Add-on Acquisition • Real Estate

IRT Acquires Trade Street Residential

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

Acquisition Context
  • 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.

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M&A Deal Summary

Date September 17, 2015
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 (Legal)

Target Company

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 Overview 1

Buyer

IRT

Philadelphia, Pennsylvania, United States

Category Company
Founded 2009
Sector Real Estate
Employees917
Revenue 640M USD (2024)
DESCRIPTION

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


Deal Context for Buyer #
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