Mr. Scott F. Schaeffer has been the Chief Executive Officer at Independence Realty Trust, Inc. since February 8, 2013 and has been its Chairman since January 2011. Mr. Schaeffer has been Consultant of RAIT Financial Trust since December 14, 2016 and served as its Chief Executive Officer from February 22, 2009 to December 14, 2016 and served as its Chairman of the Board of Trustees since December 31, 2010 until October 18, 2016. Previously, Mr. Schaeffer served as President of RAIT Financial Trust from February 22, 2008 to January 29, 2014, Chief Operating Officer from February 2008 to February 2009 and Co-President and Co-Chief Operating Officer from December 11, 2006 to February 2008. He served as the President of Independence Realty Trust, Inc. since February 8, 2013 until August 2014. He served as the President at Resource Properties Inc. from 1992 to 2000, Director from 1998 to October 2002 and its Vice Chairman from 1998 to 2000. Previously, Mr. Schaeffer served as an Executive Vice President at the Resource Properties from 1997 to 1998 and its Senior Vice President from 1995 to 1997. He has been the Chairman of the board at Independence Mortgage Trust, Inc. since October 2011. Mr. Schaeffer holds a Bachelor of Science in Commerce from Rider University in Lawrenceville, New Jersey.