Independence Realty Trust Files 8-K

TL;DR

IRT filed an 8-K on Sep 5th for Sep 3rd events. Details pending.

AI Summary

Independence Realty Trust, Inc. (IRT) filed an 8-K on September 5, 2024, reporting other events and financial statements. The filing pertains to events that occurred on September 3, 2024. No specific financial figures or material events were detailed in the provided excerpt.

Why It Matters

This filing indicates that Independence Realty Trust, Inc. is providing updates or disclosures to the SEC, which could contain material information for investors.

Risk Assessment

Risk Level: low — The provided excerpt is a standard SEC filing notification and does not contain specific financial or operational details that would indicate a high risk.

Key Players & Entities

• INDEPENDENCE REALTY TRUST, INC. (company) — Registrant
• 0001466085-24-000113 (filing_id) — Accession Number
• September 5, 2024 (date) — Filing Date
• September 3, 2024 (date) — Earliest Event Date

FAQ

Key Financial Figures

• $0.01 — 0,000 shares of common stock, par value $0.01 per share, of the Company (the "Common
• $18.96 — ock") at a price to the underwriters of $18.96 per share, consisting of 11,500,000 sha

Filing Documents

• irt-20240903.htm (8-K) — 38KB
• ex11_irtsept2024equityoffe.htm (EX-1.1) — 404KB
• ex12_irtsept2024-forwardco.htm (EX-1.2) — 189KB
• ex13_irtsept2024-greenshoe.htm (EX-1.3) — 188KB
• ex51_opinionaugust2024equi.htm (EX-5.1) — 28KB
• ex81opinionaugust2024equit.htm (EX-8.1) — 24KB
• ex991_irt2024equityofferin.htm (EX-99.1) — 13KB
• ex992_irt2024equityofferin.htm (EX-99.2) — 13KB
• ex993_rt2024equityoffering.htm (EX-99.3) — 10KB
• image_0a.jpg (GRAPHIC) — 35KB
• image_0b.jpg (GRAPHIC) — 45KB
• image_1a.jpg (GRAPHIC) — 5KB
• image_1b.jpg (GRAPHIC) — 5KB
• image_2a.jpg (GRAPHIC) — 0KB
• image_2b.jpg (GRAPHIC) — 3KB
• image_3a.jpg (GRAPHIC) — 0KB
• 0001466085-24-000113.txt ( ) — 1320KB
• irt-20240903.xsd (EX-101.SCH) — 2KB
• irt-20240903_lab.xml (EX-101.LAB) — 22KB
• irt-20240903_pre.xml (EX-101.PRE) — 13KB
• irt-20240903_htm.xml (XML) — 3KB

01 Other Events

Item 8.01 Other Events. On September 3, 2024, Independence Realty Trust, Inc. (the "Company") and its operating partnership, Independence Realty Operating Partnership, L.P. (the "Operating Partnership"), entered into an underwriting agreement (the "Underwriting Agreement"), dated September 3, 2024, with Citigroup Global Markets Inc., KeyBanc Capital Markets Inc. and RBC Capital Markets, LLC as representatives of the several underwriters named therein (collectively, the "Underwriters"), and Citigroup Global Markets Inc. in its capacity as agent (in such capacity, the "Forward Seller") for Citibank, N.A., as forward counterparty (the "Forward Counterparty") and the Forward Counterparty relating to the offering of an aggregate of 11,500,000 shares of common stock, par value $0.01 per share, of the Company (the "Common Stock") at a price to the underwriters of $18.96 per share, consisting of 11,500,000 shares of Common Stock offered by the Forward Seller in connection with the forward sale agreements described below (including 1,500,000 shares offered pursuant to the Underwriters' option to purchase additional shares, which option was exercised in full). The Company will not initially receive any proceeds from the sale of shares of Common Stock by the Forward Seller. The Company completed the offering on September 5, 2024. In connection with the offering, the Company also entered into (i) a forward sale agreement (the "Initial Forward Sale Agreement"), dated September 3, 2024, with the Forward Seller and Forward Counterparty and (ii) a forward sale agreement (the "Additional Forward Sale Agreement," and together with the Initial Forward Sale Agreement, the "Forward Sale Agreements"), dated September 4, 2024. In connection with the Forward Sale Agreements, the Forward Seller (or its affiliate) borrowed from third parties and sold to the Underwriters an aggregate of 11,500,000 shares of Common Stock that was sold in the offering. The Company expects to physically settle

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. 1.1 Underwriting Agreement dated September 3, 2024 among Independence Realty Trust, Inc., Independence Realty Operating Partnership, L.P., Citigroup Global Markets Inc., KeyBanc Capital Markets Inc. and RBC Capital Markets, LLC as representatives of the Underwriters and Citigroup Global Markets Inc. in its capacity as agent to Citibank, N.A., as forward counterparty. 1.2 Confirmation of Issuer Share Forward Sale Transaction, dated September 3, 2024, by and among Independence Realty Trust, Inc. and Citibank, N.A. 1.3 Confirmation of Issuer Share Forward Sale Transaction, dated September 4, 2024, by and among Independence Realty Trust, Inc. and Citibank, N.A. 5.1 Opinion of Troutman Pepper Hamilton Sanders LLP regarding legality of the shares. 8.1 Opinion of Troutman Pepper Hamilton Sanders LLP regarding certain tax matters. 23.1 Consent of Troutman Pepper Hamilton Sanders LLP (included in Exhibit 5.1). 23.2 Consent of Troutman Pepper Hamilton Sanders LLP (included in Exhibit 8.1). 99.1 Press Release, dated September 3, 2024. 99.2 Press Release, dated September 3, 2024. 99.3 Press Release, dated September 5, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES 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. Independence Realty Trust, Inc. September 5, 2024 By: /s/ James J. Sebra Name: James J. Sebra Title: President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR