Independence Realty Trust Appoints Craig Macnab to its Board of Directors - Seite 2

ALM has agreed to abide by certain customary standstill and voting commitments, including supporting the Board’s slate of directors, subject to limited exceptions. The cooperation agreement will be filed by the Company with the U.S. Securities and Exchange Commission (“SEC”) as an exhibit to a related Current Report on Form 8-K.

Citigroup served as financial advisor and Latham & Watkins served as legal advisor to the Company.

About Craig Macnab

Craig Macnab has served on the Board of VICI Properties Inc. (NYSE: VICI) since 2017, as the Chairman of the Compensation Committee since 2019, and as a member of the Audit Committee since 2020. He has also served on the Board of American Tower Corporation (NYSE: AMT) since 2014 and as the Chairman of the Compensation Committee since 2018. Prior to these appointments, he served as CEO of National Retail Properties, Inc. (NYSE: NNN) for 13 years and Chairman for nine years. He has also sat on the Boards of Forest City Realty Trust, Inc. (formerly NYSE: FCEA), DDR Corporation (formerly NYSE: DDR), Eclipsys Corporation (formerly NASDAQ: ECLP), JDN Realty Corporation (formerly NYSE: JDN) and Per-Se Technologies, Inc. (formerly NASDAQ: PSTI). Mr. Macnab earned his Bachelor of Commerce degree in Economics and Accounting from the University of Witwatersrand and a Master of Business Administration from Drexel University.

About Independence Realty Trust, Inc.

Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily communities, across non-gateway U.S. markets including Atlanta, GA, Dallas, TX, Denver, CO, Columbus, OH, Indianapolis, IN, Raleigh-Durham, NC, Oklahoma City, OK, Nashville, TN, Houston, TX, and Tampa, FL. IRT’s investment strategy is focused on gaining scale near major employment centers within key amenity rich submarkets that offer good school districts and high-quality retail. IRT aims to provide stockholders attractive risk-adjusted returns through diligent portfolio management, strong operational performance, and a consistent return on capital through distributions and capital appreciation. More information may be found on the Company’s website www.irtliving.com.