Latest Trade Street Residential Inc (TSRE) Headlines
Trade Street Residential Schedules Fourth Quarter and Full Year 2013 Earnings Release and Conference Call
GlobeNewswire - Mon Mar 10, 6:13AM CDT
Trade Street Residential, Inc. (Nasdaq:TSRE) (the "Company"), a fully integrated owner and operator of high-quality apartment communities located primarily in the southeastern United States, today announced that the Company will release its fourth quarter and full year 2013 financial results after the market closes on Tuesday, March 18, 2014. A conference call will be held on Wednesday, March 19, 2014 at 11:00 a.m. Eastern time to review fourth quarter results, discuss recent events and conduct a question-and-answer period.
Trade Street Residential Announces Acquisition of Two Luxury Apartment Communities for $73.2 Million
GlobeNewswire - Tue Mar 04, 4:11PM CST
- Strengthens Presence in North Carolina and Georgia -
Trade Street Residential Announces Simplification of Capital Structure
GlobeNewswire - Mon Feb 24, 6:05AM CST
Trade Street Residential, Inc. (Nasdaq:TSRE) ("Trade Street" or the "Company"), a fully integrated owner and operator of high-quality apartment communities located primarily in the southeastern United States, today announced that it has reached an agreement with the holders of the Company's outstanding Class A preferred stock to redeem all outstanding shares of such preferred stock for an aggregate price of approximately $13.8 million. The Class A preferred stock has a face value of $30.9 million and was originally issued in June 2012 pursuant to the Company's formation and preparation for listing.
Trade Street Residential Announces Management Transition
GlobeNewswire - Mon Feb 24, 6:00AM CST
- Richard Ross Named Interim Chief Executive Officer -
Trade Street Residential Acquires the Aventine Greenville for $42 Million
GlobeNewswire - Thu Feb 06, 3:01PM CST
Trade Street Residential, Inc. (Nasdaq:TSRE) ("Trade Street" or the "Company"), a fully integrated owner and operator of high-quality apartment communities located primarily in the southeastern United States, today announced the acquisition of The Aventine Greenville, a newly constructed 346-unit Class A luxury apartment community located in Greenville, S.C., for approximately $42 million, or $121,000 per unit. The acquisition closed today, February 6, 2014.
Trade Street Residential Reports Taxable Composition of 2013 Distributions
GlobeNewswire - Wed Feb 05, 3:57PM CST
Trade Street Residential, Inc. (Nasdaq:TSRE) (the "Company"), a fully integrated owner and operator of high-quality apartment communities located primarily in the southeastern United States, today announced the 2013 tax treatment of the Company's common stock distributions, as described below. A copy of the Internal Revenue Service Form 8937 was posted to the Company's website. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of the Company's distributions.
Trade Street Residential Closes on $75 Million Syndicated Credit Facility
GlobeNewswire - Mon Feb 03, 6:00AM CST
Trade Street Residential, Inc. (Nasdaq:TSRE) (the "Company") announced today that on January 31, 2014 the Company's operating partnership, Trade Street Operating Partnership, LP, entered into a $75 million senior secured credit facility (the "Credit Facility") with Regions Bank as Lead Arranger and US Bank National Association as a participant.
Trade Street Residential (TSRE) Enters Overbought Territory - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Thu Jan 30, 5:42AM CST
Trade Street Residential (TSRE) Enters Overbought Territory
Nasdaq stocks posting largest percentage increases
AP - Wed Jan 22, 12:47PM CST
NEW YORK (AP) — A look at the 10 biggest percentage gainers on Nasdaq at 1 p.m.:
Trade Street Residential Acquires Two Luxury Apartment Communities for $81 Million
GlobeNewswire - Wed Jan 22, 6:15AM CST
Trade Street Residential, Inc. (Nasdaq:TSRE) (the "Company"), a fully integrated owner and operator of high-quality apartment communities located primarily in the southeastern United States, announced today that it has completed the previously announced acquisitions of two communities, containing 618 units for $81.0 million, in its core Southeast markets.
