M&A Deal Summary |
|
|---|---|
| Date | 2014-02-06 |
| Target | The Aventine Greenville |
| Sector | Real Estate |
| Buyer(s) | Trade Street Residential |
| Sellers(s) | Flournoy Development Company |
| Deal Type | Divestiture |
| Deal Value | 42M USD |
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| Category | Company |
|---|---|
| Founded | 1980 |
| Sector | Real Estate |
| Employees | 140 |
| Revenue | 56M USD (2014) |
Trade Street Residential, Inc. is a fully-integrated, self-managed real estate investment trust focused on acquiring, owning, operating and managing conveniently located, garden-style and mid-rise apartment communities in mid-sized cities and suburban submarkets of larger cities primarily in the southeastern United States, including Texas.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Real Estate) | 2 of 2 |
| Type (Divestiture) | 1 of 1 |
| State (South Carolina) | 1 of 1 |
| Country (United States) | 2 of 2 |
| Year (2014) | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-09-25 |
Fountains Southend
Charlotte, North Carolina, United States Fountains Southend is a newly constructed 208-unit Class A urban transit-oriented apartment community. |
Buy | $34M |
| Category | Company |
|---|---|
| Founded | 1967 |
| Sector | Real Estate |
Flournoy Development Company LLC is a multifamily development companies in the Southeastern United States. The Company's three main functional areas are development, construction, and property management.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Real Estate) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (South Carolina) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2014) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
