X0306 4 2016-10-05 1 0001466085 INDEPENDENCE REALTY TRUST, INC IRT 0001045425 RAIT Financial Trust TWO LOGAN SQUARE, 100 N. 18TH ST., 23 RD FL. PHILADELPHIA PA 19103 0 0 1 0 0001583922 Belle Creek Member, LLC TWO LOGAN SQUARE 100 N. 18TH ST., 23 RD FL. PHILADELPHIA PA 19103 0 0 1 0 0001583917 Centrepoint Member, LLC TWO LOGAN SQUARE 100 N. 18TH ST., 23 RD FL. PHILADELPHIA PA 19103 0 0 1 0 0001583915 Copper Mill Member, LLC TWO LOGAN SQUARE 100 N. 18TH ST., 23 RD FL. PHILADELPHIA PA 19103 0 0 1 0 0001583918 Crestmont Member, LLC TWO LOGAN SQUARE 100 N. 18TH ST., 23 RD FL. PHILADELPHIA PA 19103 0 0 1 0 0001583914 Cumberland Member, LLC TWO LOGAN SQUARE 100 N. 18TH ST., 23 RD FL. PHILADELPHIA PA 19103 0 0 1 0 0001583913 Heritage Trace Member, LLC TWO LOGAN SQUARE 100 N. 18TH ST., 23 RD FL. PHILADELPHIA PA 19103 0 0 1 0 0001583956 RAIT NTR Holdings, LLC TWO LOGAN SQUARE 100 N. 18TH ST., 23 RD FL PHILADELPHIA PA 19103 0 0 1 0 0001583912 Taberna IR Holdings Member, LLC TWO LOGAN SQUARE 100 N. 18TH ST., 23 RD FL. PHILADELPHIA PA 19103 0 0 1 0 0001583957 Tresa At Arrowhead Member, LLC TWO LOGAN SQUARE 100 N. 18TH ST., 23 RD FL. PHILADELPHIA PA 19103 0 0 1 0 Common Stock 2016-10-05 4 S 0 7269719 8.55 D 0 I See footnote These shares represent the aggregate number of shares that were sold by subsidiaries of RAIT Financial Trust, as follows: RAIT NTR Holdings, LLC-2,060,719, Belle Creek Member, LLC-352,500, Centrepoint Member, LLC-1,190,000, Copper Mill Member, LLC-736,500, Crestmont Member, LLC-675,000, Cumberland Member, LLC-690,000, Heritage Trace Member, LLC-550,000, Taberna IR Holdings Member, LLC-97,500, and Tresa At Arrowhead Member, LLC-917,500. These shares were sold at the first closing contemplated by the Securities and Asset Purchase Agreement dated as of September 27, 2016 by and among RAIT Financial Trust ("RAIT"), affiliates of RAIT named therein, Independence Realty Trust, Inc. and Independence Realty Operating Partnership, LP. /s/ Anders F. Laren, attorney-in fact 2016-10-06