Why One Fund Just Put $12.2 Million Into This Beaten-Down Multi-Family Apartment REIT

New York City-based Argosy-Lionbridge Management disclosed a new position in Independence Realty Trust, reporting the addition of 744,935 shares worth an estimated $12.2 million during the third quarter.According to a filing with the Securities and Exchange Commission (SEC) dated November 14, Argosy-Lionbridge Management initiated a new position in Independence Realty Trust (NYSE:IRT). The fund reported holding 744,935 shares valued at $12.2 million as of September 30, reflecting a new allocation equal to 8% of its reportable assets.Top holdings after the filing:  Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool