M&A Deal Summary

IRT Acquires Trade Street Residential

On September 17, 2015, IRT acquired real estate company Trade Street Residential

Acquisition Highlights
  • This is IRT’s 1st transaction in the Real Estate sector.
  • This is IRT’s 1st transaction in the United States.
  • This is IRT’s 1st transaction in Florida.

M&A Deal Summary
Date 2015-09-17
Target Trade Street Residential
Sector Real Estate
Buyer(s) IRT
Deal Type Add-on Acquisition
Advisor(s) J.P. Morgan Securities (Financial)
Morrison & Foerster
Venable LLP (Legal)

Target

Trade Street Residential

Aventura, Florida, United States
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.

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Buyer(S) 1

Buyer

IRT

Philadelphia, Pennsylvania, United States
Category Company
Founded 2009
Sector Real Estate
Employees952
Revenue 661M USD (2023)
DESCRIPTION

IRT is a provider of real estate services. IRT was founded in 2009 and is based in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Mergr

Product

Company

Legal