Trade Street Residential Announces Hiring Of Randall Eberline As Chief Accounting Officer And Principal Financial Officer

AVENTURA, Fla., May 21, 2014 (GLOBE NEWSWIRE) -- Trade Street Residential, Inc., (Nasdaq:TSRE) (the "Company") a vertically integrated and self-managed real estate investment trust ("REIT") focused on acquiring, owning, operating and managing high-quality, conveniently located, apartment communities in mid-sized cities and suburban submarkets of larger cities primarily in the southeastern United States and Texas, today announced that Randall ("Randy") Eberline has joined the Company as chief accounting officer and principal financial officer, reporting directly to Richard Ross, the Company's Chief Executive Officer. Effective with Mr. Eberline's appointment, Mr. Ross ceased to perform the functions of the Company's principal financial officer and will no longer serve as the Company's interim chief financial officer. The Company does not intend to fill the role of chief financial officer at the present time.

Mr. Ross, CEO, stated, "We are pleased to welcome Randy to Trade Street as we continue to strengthen our management team to support our continued growth. His extensive finance and accounting experience, including 20 years at real estate-related businesses, will further enhance Trade Street's ability to execute on our financial objectives and deliver best-in-class results."

Mr. Eberline most recently provided accounting and financial consulting services to various companies in the real estate and financial services industries, including Trade Street. From 2005 through 2011, he served as Vice President and chief financial officer of Jim Walter Homes, a builder of affordable on-your-lot homes in the southeastern United States. Prior to that, Mr. Eberline spent nine years in senior corporate and division finance roles at organizations focused on residential construction and development and eleven years in public accounting, primarily with PricewaterhouseCoopers, where he focused on serving real estate clients, including the initial public offering of a prominent multifamily REIT. Mr. Eberline received his bachelor's degree in Economics from the University of Michigan and is a Certified Public Accountant in Michigan.

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