TRADE STREET RESIDENTIAL INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adeq...

NEW ORLEANS, May 11, 2015 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Trade Street Residential, Inc. ("Trade Street" or the "Company") (NASDAQ: TSRE) to Independence Realty Trust, Inc. (NYSE MKT: IRT). Under the terms of the proposed transaction, shareholders of Trade Street will receive only $3.80 in cash and 0.4108 shares of IRT stock for each share of ­Trade Street that they own, resenting an implied price per share of $7.60 based on the agreed upon "Reference Price" of $9.25 for IRT shares. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ([e-mail]) or partner Michael J. Palestina ([e-mail]) toll free at any time at 855-768-1857.

To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.

Kahn Swick & Foti, LLC
206 Covington St.
Madisonville, LA 70447

 

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SOURCE Kahn Swick & Foti, LLC

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