Trade Street Residential Announces Closing of its Public Offering

Trade Street Residential,

today announced that it has completed its previously announced public offering of 6,250,000 shares of its common stock, $0.01 par value per share, at a public offering price of $10.00 per share. The shares began trading on the NASDAQ Global Market under the symbol "TSRE" on May 14, 2013. The underwriters have a 30-day option to purchase up to an additional 937,500 shares of common stock at the public offering price, less the underwriting discount, to cover over-allotments, if any. The Company received approximately $56.3 million in total net proceeds from the offering after deducting underwriting discounts and commissions and estimated offering expenses, prior to any exercise of the underwriters' over-allotment option. The Company intends to use the proceeds of the offering to repurchase equity interests in certain of its subsidiaries from its joint venture partners, to fund pending acquisitions and for general corporate and working capital purposes, including future acquisitions, the repayment of indebtedness and the funding of capital improvements at the Company's apartment communities. Sandler O'Neill + Partners, L.P. acted as the sole book-runner of the offering, and BB&T Capital Markets, Janney Montgomery Scott, Ladenburg Thalmann & Co. Inc., Oppenheimer & Co. and Wunderlich Securities acted as co-managers. A copy of the final prospectus can be obtained by contacting: Sandler O'Neill + Partners, L.P. at 1251 Avenue of the Americas, 6th Floor, New York, New York 10020, Attention: Prospectus Department, or by calling toll-free 1-866-805-4128, or by email at syndicate@sandleroneill.com. A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on May 13, 2013. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the offered securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering of these securities is being made only by means of a prospectus. About Trade Street Residential, Inc. Trade Street Residential, Inc. (TSRE) is a full service, vertically integrated, self-administered and 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.