CEO of Multifamily REIT Independence Realty Says Shift to Renting Has Staying Power

Scott Schaeffer, chairman and CEO of Independence Realty Trust, Inc. (NYSEMKT: IRT), joined Nareit for a video interview at REITworld 2017.

Independence Realty is a multifamily REIT with a strategy of owning B-class assets in non-gateway markets where there is a supply-demand imbalance, according to Schaeffer.

Schaeffer said he believes the current trend toward renting versus buying a home has “long-term staying power.”