Same-store NOI increased 1.2%, supported by 0.9% same-store revenue growth and a 0.5% increase in same-store operating expenses. Like-term new lease trade-outs improved from negative 3.9% in the first quarter to negative 2.7% in the second quarter, then to negative 1.1% in July. Renewal spreads increased from 3.2% in the first quarter to 4.1% in the second quarter and 4.6% in July. The property was 36% occupied in the second quarter and improved to 42% in July. About Independence Realty Trust (NYSE:IRT)Independence Realty Trust is a self-administered equity real estate investment trust that acquires, redevelops and manages multi-family communities.