (47,878)(b) | 2012 - 2025 |
| Lexington, KY | 3 | 9,467 | 145,715 | — | 13,066 | 9,467 | 158,781 | (19,956) | 2021 |
| Louisville, KY | 3 | 14,195 | 74,791 | — | 11,851 | 14,195 | 86,642 | (25,914) | 2014 |
| Memphis, TN (c) | 4 | 10,730 | 124,023 | — | 25,759 | 10,730 | 149,782 | (45,234) | 2014 - 2015 |
| Myrtle Beach, SC - Wilmington, NC | 3 | 4,580 | 55,797 | — | 9,616 | 4,580 | 65,413 | (15,213)(b) | 2017 |
| Nashville, TN | 5 | 33,939 | 318,936 | — | 27,100 | 33,939 | 346,036 | (45,190)(b) | 2021 - 2022 |
| Oklahoma City, OK | 8 | 17,099 | 280,770 | — | 49,755 | 17,099 | 330,525 | (56,331)(b) | 2014 - 2021 |
| Orlando, FL | 4 | 29,078 | 248,186 | — | 6,295 | 29,078 | 254,481 | (16,566) | 2015 - 2025 |
| Raleigh - Durham, NC | 6 | 34,409 | 199,323 | — | 25,693 | 34,409 | 225,016 | (57,297) | 2014 - 2019 |
| San Antonio, TX | 1 | 4,604 | 50,501 | — | 2,638 | 4,604 | 53,139 | (6,870) | 2021 |
| Tampa-St. Petersburg, FL | 6 | 55,706 | 287,436 | 3,919 | 51,362 | 59,625 | 338,798 | (52,094) | 2017 - 2024 |
| 115 | $581,324 | $5,525,309 | $3,919 | $579,023 | $585,243 | $6,104,332 | $(932,347) | ||
| (a) | Encumbrances exclude the principal balance of $582,535 and associated deferred financing costs related to the secured credit facilities. |
| (b) | Represents properties with gross assets of $2,733,163 and mortgage note indebtedness of $739,596. |
| (c) | Includes properties classified as held for sale as of December 31, 2025. |
| (d) | Includes development placed in service of $67,511 at one development property in Denver, CO. |
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Independence Realty Trust
Schedule III - Real Estate and Accumulated Depreciation
| For the years ended | |||
|---|---|---|---|
| Investments in Real Estate | Dec 31, 2025 (1) | Dec 31, 2024 (2) | Dec 31, 2023 (3) |
| Balance, beginning of period | $6,486,630 | $6,579,190 | $6,652,083 |
| Additions during period: | |||
| Acquisitions | 207,344 | 235,333 | 49,939 |
| Improvements to land and building | 204,115 | 146,046 | 217,235 |
| Deductions during period: | |||
| Dispositions of real estate | (164,905) | (411,833) | (283,991) |
| Impairment of real estate assets held for sale | (12,841) | (20,995) | (32,956) |
| Asset write-offs | (30,768) | (41,111) | (23,120) |
| Balance, end of period: | $6,689,575 | $6,486,630 | $6,579,190 |
| Accumulated Depreciation | Dec 31, 2025 (1) | Dec 31, 2024 (2) | Dec 31, 2023 (3) |
|---|---|---|---|
| Balance, beginning of period | $753,539 | $606,404 | $426,097 |
| Depreciation expense | 232,727 | 217,985 | 216,980 |
| Dispositions of real estate | (23,149) | (29,739) | (13,553) |
| Asset write-off | (30,770) | (41,111) | (23,120) |
| Balance, end of period: | $932,347 | $753,539 | $606,404 |
| (1) | Includes two properties classified as held for sale as of December 31, 2025. |
| (2) | Includes one property classified as held for sale as of December 31, 2024. |
| (3) | Includes six properties classified as held for sale as of December 31, 2023. |
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