Whitestone REIT Receives Unsolicited, Non-Binding Acquisition Proposal

Core Viewpoint - Whitestone REIT has received an unsolicited proposal from MCB Real Estate to acquire all outstanding shares for $15.20 per share, with MCB owning 9.2% of the company's stock [1][2]. Company Overview - Whitestone REIT is a neighborhood-focused real estate investment trust (REIT) that operates open-air shopping centers in Texas and Arizona, particularly in rapidly growing markets such as Phoenix, Austin, Dallas-Fort Worth, Houston, and San Antonio [3]. - The company emphasizes community-centered retail centers that feature a mix of service-oriented tenants, including food, self-care, services, education, and entertainment [4]. Proposal Evaluation - The Board of Trustees will evaluate the acquisition proposal in consultation with financial and legal advisors to determine its alignment with the best interests of all shareholders [2]. - Shareholders are not required to take any action regarding the proposal at this time [2].