Last $7.25 USD
Change Today -0.05 / -0.68%
Volume 20.4K
TSRE On Other Exchanges
As of 8:10 PM 07/9/14 All times are local (Market data is delayed by at least 15 minutes).

trade street residential inc (TSRE) Snapshot

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52 Week High
01/22/14 - $8.50
52 Week Low
12/17/13 - $4.97
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Average Volume 10 Days
Shares Outstanding
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trade street residential inc (TSRE) Details

Trade Street Residential, Inc., a real estate investment trust, engages in acquiring, owning, operating, and managing garden-style and mid-rise apartment communities in mid-sized cities and suburban submarkets of larger cities primarily in the southeastern United States. The company owns and operates apartment communities in Alabama, Florida, Georgia, Kentucky, North Carolina, South Carolina, Tennessee, and Texas. Its properties include amenities, such as swimming pools, clubhouses, fitness facilities, and controlled-access gated entrances. The company is also seeking joint venture development and pre-sale opportunities. It has elected to be taxed as a real estate investment trust. As a result, the company would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. Trade Street Residential, Inc. was founded in 1980 and is headquartered in Aventura, Florida.

150 Employees
Last Reported Date: 05/13/14
Founded in 1980

trade street residential inc (TSRE) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: $59.9K
Interim Chief Operating Officer and Chief Inv...
Total Annual Compensation: $150.0K
Compensation as of Fiscal Year 2013.

trade street residential inc (TSRE) Key Developments

Trade Street Residential Regains Compliance with NASDAQ Listing Rules

Trade Street Residential, Inc. received notice from the NASDAQ on June 30 that it had regained compliance with the NASDAQ Listing Rules. Trade Street Residential on March 18 received a letter from the NASDAQ acknowledging that the company no longer complied with the requirement of listing rule 5605, as its audit committee consisted of two members due to James Boland's departure as a director. The rule generally requires that all listed companies' audit committees have three members.

Trade Street Residential, Inc. Announces Board Changes

On June 25, 2014, Evan Gartenlaub informed the board of directors of Trade Street Residential, Inc. of his resignation as a member of the board, effective immediately. Mr. Gartenlaub’s resignation was for personal reasons and not the result of any disagreements with the company relating to the company’s accounting principles or practices, financial statement disclosure or the adequacy or effectiveness of the company’s internal controls and procedures. Mr. Gartenlaub was designated as a member of the board by certain investment entities managed or advised by Senator Investment Group LP, pursuant to their rights under the stockholders’ agreement between the company and the investors. Mr. Gartenlaub served on the Nominating and Corporate Governance Committee of the Board. On June 25, 2014, in connection with their rights under the stockholders agreement, the Investors designated Nirmal Roy to serve as a member of the Board to fill the vacancy created by Mr. Gartenlaub’s resignation. Mr. Roy will serve on the Audit Committee and the Nominating and Corporate Governance Committee of the Board. Mr. Roy is an Investment Professional for BHR Capital LLC. Prior to BHR, from 2009 to 2011, Mr. Roy was an Associate for Meadow Partners, where he underwrote private real estate transactions in New York and London.

Trade Street Residential, Inc.(NasdaqGM:TSRE) added to Russell 2000 Index

Trade Street Residential, Inc. will be added to the Russell 2000 Index.


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