Trade Street Residential Announces Successful Completion of $150 Million Recapitalization
GlobeNewswire - Thu Jan 16, 3:10PM CST
Trade Street Residential, Inc. (Nasdaq:TSRE) ("Trade Street" or the "Company") announced today the completion of its previously announced $150 million recapitalization. The recapitalization transaction consisted of an offering of 15,797,788 shares of common stock at $6.33 per share to the holders of subscription rights granted to Trade Street's existing stockholders (the "Rights Offering") and a concurrent $50 million private placement (the "Private Placement") of shares of common stock to certain affiliates of Senator Investment Group LP (collectively, "Senator") at $6.33 per share. In addition, Senator had agreed to purchase all shares not purchased by holders of rights in the Rights Offering (the "Backstop Commitment"). Michael Baumann and David Levin, Trade Street's Chairman and Chief Executive Officer and President and Vice Chairman, respectively, agreed to purchase an aggregate of approximately $1.8 million of common stock in private placement concurrently with the closing of the Rights Offering.
Trade Street Residential Inc (TSRE) Enters Overbought Territory - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Fri Jan 03, 7:50AM CST
Trade Street Residential Inc (TSRE) Enters Overbought Territory
Trade Street Residential Announces Commencement of Rights Offering
GlobeNewswire - Thu Dec 26, 5:00AM CST
Trade Street Residential, Inc. (Nasdaq:TSRE) ("Trade Street" or the "Company"), announced today the commencement of its previously announced $100 million fully-backstopped common stock rights offering ("Rights Offering") to its stockholders. Under the terms of the rights offering, the Company will distribute at no charge to the holders of its common stock on December 16, 2013, the record date for the rights offering, one transferable right for every share of common stock owned. Each right will entitle the holder to purchase 1.3775 shares of common stock at a subscription price of $6.33 per share. The rights offering will expire at 5:00 p.m., New York City time, on January 10, 2014, unless extended by the Board of Directors. The rights will trade on the NASDAQ Global Market ("NASDAQ") under the symbol "TSRER" during the period commencing on December 26, 2013 and ending on January 9, 2014. The Company will voluntarily delist the rights on the NASDAQ on January 9, 2014 in order to allow trades in the rights to settle and purchasers of rights to exercise their subscription rights prior to the expiration of the Rights Offering on January 10, 2014. Because the rights will cease trading on the NASDAQ on January 9, 2014, the rights will not trade on the NASDAQ during any extension period.
Trade Street Residential Announces Dividend for the Fourth Quarter of 2013
GlobeNewswire - Mon Dec 02, 5:00AM CST
Trade Street Residential, Inc. (Nasdaq:TSRE) (the "Company"), a fully integrated owner and operator of high-quality apartment communities located primarily in the southeastern United States, today announced that its Board of Directors has declared a dividend of $0.095 per share on the Company's common stock for the fourth quarter of 2013. The fourth quarter dividend will be payable January 17, 2014 to stockholders of record on December 23, 2013.
Trade Street Residential Announces Proposed $150 Million Capital Raise Including $100 Million Transferable Rights Offering to Existing Stockholders and $50 Million Direct Equity Investment by Senator Investment Group LP
GlobeNewswire - Tue Nov 12, 7:01AM CST
Trade Street Residential, Inc. (Nasdaq:TSRE) ("Trade Street" or the "Company"), announced today a $100 million fully-backstopped common stock rights offering to its stockholders. The rights will have a subscription price of $6.33 per share (the "Subscription Price") and will be transferable. Investment entities managed by Senator Investment Group LP ("Senator") have agreed to back stop the rights offering by purchasing on the same terms any and all shares not subscribed through the exercise of rights or the oversubscription option (the "Backstop"). In addition, Senator has agreed to purchase $50 million of common stock from the Company in a separate private placement transaction (the "Direct Purchase") at the Subscription Price. The transactions are expected to raise net proceeds, after payment of offering and other expenses, of approximately $147.5 million. The Company intends to use the net proceeds to fund current committed and future acquisitions and to repay indebtedness. The Backstop and Direct Purchase are subject to approval by the Company's stockholders and satisfaction of certain customary closing conditions. The rights offering and Direct Purchase are expected to close late in the fourth quarter of 2013 or early in the first quarter of 2014.
