Farrell Ender — President at Independence Realty Trust

Mr. Farrell M. Ender has been the President of Independence Realty Trust, Inc since August 2014. Mr. Ender served as the President of Independence Realty Advisors, LLC (IRA) since April 2013. He was a Senior Vice President at RAIT from October 2007 to December 2014 and as Vice President of RAIT from October 2002 to October 2007. His experience includes acquisition, property management, construction management and disposition of apartment properties. In his capacity as Senior Vice President of RAIT, he was responsible for investing and structuring both debt and equity financing in commercial real estate properties for RAIT. During that time period he invested over $1.2 billion on behalf of RAIT of which $833 million was directed into 65 apartment properties containing over 14,000 units. Previously, as a Vice President in RAIT's underwriting department, Mr. Ender was responsible for performing due diligence and underwriting for approximately $300 million of investments. Before joining RAIT, from 1999 to 2002, he held various real estate positions at Wachovia/Maher Partners, The Staubach Company and Toll Brothers. He received a BBA with a major in finance from James Madison University.