Creating a leading regional market

multifamily platform

May 2015

Exhibit 99.2

2

Disclaimer

This presentation may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as

amended. These forward-looking statements which are based on current expectations, estimates and projections about the industry and markets in which Independence Realty Trust, Inc. (“IRT”) and Trade

Street Residential, Inc. (“TSRE”) operate and beliefs of and assumptions made by IRT management and TSRE management, involve uncertainties that could significantly affect the financial results of IRT or

TSRE or the combined company. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” variations of such words and similar expressions are intended to identify such

forward-looking statements, which generally are not historical in nature. Such forward-looking statements include, but are not limited to, statements about the anticipated benefits of the business combination

transaction involving IRT and TSRE, including future financial and operating results (such as FFO), and the combined company’s plans, objectives, expectations and intentions. All statements that address

operating performance, events or developments that we expect or anticipate will occur in the future – including statements relating to expected synergies, improved liquidity and balance sheet strength – are

forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the

expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and therefore, actual outcomes and results

may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) national, regional and

local economic climates, (ii) changes in financial markets and interest rates, or to the business or financial condition of either company or business (iii) changes in market demand for rental apartment homes

and competitive pricing, (iv) risks associated with acquisitions, including the integration of the combined companies’ businesses, (v) maintenance of real estate investment trust (“REIT”) status, (vi) availability

of financing and capital, (vii) risks associated with achieving expected revenue synergies or cost savings, (viii) risks associated with the companies’ ability to consummate the merger on the terms described or

at all and the timing of the closing of the merger; (ix) dividends are subject to the discretion of our Board of Directors, and will depend on our financial condition, results of operations, capital requirements,

compliance with applicable laws and agreements and any other factors deemed relevant by our Board, (x) risks associated with pursuing additional strategic acquisitions, including risks associated with the

need to raise large amounts of additional capital to fund the acquisitions, and (xi) those additional risks and factors discussed in reports filed with the Securities and Exchange Commission (“SEC”) by IRT and

TSRE from time to time, including those discussed under the heading “Risk Factors” in their respective most recently filed reports on Forms 10-K and 10-Q. Neither IRT nor TSRE undertakes any duty to

update any forward-looking statements appearing in this presentation.

This communication does not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities or a solicitation of any vote or approval. This communication relates to a proposed

business combination between Independence Realty Trust, Inc. (“IRT”) and Trade Street Residential, Inc. (“Trade Street”). In connection with this proposed business combination, IRT and/or Trade Street may

file one or more proxy statements, registration statements, proxy statement/prospectus or other documents with the SEC. This communication is not a substitute for any proxy statement, registration statement,

proxy statement/prospectus or other document IRT and/or Trade Street may file with the SEC in connection with the proposed transaction. INVESTORS AND SECURITY HOLDERS OF IRT AND TRADE

STREET ARE URGED TO READ THE PROXY STATEMENT(S), REGISTRATION STATEMENT(S), PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS THAT MAY BE FILED WITH THE

SEC CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Any definitive proxy statement(s) (if and when

available) will be mailed to stockholders of Trade Street and/or IRT, as applicable. Investors and security holders will be able to obtain free copies of these documents (if and when available) and other

documents filed with the SEC by IRT and/or Trade Street through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with the SEC by IRT will be available free of charge

on IRT’s internet website at http://www.irtreit.com or by contacting IRT’s Investor Relations Department by email at aviroslav@irtreit.com or by phone at +1-215-243-9000. Copies of the documents filed with

the SEC by Trade Street will be available free of charge on Trade Street’s internet website at http://www.tradestreetresidential.com or by contacting Trade Street’s Investor Relations Department by email at

ir@trade-street.com or by phone at +1-786-248-6099.

IRT, Trade Street, their respective directors and certain of their respective executive officers may be considered participants in the solicitation of proxies in connection with the proposed transaction.

