Whitestone REIT Appoints Director Of Real Estate Development, Richard D. Rollnick

Whitestone REIT (NYSE-AMEX: WSR – “Whitestone”), a fully integrated real estate company that owns, operates and re-develops Community Centered Properties ^TM, which are visibly located in established or developing culturally diverse neighborhoods, announced that it has appointed Richard D. Rollnick as Director of Real Estate Development.

“Having been directly responsible for developing, financing, marketing and managing over 14 million square feet of commercial properties located throughout the United States during his 25-year real estate industry career, Mr. Rollnick brings a vast amount of real estate development and value-add experience to Whitestone. In his new role, he will oversee new development and value-add opportunities to create new leasable space within our current portfolio of 44 Community Centered Properties, as well as for future acquisitions with a development component,” said James C. Mastandrea, Whitestone’s Chairman and Chief Executive Officer. “His initial focus will be on the exceptional value-add development opportunities within our current portfolio, such as the adjacent acreage we purchased in our two most recent acquisitions at Starwood in Dallas and Pinnacle in Scottsdale, as well as pad site development in several other Community Centers.”

Prior to joining Whitestone, Mr. Rollnick had been founding principal of Allegiant Properties, LLC, a real estate asset management company, and Crown West Realty, a private real estate investment, development and management company. He has also served in executive leadership positions with several prominent national and regional commercial real estate development, investment banking and advisory firms for properties located in Arizona, Colorado, California, Washington, and North Carolina. Richard Rollnick holds a Bachelor of Science degree from Woodbury University, a Masters of Business Administration from Pepperdine University Graduate School of Business, and is a graduate of the Harvard University Graduate School of Design, Running a Real Estate Company Program. Mr. Rollnick is a licensed real estate broker in California and Arizona and holds the CCIM designation.

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