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Schedule III Real Estate and Accumulated Depreciation | 12 Months Ended
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Dec. 31, 2012
Schedule III Real Estate and Accumulated Depreciation | Independence Realty Trust Schedule III Real Estate and Accumulated Depreciation As of December 31, 2012 (Dollars in thousands)
|  | Description |  |  | Location |  | Initial Cost |  |  | Cost of Improvements, net of Retirements |  |  | Gross Carrying Amount |  |  | Accumulated Depreciation- Building |  |  | Encumbrances (Unpaid Principal) |  |  | Year of Acquisition |  |  | Life of Depreciation |
Property Name |  |  |  | Land |  |  | Building |  |  | Land |  |  | Building |  |  | Land(a) |  |  | Building(a) |  |  |  |  |
Crestmont |  |  | Apartment |  |  | Marietta, GA |  | $ | 3,254 |  |  | $ | 13,044 |  |  | $ | — |  |  | $ | 140 |  |  | $ | 3,254 |  |  | $ | 13,184 |  |  | $ | 1,776 |  |  | $ | (6,750 | ) |  |  | 2011 |  |  |  | 40 |
Copper Mill |  |  | Apartment |  |  | Austin, TX |  |  | 3,472 |  |  |  | 13,958 |  |  |  | — |  |  |  | 233 |  |  |  | 3,472 |  |  |  | 14,191 |  |  |  | 1,927 |  |  |  | (7,350 | ) |  |  | 2011 |  |  |  | 40 |
Cumberland |  |  | Apartment |  |  | Smyrna, GA |  |  | 3,100 |  |  |  | 13,166 |  |  |  | — |  |  |  | 157 |  |  |  | 3,100 |  |  |  | 13,323 |  |  |  | 1,807 |  |  |  | (6,900 | ) |  |  | 2011 |  |  |  | 40 |
Heritage Trace |  |  | Apartment |  |  | Newport News, VA |  |  | 2,673 |  |  |  | 10,761 |  |  |  | — |  |  |  | 249 |  |  |  | 2,673 |  |  |  | 11,010 |  |  |  | 1,489 |  |  |  | (5,500 | ) |  |  | 2011 |  |  |  | 40 |
Belle Creek Apartments |  |  | Apartment |  |  | Henderson, CO |  |  | 1,890 |  |  |  | 7,596 |  |  |  | — |  |  |  | 239 |  |  |  | 1,890 |  |  |  | 7,835 |  |  |  | 893 |  |  |  | (10,575 | ) |  |  | 2011 |  |  |  | 40 |
Runaway Bay |  |  | Apartment |  |  | Indianapolis, IN |  |  | 3,079 |  |  |  | 12,318 |  |  |  | — |  |  |  | 6 |  |  |  | 3,079 |  |  |  | 12,324 |  |  |  | 53 |  |  |  | (10,238 | ) |  |  | 2012 |  |  |  | 40 |
Tresa at Arrowhead |  |  | Apartment |  |  | Phoenix, AZ |  |  | 7,080 |  |  |  | 28,500 |  |  |  | — |  |  |  | 221 |  |  |  | 7,080 |  |  |  | 28,721 |  |  |  | 2,675 |  |  |  | (27,500 | ) |  |  | 2011 |  |  |  | 40 |
Centrepoint Apartments |  |  | Apartment |  |  | Tucson, AZ |  |  | 5,620 |  |  |  | 22,720 |  |  |  | — |  |  |  | 89 |  |  |  | 5,620 |  |  |  | 22,809 |  |  |  | 1,663 |  |  |  | (17,600 | ) |  |  | 2011 |  |  |  | 40 |
|  |  |  |  |  |  |  | $ | 30,168 |  |  | $ | 122,063 |  |  | $ | — |  |  | $ | 1,334 |  |  | $ | 30,168 |  |  | $ | 123,397 |  |  | $ | 12,283 |  |  | $ | (92,413 | ) |  |  |  |  |  |  |  |
(a) | The aggregate cost basis for federal income tax purposes of our investments in real estate approximates the carrying amount at December 31, 2012.
Investments in Real Estate |  | For the Year Ended December 31, 2012 |  |  | For the Year Ended December 31, 2011 |
Balance, beginning of period |  | $ | 137,428 |  |  | $ | 0 |
Additions during period: |  |  |  |  |  |  |  |
Acquisitions |  |  | 15,397 |  |  |  | 136,834 |
Improvements to land and building |  |  | 1,148 |  |  |  | 868 |
Deductions during period: |  |  |  |  |  |  |  |
Dispositions of real estate |  |  | (408 | ) |  |  | (274 | )
Deconsolidation of real estate |  |  | 0 |  |  |  | 0 |
Balance, end of period: |  | $ | 153,565 |  |  | $ | 137,428 |
Accumulated Depreciation |  | For the Year Ended December 31, 2012 |  |  | For the Year Ended December 31, 2011 |
Balance, beginning of period |  | $ | 9,304 |  |  | $ | 0 |
Depreciation expense |  |  | 3,387 |  |  |  | 1,771 |
Dispositions of real estate |  |  | (408 | ) |  |  | (274 | )
Balances at acquisition(a) |  |  | 0 |  |  |  | 7,807 |
Balance, end of period: |  | $ | 12,283 |  |  | $ | 9,304 |
(a) | Assets and liabilities were recorded at our sponsor’s carrying amount pursuant to Staff Accounting Bulletin Topic 5G and ASC 805-50-30-5.

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- Definition The entire disclosure of real estate investments and associated accumulated depreciation for entities with a significant portion of their business acquiring and holding investment real estate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 970 -SubTopic 360 -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-28) -URI http://asc.fasb.org/extlink&oid=6590653&loc=d3e638233-123024 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04.(c) Schedule III) -URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 28 -Article 12 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Subparagraph Schedule III -Article 5 + Details
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