About Whitestone REIT
Whitestone REIT (NYSE: WSR) is a fully integrated real estate company that owns, operates and re-develops Community Centered Properties TM, which are visibly located properties in established or developing culturally diverse neighborhoods. Whitestone focuses on value-creation in its Centers, as it markets, leases and manages its Centers to match tenants with the shared needs of surrounding neighborhoods. Operations are structured for providing cost-effective service to local service-oriented smaller space tenants (less than 3,000 square feet). Whitestone has a diversified tenant base concentrated on service offerings including medical, education, and casual dining. The largest of its over 950 tenants comprises less than 1.5% of its rental revenues. Headquartered in Houston, Texas and founded in 1998, Whitestone is internally managed with a portfolio of commercial properties in Texas, Arizona, and Illinois.
This press release contains statements that constitute “forward-looking
statements,” including with regard to the Whitestone’s securities
offering and the anticipated use of the net proceeds. These statements
are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. No assurance can be given that
the securities offering discussed above will be completed on the terms
described, or at all, or that the net proceeds of the offering will be
used as indicated. Completion of the securities offering on the terms
described, and the application of net proceeds, are subject to numerous
conditions, many of which are beyond the control of Whitestone
including, but not limited to, the status of the economy and the status
of capital markets. See the Risk Factors sections of Whitestone’s
prospectus supplement and accompanying base prospectus, as well as
periodic reports and other documents filed with the Securities and
Exchange Commission (“SEC”) for a discussion of these factors. Copies
are available on the SEC's website,
Except as required by law, Whitestone undertakes no obligation to update
these statements for revisions or changes after the date of this release.
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