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Trade Street Residential Inc
Trade Street Residential, Inc. was a publicly traded real estate investment trust (REIT) based in the United States. The company was focused on the acquisition, development, and management of high-quality multifamily properties in select growth markets throughout the United States.
The company was listed on the NASDAQ stock exchange under the ticker symbol TSRE. However, it is important to note that the company is no longer in operation. On January 11, 2017, Trade Street Residential announced that it had entered into an agreement to be acquired by Starwood Capital Group, a leading global private investment firm. After the acquisition, the company was delisted from the NASDAQ and ceased to exist as a publicly traded entity.
Prior to the acquisition, Trade Street Residential's portfolio consisted of 19 multifamily properties, primarily located in the Southeast and Southwest regions of the United States. The company's properties were designed to cater to a diverse range of renters, from recent college graduates to families and retirees.
Trade Street Residential's management team had extensive experience in the multifamily housing industry, and the company was committed to delivering strong returns to its shareholders through a combination of current income and capital appreciation. However, as with any investment, there were risks associated with investing in Trade Street Residential, including market conditions, economic factors, and the company's ability to execute its business strategy.
Overall, Trade Street Residential was a publicly traded REIT that focused on the acquisition, development, and management of multifamily properties in select growth markets in the United States. While the company is no longer in operation, its legacy as a significant player in the multifamily housing industry continues to be felt.