Trade Street Residential Reports Third Quarter 2013 Results
GlobeNewswire - Thu Nov 07, 3:05PM CST
- NOI Increases 16.2% Compared to a Year Ago -
Trade Street Residential Schedules Third Quarter 2013 Earnings Release and Conference Call
GlobeNewswire - Mon Oct 14, 3:30PM CDT
Trade Street Residential, Inc. (Nasdaq:TSRE) (the "Company"), a fully integrated owner and operator of high-quality apartment communities located primarily in the southeastern United States, today announced that the Company will release its third quarter 2013 financial results after the market closes on Thursday, November 7, 2013. A conference call will be held on Friday, November 8, 2013 at 11:00 a.m. Eastern time to review third quarter results, discuss recent events and conduct a question-and-answer period.
Photo Release -- Trade Street Residential Acquires Talison Row at Daniel Island for $48 Million
GlobeNewswire - Tue Sep 03, 7:00AM CDT
- Gains Luxury Apartment Community Located in Award-Winning, Coastal South Carolina Community -
Trade Street Residential Appoints New Chief Financial Officer
GlobeNewswire - Thu Aug 29, 4:35PM CDT
- Company Hires Richard Ross as CFO -
Trade Street Residential Reports Second Quarter 2013 Results
GlobeNewswire - Mon Aug 12, 3:38PM CDT
- Acquires Two Class A Communities, Adding 500 Units to the Portfolio -
Trade Street Residential Schedules Fourth Quarter and Full Year 2013 Earnings Release and Conference Call
GlobeNewswire - Mon Mar 10, 6:13AM CDT
Trade Street Residential, Inc. (Nasdaq:TSRE) (the "Company"), a fully integrated owner and operator of high-quality apartment communities located primarily in the southeastern United States, today announced that the Company will release its fourth quarter and full year 2013 financial results after the market closes on Tuesday, March 18, 2014. A conference call will be held on Wednesday, March 19, 2014 at 11:00 a.m. Eastern time to review fourth quarter results, discuss recent events and conduct a question-and-answer period.
Trade Street Residential Announces Acquisition of Two Luxury Apartment Communities for $73.2 Million
GlobeNewswire - Tue Mar 04, 4:11PM CST
- Strengthens Presence in North Carolina and Georgia -
Trade Street Residential Announces Simplification of Capital Structure
GlobeNewswire - Mon Feb 24, 6:05AM CST
Trade Street Residential, Inc. (Nasdaq:TSRE) ("Trade Street" or the "Company"), a fully integrated owner and operator of high-quality apartment communities located primarily in the southeastern United States, today announced that it has reached an agreement with the holders of the Company's outstanding Class A preferred stock to redeem all outstanding shares of such preferred stock for an aggregate price of approximately $13.8 million. The Class A preferred stock has a face value of $30.9 million and was originally issued in June 2012 pursuant to the Company's formation and preparation for listing.
Trade Street Residential Announces Management Transition
GlobeNewswire - Mon Feb 24, 6:00AM CST
- Richard Ross Named Interim Chief Executive Officer -
Trade Street Residential Acquires the Aventine Greenville for $42 Million
GlobeNewswire - Thu Feb 06, 3:01PM CST
Trade Street Residential, Inc. (Nasdaq:TSRE) ("Trade Street" or the "Company"), a fully integrated owner and operator of high-quality apartment communities located primarily in the southeastern United States, today announced the acquisition of The Aventine Greenville, a newly constructed 346-unit Class A luxury apartment community located in Greenville, S.C., for approximately $42 million, or $121,000 per unit. The acquisition closed today, February 6, 2014.