Information about the directors and executive officers of IRT is set forth in its Annual Report on Form 10-K for the year ended December 31, 2014, which was filed with the SEC on March 16, 2015, and its

proxy statement for its 2015 annual meeting of stockholders, which was filed with the SEC on April 7, 2015.  Information about the directors and executive officers of Trade Street is set forth in its Annual

Report on Form 10-K/A for the year ended December 31, 2014, which was filed with the SEC on March 25, 2015. These documents can be obtained free of charge from the sources indicated above.

Additional information regarding the participants in the proxy solicitations and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy

statement/prospectus and other relevant materials to be filed with the SEC when they become available.

SAFE HARBOR STATEMENT UNDER THE PRIVATE LITIGATION REFORM ACT OF 1995

IMPORTANT INFORMATION FOR INVESTORS AND STOCKHOLDERS

PARTICIPANTS IN SOLICITATIONS

Transformative combination

IRT has entered into a definitive merger agreement to acquire TSRE

–

Accelerates IRT’s regional market expansion strategy, creating one of the leading regional market

multifamily platforms

–

TSRE

assets

provide

enhanced

geographic

diversity

within

targeted

regions;

exposure

to

8

new

high

quality regional markets and increased presence in 3 existing markets

(a)  Pro forma for acquisition of 236-unit property in Indianapolis, Indiana on May 1, 2015.

(b)  Based on LTM 3/31/2015 financials.

(c)  Based on 2015E NOI.

(d)  Based on monthly dividend of $0.06 per month.

Source: Company filings

–

Combined

scale

will

provide

an

enhanced

platform

to

pursue

accretive

acquisitions

and

transformational

opportunities

–

Number

of

properties

increase

from

31

to

50

(a)

–

Number

of

units

increase

55%

from

9,055

to

14,044

(a)

–

Increased market capitalization will improve liquidity to shareholders

–

TSRE assets amongst the newest in the multifamily REIT space with average property age of 11 years

–

Increases

operating

efficiency

with

pro

forma

NOI

margin

of

55%

(b)

–

Improves

portfolio

diversification

with

class

A

assets

now

constituting

45%

of

combined

company

(c)

–

Improves average base rents from $827 to $902 with additional upside from strong leasing momentum

and positive releasing spreads

–

TSRE same store NOI growth of 9% quarter-over-quarter for Q1 2015

–

Expected to be accretive to 2016 Core FFO and AFFO per share, based on management estimates

–

Significant identified run-rate cost savings and NOI upside from value-add capex

–

Strong balance sheet and lower cost of capital to drive future accretive growth

–

Well

positioned

to

continue

to

grow

current

quarterly

dividend

of

$0.18

per

share

(d)

1

2

3

4

Enhanced

scale

Improved

portfolio

quality

Accelerates

market

penetration

Immediate

financial

benefit

3

4

Transaction overview

Transaction

–

Independence Realty Trust, Inc. (“IRT”) has entered into a definitive agreement to acquire all outstanding shares of

Trade Street Residential, Inc. (“TSRE”)

–

Senator Investment Group LP and Monarch Alternative Capital LP, who own ~25% and ~23% of TSRE, respectively,

and RAIT Financial Trust, who owns ~23% of IRT, have entered into a voting agreement supporting the transaction

–

IRT will expand its Board of Directors from 5 to 7 with the inclusion of Mack Pridgen, Chairman of the TSRE Board,

and Richard Ross, President and CEO of TSRE

Consideration

–

Cash consideration between $3.80 per share (50% cash) and $4.56 per share (60% cash) (“Cash Consideration”) at

IRT’s election

–

Exchange ratio of 0.411x and 0.329x for 50% and 60% Cash Consideration, respectively, based on the quotient of (i)

$7.60 minus the Cash Consideration over (ii) the $9.25 fixed exchange price

Financing

commitments

–

IRT has secured $500 million of committed financing for this transaction

Dividend and

financial benefits

–

IRT expects to maintain its current quarterly dividend of $0.18 per share

(a)

–

Transaction is expected to be accretive to 2016E Core FFO and AFFO per share, based on management estimates

–

Pro forma leverage of the combined company expected to be in-line with target leverage levels

–

Potential to delever post transaction from organic growth and asset sales

Improved asset

management fee

structure

–

In conjunction with the transaction, the IRT and RAIT Boards have approved a new asset management fee construct

–

Base asset management fee changed from 0.75% of total assets to 1.5% of cumulative equity issued; expects to result

in meaningful savings for the combined company

Synergy potential

–

Significant identified run-rate cost savings and NOI upside from value-add capex

Timing

–

Transaction expected to close during Q3 2015, subject to customary closing conditions including shareholder approval

of both IRT and TSRE shareholders

(a)  Based on monthly dividend of $0.06 per month.

