Independence Realty Trust Inc. wrapped up its purchase of a multifamily apartment portfolio for $228.1 million.
The company closed the remaining five office assets in the nine-property portfolio, which consists of 2,352 total units, in the 2017 fourth quarter.
In addition, the multifamily residential real estate investment trust netted roughly $11.9 million from the issue of 1,164,900 ordinary shares during the fourth quarter of 2017 under its at-the-market offering program.