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
(lewis.kahn@ksfcounsel.com) or partner Michael J. Palestina
(michael.palestina@ksfcounsel.com) 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