Ardsley Partners Ramps Up Independence Realty Trust Stake

Phil Hempleman's investment firm Ardsley Partners has filed a 13G with the SEC regarding their position in Independence Realty Trust (IRT).  Per the filing, they now own 5.4% of the company with over 1.73 million shares.

They've increased their stake by over 1 million shares since the end of the third quarter and the filing was required due to portfolio activity on November 20th.

Per Google Finance, Independence Realty Trust is "is a real estate investment trust (REIT). The Company holds a portfolio of multifamily properties and intends to invest in a diversified portfolio of multifamily properties."