Trade Street Residential Reports Taxable Composition of 2013 Distributions
GlobeNewswire - Wed Feb 05, 3:57PM CST
Trade Street Residential, Inc. (Nasdaq:TSRE) (the "Company"), a fully integrated owner and operator of high-quality apartment communities located primarily in the southeastern United States, today announced the 2013 tax treatment of the Company's common stock distributions, as described below. A copy of the Internal Revenue Service Form 8937 was posted to the Company's website. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of the Company's distributions.
Trade Street Residential Closes on $75 Million Syndicated Credit Facility
GlobeNewswire - Mon Feb 03, 6:00AM CST
Trade Street Residential, Inc. (Nasdaq:TSRE) (the "Company") announced today that on January 31, 2014 the Company's operating partnership, Trade Street Operating Partnership, LP, entered into a $75 million senior secured credit facility (the "Credit Facility") with Regions Bank as Lead Arranger and US Bank National Association as a participant.
Trade Street Residential (TSRE) Enters Overbought Territory - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Thu Jan 30, 5:42AM CST
Trade Street Residential (TSRE) Enters Overbought Territory
Nasdaq stocks posting largest percentage increases
AP - Wed Jan 22, 12:47PM CST
NEW YORK (AP) — A look at the 10 biggest percentage gainers on Nasdaq at 1 p.m.:
Trade Street Residential Acquires Two Luxury Apartment Communities for $81 Million
GlobeNewswire - Wed Jan 22, 6:15AM CST
Trade Street Residential, Inc. (Nasdaq:TSRE) (the "Company"), a fully integrated owner and operator of high-quality apartment communities located primarily in the southeastern United States, announced today that it has completed the previously announced acquisitions of two communities, containing 618 units for $81.0 million, in its core Southeast markets.
Trade Street Residential Announces Successful Completion of $150 Million Recapitalization
GlobeNewswire - Thu Jan 16, 3:10PM CST
Trade Street Residential, Inc. (Nasdaq:TSRE) ("Trade Street" or the "Company") announced today the completion of its previously announced $150 million recapitalization. The recapitalization transaction consisted of an offering of 15,797,788 shares of common stock at $6.33 per share to the holders of subscription rights granted to Trade Street's existing stockholders (the "Rights Offering") and a concurrent $50 million private placement (the "Private Placement") of shares of common stock to certain affiliates of Senator Investment Group LP (collectively, "Senator") at $6.33 per share. In addition, Senator had agreed to purchase all shares not purchased by holders of rights in the Rights Offering (the "Backstop Commitment"). Michael Baumann and David Levin, Trade Street's Chairman and Chief Executive Officer and President and Vice Chairman, respectively, agreed to purchase an aggregate of approximately $1.8 million of common stock in private placement concurrently with the closing of the Rights Offering.
Trade Street Residential Inc (TSRE) Enters Overbought Territory - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Fri Jan 03, 7:50AM CST
Trade Street Residential Inc (TSRE) Enters Overbought Territory
Trade Street Residential Announces Commencement of Rights Offering
GlobeNewswire - Thu Dec 26, 5:00AM CST
Trade Street Residential, Inc. (Nasdaq:TSRE) ("Trade Street" or the "Company"), announced today the commencement of its previously announced $100 million fully-backstopped common stock rights offering ("Rights Offering") to its stockholders. Under the terms of the rights offering, the Company will distribute at no charge to the holders of its common stock on December 16, 2013, the record date for the rights offering, one transferable right for every share of common stock owned. Each right will entitle the holder to purchase 1.3775 shares of common stock at a subscription price of $6.33 per share. The rights offering will expire at 5:00 p.m., New York City time, on January 10, 2014, unless extended by the Board of Directors. The rights will trade on the NASDAQ Global Market ("NASDAQ") under the symbol "TSRER" during the period commencing on December 26, 2013 and ending on January 9, 2014. The Company will voluntarily delist the rights on the NASDAQ on January 9, 2014 in order to allow trades in the rights to settle and purchasers of rights to exercise their subscription rights prior to the expiration of the Rights Offering on January 10, 2014. Because the rights will cease trading on the NASDAQ on January 9, 2014, the rights will not trade on the NASDAQ during any extension period.
