Independence Realty Trust, Inc. (the "Company") today announced that it has commenced a public offering of 4,000,000 shares of its common stock. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 600,000 shares of its common stock, solely to cover overallotments, if any. The Company’s common stock has been approved for listing, subject to official notice of issuance, on the NYSE MKT under the symbol "IRT." The Company intends to use the net proceeds from the offering to acquire additional properties, redeem all outstanding preferred securities and for general corporate purposes. Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE MKT: LTS), William Blair, JMP Securities and Compass Point are acting as joint book-running managers for the offering. National Securities Corporation, a wholly owned subsidiary of National Holdings, Inc. (OTCBB:NHLD), is acting as lead manager and Aegis Capital Corp, C&Co/PrinceRidge and Drexel Hamilton are acting as co-managers. The offering will be made only by means of a prospectus. Copies of the preliminary prospectus relating to the offering, when available, may be obtained by contacting Ladenburg Thalmann & Co. Inc., Attn: Syndicate Department, 58 South Service Road, Suite 160, Melville, New York 11747, or by telephone at (800) 573-2541. A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted before the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful before registration or qualification thereof under the securities laws of any such state or jurisdiction.