Feldman Completes Private Placement Of Securities; Changes Name To Trade Street Residential, Inc.
CHADDS FORD, Pa., June 8, 2012 /PRNewswire/ -- Feldman Mall Properties, Inc. (FMLP.PK) (the "Company") made the following announcement:
On June 1, 2012, the Company and its operating partnership, Feldman Equities Operating Partnership, LP, and Trade Street Capital, LLC, Trade Street Property Fund I, LP, BCOM Real Estate Fund, LLC (collectively, "Trade Street") and certain other parties named in that certain Contribution Agreement, dated April 23, 2012, as amended, consummated the contribution transaction described in the April 24, 2012 press release issued by the Company.
In conjunction with the transaction, the Company amended its Charter, increasing the Company's authorized capital stock to 1 billion shares of common stock and 50 million shares of preferred stock. In addition, the board of directors of the Company designated a new series of Class A Preferred Stock, which class of stock has the rights, privileges, restrictions and limitations as set forth in the Articles Supplementary filed with the Maryland State Department of Assessments and Taxation on June 1, 2012.
Also in conjunction with the closing of the transaction, the name of the Company was changed to Trade Street Residential, Inc. The Company's new address is 19950 West Country Club Drive, Suite 800, Aventura, FL 33180, Phone 888-919-1988, Fax 786-248-3679.
Trade Street was advised by the investment banking firm of Sandler O'Neill & Partners, L.P. and the law firms of Bass, Berry & Sims, PLC and Greenspoon Marder, P.A. The Company was advised by the investment banking firm of New Centurion Capital Partners, LLC and the Company's General Counsel, and the law firm of Clifford Chance USA LLP as special counsel.
About Feldman Mall Properties, Inc.
The Company's shares of common stock are quoted on Pink OTC Markets, a privately-owned company formerly known as Pink Sheets, which operates Pink Quote. For more information visit the Company website at www.feldmanmall.com.
SOURCE Trade Street Residential, Inc.