Trade Street Residential, Inc.

Shareholder Corporation Litigation

Rigrodsky & Long, P.A. Announces Investigation Of Trade Street Residential, Inc. (NASDAQ GM: TSRE) Buyout

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Trade Street Residential, Inc. (“Trade Street” or the “Company”) (NASDAQ GM: TSRE) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Independence Realty Trust, Inc. (“IRT”) (NYSE MKT: IRT).

Under the terms of the agreement, shareholders of Trade Street will receive 0.4108 shares of IRT and $3.80 in cash for each share of Trade Street common stock owned.  Based on IRT’s closing price on May 8, 2015, Trade Street shareholders would have received compensation valued at approximately $7.32 per share.

The investigation concerns whether Trade Street’s board of directors failed to adequately shop the Company and obtain the best possible value for Trade Street’s shareholders before entering into an agreement with IRT.  According to Yahoo! Finance, at least one analyst has issued a price target for Trade Street stock at $8.50 per share.

If you own the common stock of Trade Street and purchased your shares before May 11, 2015, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

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