MICHAEL BAUMANN, CEO of Trade Street Realty, purchased 170,766 shares of Trade Street Realty (Stock Symbol: TSRE) at $7.4 per share for a total amount of $1.263 million on January 16th 2014.
Trade Street Realty is headquartered in Aventura, Florida.
On Jan. 22nd 2014, Trade Street Residential, Inc., a fully integrated owner and operator of high-quality apartment communities located primarily in the southeastern United States, announced today that it has completed the previously announced acquisitions of two communities, containing 618 units for $81.0 million, in its core Southeast markets.
On January 21 2014, the Company acquired The Estates at Wake Forest, a 288-unit apartment community located in Wake Forest, North Carolina, for approximately $37.2 million. On the same day, the Company also acquired Miller Creek at Germantown, a 330-unit apartment community located in Memphis, Tennessee for approximately $43.8 million.
On December 2nd 2013, Trade Street Residential, Inc. announced that its Board of Directors has declared a dividend of $0.095 per share on the Company’s common stock for the fourth quarter of 2013. The fourth quarter dividend will be payable January 17, 2014 to stockholders of record on December 23, 2013.
According to Capital IQ, [Company Name] has a market cap of $84 million, an enterprise value of $339 million, and trailing 12 month revenues of $24 million.
Trade Street Residential, Inc. is a full service, vertically integrated, self-administered and self-managed corporation focused on acquiring, owning, operating and managing garden-style and mid-rise apartment communities in mid-sized cities and suburban submarkets primarily in the southeastern United States, including Texas. As of May 13, 2013, the Company’s operating properties consisted of 14 apartment communities containing 3,183 apartment units in Alabama, Florida, Georgia, Kentucky, North Carolina, Tennessee and Texas. In January 2014, the Company completed the acquisitions of two communities, containing 618 units in its core Southeast markets and acquired The Estates at Wake Forest, a 288-unit apartment community located in Wake Forest, North Carolina. In addition it also acquired Miller Creek at Germantown, a 330-unit apartment community located in Memphis, Tennessee.
Michael Baumann’s most recent annual compensation from Trade Street Realty is a salary of $654,000. Mr. Baumann is 55 years old.
According to the biography, Mr. Michael Baumann, J.D. is Chairman of the Board, Chief Executive Officer of Trade Street Residential, Inc. He has been Company’s Chief Executive Officer and Chairman of Company’s board of directors since Company’s recapitalization in June 2012. Mr. Baumann has served as the chairman of Trade Street Capital, LLC since its formation in December 2009. Mr. Baumann has over 25 years of experience in multiple sectors of the real estate industry, including residential and commercial real estate. Since 1996, Mr. Baumann has been involved in real estate development. Mr. Baumann has been the senior executive in charge of all corporate matters for Trade Street Capital since 1999. Mr. Baumann has focused Trade Street’s business on property management, property acquisitions, real estate development and advisory services. A licensed attorney, Mr. Baumann served as general counsel for the Baumann Group of Companies from 1984 through 1995 where he was involved in the acquisition, financing, leasing, construction, and management of a variety of real estate projects. Prior to that time, Mr. Baumann worked as a senior litigation associate with the law firm of Sparber, Shevin, Rosen, Shapo and Heilbronner. Mr. Baumann served as Assistant General Counsel for the Keyes Real Estate Company from 1982 until 1984. Prior to joining the Keyes Real Estate Company, Mr. Baumann began his career as an Associate with the Harris County, Texas District Attorney’s office. Mr. Baumann received his B.A. in psychology from the University of Miami in 1979, and his J.D. from South Texas College of Law.
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