<SEC-DOCUMENT>0000950123-11-022046.txt : 20110304
<SEC-HEADER>0000950123-11-022046.hdr.sgml : 20110304
<ACCEPTANCE-DATETIME>20110304122638
ACCESSION NUMBER:		0000950123-11-022046
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20110228
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
FILED AS OF DATE:		20110304
DATE AS OF CHANGE:		20110304

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INDEPENDENCE REALTY TRUST, INC
		CENTRAL INDEX KEY:			0001466085
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				264567130
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-160093
		FILM NUMBER:		11663340

	BUSINESS ADDRESS:	
		STREET 1:		CIRA CENTRE
		STREET 2:		2929 ARCH ST. 17TH FLOOR
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19104
		BUSINESS PHONE:		2152439000

	MAIL ADDRESS:	
		STREET 1:		CIRA CENTRE
		STREET 2:		2929 ARCH ST. 17TH FLOOR
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19104

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INDEPENDENCE REALTY TRUST INC
		DATE OF NAME CHANGE:	20110211

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EMPIRE AMERICAN REALTY TRUST INC
		DATE OF NAME CHANGE:	20090610
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>c13700e8vk.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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<TITLE>Form 8-K</TITLE>
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<P style="font-size: 14pt" align="center"><B>UNITED STATES<BR>
SECURITIES AND
EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P style="font-size: 18pt" align="center"><B>FORM 8-K</B>

<P style="font-size: 12pt" align="center"><B>CURRENT REPORT<BR>
Pursuant to
Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P style="font-size: 10pt" align="center"><B>Date of Report (Date of earliest
event reported): February 28, 2011</B>


<P style="font-size: 24pt" align="center"><B>Independence Realty Trust,
Inc.<BR>
</B><FONT style="font-size: 10pt">(Exact name of registrant as
specified in its charter) </FONT>
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cellpadding="0" width="100%">

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 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>Maryland</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>333-160093</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>26-4567130</B></TD>
 </TR>
 <TR valign="top">
  <TD>(State or other Jurisdiction of Incorporation)</TD>
  <TD>&nbsp;</TD>
  <TD>(Commission File Number)</TD>
  <TD>&nbsp;</TD>
  <TD>(IRS Employer Identification No.)</TD>
 </TR>

</TABLE>
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cellpadding="0" width="100%">

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  <TD style="border-bottom: #000000 1px solid"><B>Cira Centre<BR>
2929 Arch
St., 17th Floor<BR>
Philadelphia, PA<BR>
</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>19104</B></TD>
 </TR>
 <TR valign="top">
  <TD>(Address of Principal Executive Offices)</TD>
  <TD>&nbsp;</TD>
  <TD>(Zip Code)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="center">Registrant&#8217;s telephone number,
including area code: <B>(215) 243-9000</B>
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cellpadding="0" width="30%">

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  <TD style="border-bottom: #000000 1px solid" nowrap><B>&nbsp;</B></TD>
 </TR>
 <TR>
  <TD nowrap>(Former name or former address if changed since last report.)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="left">Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions:

<P style="font-size: 10pt" align="left"><FONT face="Wingdings">o</FONT> Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)<BR>
<BR>
<FONT face="Wingdings">o</FONT> Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


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<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">1
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<P style="font-size: 10pt" align="left"><B>Item&nbsp;5.02&nbsp;Departure of
Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.</B>

<P style="text-indent: 2%; font-size: 10pt" align="left">As previously
disclosed, on January&nbsp;20, 2011, the members of the board of directors (the
&#8220;Board&#8221;) of Independence Realty Trust, Inc. (the
&#8220;Company&#8221;) resigned in order to satisfy a closing condition to the
acquisition of Independence Realty Advisors, LLC (the &#8220;Advisor&#8221;),
the Company&#8217;s sole stockholder, by RAIT Financial Trust, and the Advisor
elected three new non-independent directors. Section&nbsp;6.1 of the
Company&#8217;s charter provides that a majority of the Board must be comprised
of independent directors, except for a period of up to 60&nbsp;days after, in
pertinent part, the resignation of an independent director.

<P style="text-indent: 2%; font-size: 10pt" align="left">On February&nbsp;28,
2011, Raphael Licht, one of the non-independent directors, resigned as a
director of the Company effective immediately. Mr.&nbsp;Licht&#8217;s
resignation was in anticipation of the Board&#8217;s appointment of independent
directors and did not result from any disagreement with the Company.

<P style="text-indent: 2%; font-size: 10pt" align="left">On February&nbsp;28,
2011, the Board increased the number of directors on the Board from three to
five and appointed William C. Dunkelberg, Robert F. McCadden and DeForest B.
Soaries, Jr. to serve as directors until the next annual stockholder meeting.
On February&nbsp;28, 2011, the Board, including the newly appointed directors,
determined that Dr. Dunkelberg, Mr.&nbsp;McCadden and Dr.&nbsp;Soaries qualify
as &#8220;independent directors&#8221; as defined in the Company&#8217;s
charter, appointed the three independent directors to serve on the Audit
Committee of the Board (the &#8220;Audit Committee&#8221;) and appointed
Mr.&nbsp;McCadden to serve as Chairman of the Audit Committee.

