| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Text Block] |
Independence Realty Trust
Schedule III - Real Estate and Accumulated Depreciation
As of December 31, 2025
(Dollars in thousands)
| | | | | | | 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. |
Independence Realty Trust
Schedule III - Real Estate and Accumulated Depreciation
As of December 31, 2025
(Dollars in thousands)
| | | 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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