Independence Realty (IRT) closes merger with Steadfast Apartment.

Independence Realty Trust, Inc. (IRT) said today that it has closed the merger with Steadfast Apartment REIT, Inc., "forming a combined company with an equity market capitalization of approximately $5.6 billion and a total enterprise value of approximately $8.3 billion."

Established in 2011, Independence Realty Trust (IRT) is a small-cap equity REIT specializing in the acquisition and management of Class-B apartment properties in non-gateway markets.