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  "documentTitle": "Independence Realty Trust | Investor Presentation Deck | 53 slides",
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      "text": "The homeownership rate was 65.7% in Q4 2023 down from an uptick in Q2 2020 to 67.9% and the 69.2% in Q4 2004 (the peak)",
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      "text": "The national Class B vacancy rate remains resilient to supply and demand shocks with 2024 projected spreads in vacancy rates between Class A & B, with Class B at 7.2% and Class A at 9.6%",
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      "text": "Homeownership Data Source: U.S Census Bureau as of Q4 2023.\nNew Completions (Supply) Data Source: CoStar Q4 2023 Data Release.",
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      "text": "Assets Demonstrate Attractive Apartment Industry Dynamics",
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