Trade Street Residential (TSRE) Posts Q1 FFO of 10c/Share
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Trade Street Residential Announces First Quarter 2015 Results
May 11, 2015 8:10 AM EDTPreviously Announced Agreement to Merge with Independence Realty Trust
Same Store NOI Increases 9.0% for First Quarter
Same Store Average Rent Increases 3.7% to $991 for First Quarter
Core FFO Increases to $0.10 Per Share for First Quarter
AVENTURA, Fla., May 11, 2015 (GLOBE NEWSWIRE) -- Trade Street Residential, Inc. (Nasdaq: TSRE) (the "Company"), a vertically integrated and self-managed real estate investment trust ("REIT") focused on acquiring, owning, operating and managing high-quality, conveniently located, apartment communities in mid-sized cities and suburban submarkets of... More
Independence Realty Trust Announces Definitive Merger Agreement to Acquire Trade Street Residential
May 11, 2015 8:09 AM EDTPHILADELPHIA and AVENTURA, Fla., May 11, 2015 (GLOBE NEWSWIRE) -- Independence Realty Trust, Inc. ("IRT") (NYSE MKT: IRT) and Trade Street Residential, Inc. ("Trade Street") (Nasdaq: TSRE) jointly announced that IRT and TSRE have signed a definitive merger agreement pursuant to which IRT has agreed to acquire all of the outstanding common stock of Trade Street for a mix of cash and stock, creating a leading, regional market focused, multifamily REIT. Â
Under the terms of the definitive merger agreement, IRT will pay each Trade Street stockholder $3.80 in cash and... More
