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CUMBERLAND, IND. — Independence Realty Trust Inc. has acquired a 354-unit apartment community in Cumberland, an eastern suburb of Indianapolis, for $13.3 million. The property was constructed in 1970, and the previous owner invested more than $3.5 million into renovations during the past three years. The property includes a mix of one-, two-, three- and four-bedroom townhome and garden-style apartments. The average occupancy of the property at the time of the acquisition was 98 percent.