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TRADE STREET INVESTOR ALERT: Johnson & Weaver, LLP Launches an Investigation into the Proposed Sale of Trade Street Residential, Inc. and Encourages Investors to Contact the Firm for Additional Information
[May 11, 2015]

TRADE STREET INVESTOR ALERT: Johnson & Weaver, LLP Launches an Investigation into the Proposed Sale of Trade Street Residential, Inc. and Encourages Investors to Contact the Firm for Additional Information


Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of Trade Street Residential, Inc. (NASDAQ: TSRE) breached their fiduciary duties in connection with the proposed sale of the Company to Independence Realty Trust, Inc.

Additional Information:

Trade Street a real estate investment trust engages in acquiring, owning, operating, and managing garden-style and mid-rise apartment communities in mid-sized cities and suburban submarkets of larger cities primarily in the southeastern United States.

On May 11, 2015, Trade Street announced it had signed a definitive merger agreement with Independence Realty. Under the terms of the agreement, IRT will pay each Trade Street stockholder $3.80 in cash and 0.4108 of newly issued IRT common stock, this offer represents the equivalent of $7.60 in value to Trade Street stockholders.

The investigation concerns whether Trade Street's bord failed to satisfy their duties to the Company's shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for the Company's shares of common stock. Nationally recognized Johnson & Weaver, which focuses its practice on shareholder rights, is investigating whether the proposed deal price represents adequate consideration. One Wall Street analyst has a $9.50 price target on the stock which is more than the $7.60 offer price. Additionally, Trade Street's current annualized dividend payout has been yielding shareholders over 5%.



If you are a shareholder of Trade Street and believe the proposed buyout price is too low or you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker ([email protected]) at 619-814-4471. If emailing, please include a phone number where you can be reached.

About Johnson & Weaver, LLP:


Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.


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