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  "documentTitle": "Independence Realty Trust | Investor Presentation Deck | 55 slides",
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      "text": "Higher income residents move down in a recession\nRenters move down to Class B as rent increases outstrip income growth",
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      "text": "Capture households moving down in a recession\nCapture seniors who sell homes to fund retirement\nCapture individuals/families moving up with career progression",
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