Compass Point Downgrades Trade Street Residential (TSRE) to Neutral

Go back to Compass Point Downgrades Trade Street Residential (TSRE) to Neutral

Trade Street Residential Announces First Quarter 2015 Results

May 11, 2015 8:10 AM EDT

Previously 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 EDT

PHILADELPHIA 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.  

Under the terms of the definitive merger agreement, IRT will pay each Trade Street stockholder $3.80 in cash and... More