Exhibit 10.6

[Specimen Award to IRT Non-EO Employees]

INDEPENDENCE REALTY TRUST, INC.

LONG TERM INCENTIVE PLAN

RESTRICTED STOCK AWARD CERTIFICATE

To the Grantee Named Below:

You have been granted Restricted Stock of Independence Realty Trust, Inc. (the “Company”) under Section 9.1 of the Independence Realty Trust, Inc. Long Term Incentive Plan (the “Plan”).  This Restricted Stock Award Certificate (the “Award Certificate”) sets forth the aggregate number of shares under this Award and its terms and conditions.  This Award is contingent upon your acknowledgement and acceptance of the terms and conditions as set forth in this Award Certificate and in the Plan.

Restricted Stock Grant Award Certificate

This Award Certificate and the Restricted Stock granted hereunder are granted under and governed by the terms and conditions of the Plan, the provisions of which are incorporated herein by reference.  Additional provisions regarding your Restricted Stock and definitions of capitalized terms used and not defined in this Restricted Stock can be found in the Plan.  Any inconsistency between this Award Certificate and the Plan shall be resolved in favor of the Plan. The Participant hereby acknowledges receipt of a copy of the Plan. The invalidity or unenforceability of any provisions of this Award Certificate shall not affect the validity or enforceability of any other provision of this Award Certificate, which shall remain in full force and effect.  In the event that any provision of this Award Certificate or any word, phrase, clause, sentence, or other portion hereof (or omission thereof) should be held to be unenforceable or invalid for any reason, such provision or portion thereof shall be modified or deleted in such a manner so as to make this Award Certificate as so modified legal and enforceable to the fullest extent permitted under applicable law.

BY SIGNING BELOW AND ACCEPTING THIS AWARD CERTIFICATE AND THE RESTRICTED STOCK GRANTED HEREUNDER, YOU AGREE TO ALL OF THE TERMS AND CONDITIONS DESCRIBED HEREIN AND IN THE PLAN.  YOU ALSO ACKNOWLEDGE RECEIPT OF THE PLAN.

INDEPENDENCE REALTY TRUST, INC.GRANTEE

By: _______________________________________________________________

Name:  James J. Sebra

Title: Chief Financial Officer & Treasurer

INDEPENDENCE REALTY TRUST, INC.

TWO LOGAN SQUARE

100 N. 18^TH STREET

PHILADELPHIA, pa 19103

To:Participants Receiving Share Awards

Re:“83(b) Election” for Federal Income Tax Treatment

You have been awarded Common Shares of Independence Realty Trust, Inc. (“Common Shares”) pursuant to the Independence Realty Trust, Inc. Long Term Incentive Plan (the “Plan”) as described in the Restricted Stock Award Certificate (the “Award”).  This memorandum outlines the tax treatment of the Award, and explains the opportunity you have to impact that treatment if you make an appropriate election as provided under Section 83(b) of the Internal Revenue Code (“Code”), or an “83(b) election”.  This memorandum is for information purposes only and should not be construed as tax or financial planning advice.  You should consult with your personal tax advisor to determine the most appropriate course based on your personal financial goals.  

Federal Income Taxes

The Award consists of Common Shares, the Fair Market Value of which is taxed at ordinary income rates when the restrictions applicable to the Common Shares lapse and you become “vested” in such Common Shares.  The vesting schedule of the Common Shares is set forth in your Award.  The Award provides that you may elect to satisfy any withholding tax arising on a vesting date by having Common Shares and related dividends subject to the Award withheld with a Fair Market Value equal to the tax due.

Under Section 83(b) of the Code, you have the option of electing to include as ordinary income in your taxable income for 2017 the Fair Market Value at the grant date of some or all of the unvested Common Shares included in the Award.  An 83(b) election allows you to defer the remaining tax on the appreciation on the Common Shares, if any, that occurs during the vesting period until you sell or otherwise dispose of the Common Shares.  Any appreciation or depreciation of the Common Shares at disposition will be taxable as a capital gain or loss, respectively.  The risk, however, is that if you do not vest in the Common Shares included in the Award after having made a Section 83(b) election, you will have paid federal income taxes on property that will be forfeited and the taxes paid are not deductible.  In addition, any withholding taxes due when you make an 83(b) election must be paid in cash and cannot be satisfied by having Common Shares and related dividends subject to the Award withheld.

Under your current Award, if you make an 83(b) election, you are required to include in your 2017 ordinary income an amount equal to the product resulting from multiplying the Fair Market Value of a Common Share on the grant date by the number of Common Shares in your Award subject to your 83(b) election.  You will have no additional tax liability when vesting occurs.  When you sell any Common Shares in your Award, any appreciation in excess of the Fair Market Value of a Common Share on the grant date will be taxed as capital gain.

If you do not make an 83(b) election, the Fair Market Value of such Common Shares on the vesting date, including any appreciation after the date of grant, will be includable as ordinary income in the year when the Common Shares vest.  

Code Section 83(b) election

A copy of the 83(b) election form is included with your Award Certificate.  The 83(b) election must be filed with the IRS within 30 days of the grant date of the Award.  This initial filing must be made with the Internal Revenue Service Center with which you file your Federal income tax returns.  Additionally, you are required to file a copy of your 83(b) election (1) with your income tax return for the taxable year in which you receive the Award  (in this case, your 2017 tax return) and (2) with the Company Human Resources department.  The 83(b) election is irrevocable except with the consent of the IRS.  You need not make the election with respect to all of the Common Shares granted in the Award.