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Independence Realty Progresses on Apartment Sale Strategy

Nine of 10 Properties Initially Targeted Have Traded Hands, REIT Says
Westmont Commons, a 252-unit apartment complex in Asheville, North Carolina, traded hands for nearly $50 million last month. (CoStar)
Westmont Commons, a 252-unit apartment complex in Asheville, North Carolina, traded hands for nearly $50 million last month. (CoStar)

Independence Realty Trust, a Philadelphia-based multifamily real estate investment trust, said it has completed deals for nine of the 10 apartment complexes it set out to sell in October.

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