5

The combination will provide enhanced scale…

($ in millions)

Properties

(a)

31

19

50

Units

(a)

9,055

4,989

14,044

Markets

16

11

24

LTM Revenues

$63

$61

$124

LTM NOI

(b)

$33

$35

$68

Note:  Market data as of 5/8/2015; financial and operating metrics as of 3/31/2015.

(a)  Portfolio data pro forma for the acquisition of 236-unit property in Indianapolis, Indiana announced on May 1, 2015.

(b)  NOI defined as as-reported property operating revenues less property level expenses.

Source: Company filings

Combined company expected to have over $1.4 billion of total capitalization and over $500 million of

equity market capitalization

1

6

…and is a continuation of IRT’s regional market expansion strategy

Oklahoma Portfolio

Purchase Date

February 28, 2014

MSA

Oklahoma City, OK

Average age

(b)

31 years

Number of Units

1,658

Acquisition Price

$65 million

Average Base Rent

(c)

$642

Occupancy

(c)

92%

Louisville Portfolio

Purchase Date

December 8, 2014

MSA

Louisville, KY

Average age

(b)

29 years

Number of Units

1,549

Acquisition Price

$162 million

Average Base Rent

(c)

$879

Occupancy

(c)

95%

Trade Street Residential

Announce Date

May 11, 2015

MSA

Various

Average age

(b)

11 years

Number of Units

4,989

Acquisition Price

~$650 million

Average Base Rent

(c)

$1,034

Occupancy

(c)

96%

1

(a)  Pro forma for TSRE acquisition announced on May 11, 2015 and acquisition of 236-unit property in Indianapolis, Indiana on May 1, 2015.

(b)  Weighted average based on units.

(c)  As of 3/31/2015.

Source: Company filings, Real Capital Analytics

Since January 2014, IRT has acquired 40 properties totaling 11,254 units, representing ~4x unit growth

(a)

7

Average portfolio age of public multifamily universe

(b)

The combination will result in improved operating margins, portfolio

quality and average age

Note:  Financial and operating metrics as of 3/31/2015, unless otherwise noted.

(a)  Based on 2015E NOI.

(b)  Weighted average years based on units.

Source: Company filings, CoStar, Real Capital Analytics

2

A

73%

B

27%

B

47%

A

45%

C

8%

B

62%

A

25%

C

13%

39

31

25

20

17

14

13

12

11

Property class

breakdown

(a)

Average base rent

$827

$1,034

$902

Occupancy

94.0%

95.5%

94.5%

LTM NOI margin

52.9%

57.7%

55.3%

TSRE’s assets have high occupancy and ABR…

Fountains Southend

Millenia 700

Location

Orlando, FL

Year Built / Renovated

2012

Number of units

297

Year completed

2012

Average base rent

$1,226

Occupancy

97.0%

Average unit size (square feet)

952

Class A apartment building developed in

2012 and located in the South Central

submarket of Orlando

Strategically located just off Interstate 4, on

the ring road of The Mall at Millenia, which

consistently ranks as one of the top 10 malls

by sales per square foot in North America

Orlando is ranked by Forbes as the fourth

fastest growing city in America, with record

population gains of nearly 34.2% since 2000

(national average less than 10%)

2

Location

Charlotte, NC

Year Built / Renovated

2013

Number of units

208

Year completed

2013

Average base rent

$1,247

Occupancy

97.9 %

Average unit size (square feet)

844

Class A multifamily community located just

outside of downtown Charlotte, which boasts

65,000 employees and many entertainment

destinations

Located in one of the most favorable

submarkets in the Charlotte MSA

Key highlights

Key highlights

Note: Operating metrics as of 3/31/2015.

