TRADE STREET SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of Trade Residential, Inc. Over the Proposed Sale of the Company to Independence Realty Trust - TSRE

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Trade Street Residential, Inc.

News provided by

Faruqi & Faruqi, LLP

May 22, 2015, 05:33 ET

NEW YORK, May 22, 2015 /PRNewswire/ – Faruqi & Faruqi, LLP, a leading national securities firm, is investigating the Board of Directors of Trade Street Residential, Inc. ("Trade Street" or the "Company") (Nasdaq: TSRE) for potential breaches of fiduciary duties in connection with the sale of the Company to Independence Realty Trust, Inc. ("IRT") (NYSE MKT: IRT) in a cash and stock deal. According to the terms of the deal, the Company's stockholders will receive $3.80 in cash and 0.4108 shares of IRT for each share of Trade Street common stock they own.

The deal values each Trade Street share at approximately $7.60, based on an agreed upon reference price of $9.25 for IRT shares. Analysts have set price targets as high as $9.50 for a share of Trade Street.

Click here for more information: www.faruqilaw.com/TSRE. There is no cost or obligation to you.

The investigation focuses on whether Trade Street's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Trade Street's shareholders.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.

If you own common stock in Trade Street and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/TSRE or contact Juan E. Monteverde, Esq. either via e-mail at [email protected] or by telephone at (877) 247-4292 or (212) 983-9330.

Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
[email protected]
Toll Free: (877) 247-4292
Phone: (212) 983-9330

Attorney Advertising. (C) 2015 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.

Logo - http://photos.prnewswire.com/prnh/20120119/MM38856LOGO

SOURCE Faruqi & Faruqi, LLP