Shearman & Sterling advised Citibank, N.A. and KeyBank National Association as joint lead arrangers in connection with a $350 million senior unsecured revolving credit facility for Independence Realty Operating Partnership, the operating partnership of Independence Realty Trust, a REIT that owns and manages apartment communities primarily in the Southeast and Midwest of the United States.

The amended and restated credit agreement increases the size of IRT’s revolving credit facility by $50 million, extends maturities by two years to May 2023 and lowers borrowing costs.

The Shearman & Sterling team below included associate Elizabeth Martialay.

The Team