8

9

…and will significantly enhance IRT’s portfolio quality

Talison Row at Daniel Island

Miller Creek at Germantown

Location

Daniel Island, SC

Year Built / Renovated

2013

Number of units

274

Year completed

2013

Average base rent

$1,383

Occupancy

95.6%

Average unit size (square feet)

989

Class A apartment building developed in

2013 and located in Daniel Island

Island town with traditional neighborhoods

integrated with green spaces, open water

access, highly acclaimed golf courses and a

vibrant downtown core filled with fine dining

and office space

Desirable neighborhood demographics

with average household income exceeding

$100,000, and an average housing value of

$575,000

2

Location

Memphis, TN

Year Built / Renovated

2012 / 2013

Number of units

330

Year completed

2013

Average base rent

$1,117

Occupancy

97.9%

Average unit size (square feet)

1,049

Class A apartment community developed

in 2013, located in Memphis

Widely considered to be one of the most

affluent and best performing submarkets of

Memphis Strong demographics are driven by

Nonchonnah Office Corridor (which includes

the FedEx world headquarters), Baptist

Medical Complex, and numerous retail

locations

Great visibility from Winchester Road, with

immediate access to Bill Morris Parkway

Key highlights

Key highlights

Note: Operating metrics as of 3/31/2015.

10

TSRE’s complementary portfolio increases IRT’s geographic diversification, adding exposure to 8 new

high quality regional markets and increasing presence in 3 existing markets

Accelerates penetration of high-growth regional markets

TSRE market statistics

2015E –

2019E CAGR

Market

Units

Pop.

growth

Job

growth

Asheville

(a)

252

2.1%

2.2%

Atlanta

(b)

864

1.8%

2.0%

Charleston

518

1.5%

1.1%

Charlotte

208

2.3%

2.0%

Chattanooga

295

0.9%

1.3%

Dallas

734

2.0%

2.4%

Greenville

346

1.4%

1.2%

Huntsville

178

1.4%

2.1%

Memphis

(b)

521

0.7%

1.1%

Orlando

297

2.7%

2.3%

Raleigh-Durham

(b)

776

2.1%

2.2%

Total

4,989

1.7%

1.8%

US average

1.0%

1.4%

3

Note:  Portfolio data as of 3/31/2015.

(a)  Data not available through REIS market research; Raleigh-Durham, closest TSRE existing market, statistics applied.

(b)  Market with existing IRT properties.

(c)  IRT markets not shown: Phoenix, Tucson, and Denver.

Source: Company filings, REIS

Existing

Independence

Realty

Trust

properties

(c)

Trade Street Residential

11

The combined company will have one of the lowest G&A costs in the multifamily industry

Note: New IRT G&A includes asset management fees.

(a)  Based on 2014A financial data, except for New IRT, which is

pro forma 2015E.

Source: Company filings

4

G&A as % of total assets

(a)

Average: 0.6%

As a part of the transaction, IRT and RAIT have agreed to change

the base asset management

construct from 0.75% of total assets to 1.5% of cumulative equity issued

–

Expected to result in meaningful cost savings for the combined company

Significant identified run-rate cost savings and NOI upside from value-add capex

Potential for additional upside from strong leasing momentum, positive re-leasing spreads, and

property management efficiencies

–

TSRE same-store NOI growth of 9% quarter-over-quarter for Q1 2015

1.4%

0.8%

0.8%

0.7%

0.7%

0.6%

0.4%

0.3%

0.3%

0.2%

0.6%

TSRE

CPT

PPS

AIV

UDR

HME

ESS

MAA

AVB

EQR

New IRT

Embedded growth opportunities and meaningful synergy potential

12

Enhanced scale

Improved portfolio quality

Accelerates market penetration

Immediate financial benefit

Transformative combination