M&A Deal Summary

Trade Street Residential Acquires Fountains Southend

On September 25, 2013, Trade Street Residential acquired real estate company Fountains Southend for 34M USD

Acquisition Highlights
  • This is Trade Street Residential’s 1st transaction in the Real Estate sector.
  • This is Trade Street Residential’s 2nd largest (disclosed) transaction.
  • This is Trade Street Residential’s 1st transaction in the United States.
  • This is Trade Street Residential’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2013-09-25
Target Fountains Southend
Sector Real Estate
Buyer(s) Trade Street Residential
Deal Type Add-on Acquisition
Deal Value 34M USD

Target

Fountains Southend

Charlotte, North Carolina, United States
Fountains Southend is a newly constructed 208-unit Class A urban transit-oriented apartment community.

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Buyer(S) 1

Buyer

Trade Street Residential

Aventura, Florida, United States
Category Company
Founded 1980
Sector Real Estate
Employees140
Revenue 56M USD (2014)
DESCRIPTION

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 1 of 2
Sector (Real Estate) 1 of 2
Type (Add-on Acquisition) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 2
Year (2013) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-06 The Aventine Greenville

Greenville, South Carolina, United States

The Aventine Greenville LLC is a provider of real estate services.

Buy $42M
Mergr

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