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BRIEF-Independence Realty Trust sells 320 unit apartment property in Austin, Texas for $32 mln
May 8, 2017 / 8:16 PM / 3 months ago

BRIEF-Independence Realty Trust sells 320 unit apartment property in Austin, Texas for $32 mln

May 8 (Reuters) - Independence Realty Trust Inc

* Independence REALTY TRUST sells 320 unit apartment property in Austin, Texas for $32 million

* Independence Realty- Expects to recognize gain of about $16.2 million associated with this sale, after transaction costs, in quarter ended June 30, 2017

* Independence Realty Trust Inc- IRT used $21.0 million dollars of proceeds from this sale to reduce its outstanding borrowings on its line of credit Source text for Eikon: Further company coverage:

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