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      "text": "Columbus, OH community acquired for $23.0mm in February 2018\nMiddle market community with 235 units that at the time of acquisition helped to increase our scale in the Columbus market\nAttractive Columbus submarket insulated from the new Class A construction\nOpportunity to reposition the community through value-add renovation\n97% occupied at acquisition\nIn-place asking rents approximately 7% below submarket competitive set\nStrong demand for upgraded community\nPotential for operating cost savings\nAdded to our value-add program in February 2020\nUpgrades include:\nStainless steel appliances\nPainted cabinet boxes with new doors and resurfaced countertops\nWashers and dryers in each unit\nClubhouse redesign with addition of business center\nNew layout for fitness center and upgraded playground\nLaundry room conversion to pet spa",
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      "text": "INDEPENDENCE\nREALTY TRUST",
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