TRADE STREET RESIDENTIAL, INC. INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Trade Residential, Inc. Over the Proposed Sale of the Company to Independence Realty Trust, Inc.

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

NEW YORK--()--Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, 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. Interestingly, analysts have set price targets as high as $9.50 for a share of Trade Street, which means that the deal values each share approximately $1.90 less than analysts do.

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 jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

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Contacts

Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330

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