Trade Street Residential Announces Dividend for the Fourth Quarter of 2013
GlobeNewswire - Mon Dec 02, 5:00AM CST
Trade Street Residential, Inc. (Nasdaq:TSRE) (the "Company"), a fully integrated owner and operator of high-quality apartment communities located primarily in the southeastern United States, today announced that its Board of Directors has declared a dividend of $0.095 per share on the Company's common stock for the fourth quarter of 2013. The fourth quarter dividend will be payable January 17, 2014 to stockholders of record on December 23, 2013.
Trade Street Residential Announces Proposed $150 Million Capital Raise Including $100 Million Transferable Rights Offering to Existing Stockholders and $50 Million Direct Equity Investment by Senator Investment Group LP
GlobeNewswire - Tue Nov 12, 7:01AM CST
Trade Street Residential, Inc. (Nasdaq:TSRE) ("Trade Street" or the "Company"), announced today a $100 million fully-backstopped common stock rights offering to its stockholders. The rights will have a subscription price of $6.33 per share (the "Subscription Price") and will be transferable. Investment entities managed by Senator Investment Group LP ("Senator") have agreed to back stop the rights offering by purchasing on the same terms any and all shares not subscribed through the exercise of rights or the oversubscription option (the "Backstop"). In addition, Senator has agreed to purchase $50 million of common stock from the Company in a separate private placement transaction (the "Direct Purchase") at the Subscription Price. The transactions are expected to raise net proceeds, after payment of offering and other expenses, of approximately $147.5 million. The Company intends to use the net proceeds to fund current committed and future acquisitions and to repay indebtedness. The Backstop and Direct Purchase are subject to approval by the Company's stockholders and satisfaction of certain customary closing conditions. The rights offering and Direct Purchase are expected to close late in the fourth quarter of 2013 or early in the first quarter of 2014.
Trade Street Residential Reports Third Quarter 2013 Results
GlobeNewswire - Thu Nov 07, 3:05PM CST
- NOI Increases 16.2% Compared to a Year Ago -
Trade Street Residential Schedules Third Quarter 2013 Earnings Release and Conference Call
GlobeNewswire - Mon Oct 14, 3:30PM CDT
Trade Street Residential, Inc. (Nasdaq:TSRE) (the "Company"), a fully integrated owner and operator of high-quality apartment communities located primarily in the southeastern United States, today announced that the Company will release its third quarter 2013 financial results after the market closes on Thursday, November 7, 2013. A conference call will be held on Friday, November 8, 2013 at 11:00 a.m. Eastern time to review third quarter results, discuss recent events and conduct a question-and-answer period.
Photo Release -- Trade Street Residential Acquires Talison Row at Daniel Island for $48 Million
GlobeNewswire - Tue Sep 03, 7:00AM CDT
- Gains Luxury Apartment Community Located in Award-Winning, Coastal South Carolina Community -
Trade Street Residential Appoints New Chief Financial Officer
GlobeNewswire - Thu Aug 29, 4:35PM CDT
- Company Hires Richard Ross as CFO -
Trade Street Residential Reports Second Quarter 2013 Results
GlobeNewswire - Mon Aug 12, 3:38PM CDT
- Acquires Two Class A Communities, Adding 500 Units to the Portfolio -
