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Independence Realty Trust Inc is a real estate investment trust (REIT) that acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. It owns and operates multifamily apartment properties, across non-gateway U.S markets, including Atlanta, Columbus, Dallas, Denver, Houston, Indianapolis, Nashville, Oklahoma City, Raleigh-Durham, and Tampa. The company is focused on gaining scale within key amenity-rich submarkets that offer school districts, retail, and various employment centers.

Prologis is an industrial real estate investment trust that was formed as a result of the 2011 merger between AMB Property and Prologis Trust, forging the world's largest owner and operator of logistics real estate across warehouses, distribution centers, and fulfillment facilities. The core business generates rental revenue by leasing logistics space to a diverse customer base of retailers, manufacturers, and e-commerce companies. As of September 2026, its portfolio of properties and development projects totaled about 1.3 billion square feet across 20 countries, concentrated near major population centers, ports, and transportation hubs, though the United States accounted for about 84% of net operating income.