Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Trade Street Residential Inc (NASDAQ: TSRE) acted responsibly on behalf of investors’ profitability in the planned $500 million sale to Independence Realty Trust Inc (NYSE: IRT).

On May 11, 2015, Trade Street Residential Inc (NASDAQ: TSRE) and Independence Realty Trust Inc (NYSE: IRT) announced that they had entered into a merger agreement. Under the terms of the merger agreement, Trade Street investors will receive $3.80 in cash and 0.4108 of a newly-issued Independence Realty share for each share of Trade Street Residential. This offer represents the equivalent of $7.60 in value to Trade Street stockholders. The transaction is valued at approximately $500 million, including net debt.  

Based in Aventura, FL, and founded in 1980 Trade Street Residential Inc acquires, owns, operates, and manages garden-style and mid-rise apartment communities. Trade Street owns and operates apartment communities in Alabama, Florida, Georgia, Kentucky, North Carolina, South Carolina, Tennessee, and Texas.

The investigation is looking to uncover whether Trade Street Residential Inc was undervalued at the cost of the shareholders considering one analyst’s opinion of their stock is valued at $ 9.50 per share.

If you purchased Trade Street Residential Inc (NASDAQ: TSRE) prior to May 11 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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