A Pennsylvania real estate investment trust has canceled plans to acquire three Atlanta-area apartment complexes as it works to conserve cash and increase financial flexibility to mitigate the impact of the conronavirus pandemic.
Philadelphia REIT Cancels Plan to Buy Atlanta-Area Apartments to Conserve Cash
IRT Lets Letter of Intent Expire During Coronavirus Pandemic
By Tony Wilbert
CoStar News
April 10, 2020 | 7:35 P.M.
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IN THIS ARTICLE
- Properties
- 1835 Market Street
1835 Market St, Philadelphia, PA
- Waterstone at Big Creek
50 Estuary Trl, Alpharetta, GA
- Companies
- Independence Realty Trust, Inc.
Real Estate
- Contacts
- Scott Schaeffer
Chief Executive Officer