Globenewswire·2025-11-03 12:00Core Insights - Whitestone REIT has acquired Ashford Village, an 81,407 square-foot grocery-anchored shopping center in Houston, enhancing its portfolio in a strategic location near the Energy Corridor, which is home to 8 Fortune 500 companies [1][4][6] - The acquisition aligns with Whitestone's strategy to capitalize on strong market fundamentals and cater to the area's significant Asian community through diverse tenant offerings [4][5] Company Overview - Whitestone REIT focuses on neighborhood shopping centers in Texas and Arizona, emphasizing community-centered retail experiences [7][8] - The company aims to enhance shareholder value by expanding its portfolio in high-performing markets, with Ashford Village being its third acquisition in Houston since 2022 [6] Market Context - The area surrounding Ashford Village has a high average household income of $113,979 within a 3-mile radius, indicating strong purchasing power among local residents [5] - The shopping center is strategically located near major office developments and has a robust tenant mix, including Seiwa Market, which serves the local Asian community [1][4]