<P style="text-indent: 2%; font-size: 10pt" align="left">Biographical
information regarding each of the newly appointed directors is set forth below.

<P style="text-indent: 2%; font-size: 10pt" align="left">William C. Dunkelberg,
Ph.D. has served as the chairman of the board of directors and member of the
audit committee of Liberty Bell Bank, a publicly-traded commercial bank
chartered in New Jersey (PINK: LBBB), since 2003 and 2005, respectively.
Dr.&nbsp;Dunkelberg has served as Professor of Economics in the College of
Liberal Arts at Temple University in Philadelphia, Pennsylvania since 1987,
where he previously served as Dean of the School of Business and Management
from 1987 to 1994. He has served as Chief Economist for the National Federation
of Independent Business, a nonprofit industry association representing small
and independent businesses, since 1973. Dr.&nbsp;Dunkelberg was a consultant to
the National Federation of Independent Business from 1970 until he accepted the
position as Chief Economist. He has served as Economic Strategist for Boenning
&amp; Scattergood, an independent investment banking firm, since
April&nbsp;2009. He co-founded Wireless Energy Solutions, a private company, in
2009, and continues to serve on its board of directors. He previously served as
a member of the board of directors of NCO Group, Inc., a public provider of
business process outsourcing solutions, from 2000 until the company was sold in
2007. Dr.&nbsp;Dunkelberg holds a Bachelor of Arts, a Master of Economics and a
Doctor of Philosophy in Economics, each from the University of Michigan in Ann
Arbor.

<P style="text-indent: 2%; font-size: 10pt" align="left">Robert F. McCadden has
served as executive vice president and chief financial officer of Pennsylvania
Real Estate Investment Trust, a publicly-traded REIT (NYSE: PEI), since 2004.
Mr.&nbsp;McCadden was a partner of KPMG LLP from 2002 to 2004. Before joining
KPMG LLP, Mr.&nbsp;McCadden joined Arthur Andersen LLP in 1979 and became
partner in 1993. He continued as a partner of Arthur Andersen LLP until he
joined KPMG LLP in 2002. He is a member of the American Institute of Certified
Public Accountants (AICPA), the Pennsylvania Institute of Certified Public
Accountants (PICPA), NAREIT and the International Council of Shopping Centers
(ICSC). Mr.&nbsp;McCadden is a Certified Public Accountant and holds a Bachelor
of Business Administration from Temple University.

<P style="text-indent: 2%; font-size: 10pt" align="left">DeForest B. Soaries,
Jr., D.Min. has served as a director for the Federal Home Loan Bank of New York
since January 2009, a position which he previously held from February to
December&nbsp;2003. Since 1990, Dr.&nbsp;Soaries has served as the Senior
Pastor of the First Baptist Church of Lincoln Gardens in Somerset, New Jersey.
From 2004 to 2005, he served as the first chairman of the U.S. Election
Assistance Commission (EAC), appointed by former President George W. Bush and
confirmed by the U.S. Senate. From 1999 to 2002, Dr.&nbsp;Soaries served as
Secretary of State of New Jersey. Dr.&nbsp;Soaries was a professor at the Drew
University Theological School in Madison, New Jersey from 1997 to 1999, Kean
University in Union, New Jersey from 1993 to 1994 and Princeton Theological
Seminary in Princeton, New Jersey from 1992 to 1993 and an assistant professor
at Mercer County Community College in Trenton, New Jersey from 1989 to 1991.
Dr.&nbsp;Soaries holds a Bachelor of Arts in Urban and Religious Studies from
Fordham University in Bronx, New York, a Master of Divinity from Princeton and
a Doctor of Ministry from United Theological Seminary in Dayton, Ohio.

<P style="text-indent: 2%; font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">2
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<P style="font-size: 10pt" align="center"><B>SIGNATURES</B>

<P style="text-indent: 4%; font-size: 10pt" align="left">Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
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<DIV style="text-indent: 0px; margin-left: 0px">&nbsp;</DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD colspan="3" valign="top" align="left">Independence Realty Trust, Inc.</TD>
 </TR>

<TR><TD colspan="5">&nbsp;</TD></TR>

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  <TD valign="top">
<DIV style="text-indent: 0px; margin-left: 0px">&nbsp;</DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">By: </TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left"><FONT style="font-variant: small-caps">/s/ Jack
E. Salmon</FONT></TD>
 </TR>
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<DIV style="text-indent: 0px; margin-left: 0px">&nbsp;</DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD style="border-top: #000000 1px solid" valign="top"
align="left">&nbsp;</TD>
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  <TD valign="top">
<DIV style="text-indent: 0px; margin-left: 0px">March&nbsp;4, 2011 </DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Name: Jack E. Salmon</TD>
 </TR>
 <TR valign="bottom">
  <TD valign="top">
<DIV style="text-indent: 0px; margin-left: 0px">&nbsp;</DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Title: President and Chief Financial
Officer</TD>
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<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">3
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