Reaffirms Commitment to Pursuing All Measures to Maximize Value for Shareholders, Including by Voting Against All Incumbent Whitestone Board Members BALTIMORE, Jan. 7, 2026 /PRNewswire/ -- MCB Real Estate ("MCB"), a leading commercial real estate developer and investment management firm with a diverse nationwide portfolio and approximately $4 billion in AUM, today sent a letter to the Board of Trustees of Whitestone REIT (NYSE: WSR) ("Whitestone" or the "Company") regarding MCB's previously announced propos ...

Core Insights - CAPREIT has acquired six rental properties in Canada for a total of $292.5 million since the last update on November 6, 2025 [1] - The company has invested approximately $94.0 million into its Normal Course Issuer Bid (NCIB) program since the end of Q3 2025 [1] Acquisition Details - A newly built rental property in Laval, Québec, was acquired for $178.0 million, with CAPREIT assuming a $29.5 million mortgage at an interest rate of 3.3% for approximately 7.2 years [2] - CAPREIT acquired a portfolio of 187 residential suites in Regina, Saskatchewan, for $41.0 million, assuming a combined mortgage of $17.6 million at a weighted average interest rate of 2.9% for approximately 3.8 years [5] - A 51-suite property in Vancouver, British Columbia, was purchased for $35.0 million, with an outstanding mortgage of $27.2 million at an interest rate of 3.2% for approximately 5.0 years [6] - Three vintage properties were acquired for a total of $38.5 million, with an aggregate mortgage of $12.6 million at a weighted average interest rate of 2.1% for approximately 4.1 years [7] Financial Performance - The total acquisition volume for 2025 has reached $659 million, focusing on strategically located assets with low capital requirements and strong return profiles [8] - Recent acquisitions were purchased at a high-4% weighted average cap rate, while capital deployed into the NCIB program was at a mid-5% cap rate [8] Company Overview - CAPREIT is Canada's largest publicly traded provider of quality rental housing, owning approximately 45,000 residential apartment suites and townhomes with a total fair value of approximately $14.5 billion as of September 30, 2025 [9]

Core Viewpoint - Kaldalón hf. has successfully signed a purchase agreement for all real estate assets owned by FÍ fasteignafélag, marking a significant expansion of its property portfolio in the Greater Reykjavík area [1][3]. Group 1: Transaction Details - The total purchase price for the real estate portfolio is ISK 13,150 million, financed through the issuance of equity and bonds [4]. - The transaction involves the delivery of 228,112,591 new shares in Kaldalón and bonds amounting to ISK 7,232.5 million, with bonds issued at a yield of 3.93% [4]. - The bonds will be listed on Nasdaq Iceland and sold at par, with a margin of 120 basis points above the average yield of the Icelandic government bond yield curve [4]. Group 2: Property Portfolio - The acquired portfolio consists of 11 properties totaling approximately 25,200 square meters, including a hotel, an embassy, a healthcare facility, and office premises [2]. - Key assets include a 100-room hotel at Hverfisgata 103, office premises at Borgartún 25, and a healthcare facility in Glæsibær [2]. Group 3: Financial Impact - The estimated increase in Kaldalón's annual net operating income (NOI) from the transaction is approximately ISK 870 million, with a potential increase to ISK 960 million upon full leasing of one development asset [7]. - Following the transaction, Kaldalón's total property portfolio will expand to approximately 170,000 square meters, with operating revenues expected to increase by approximately ISK 1,050 million annually [9]. Group 4: Strategic Comments - The CEO of Kaldalón expressed satisfaction with the acquisition, highlighting the central location of the properties and the presence of strong tenants, indicating a strategy to streamline the portfolio and enhance revenue [8]. - The Chairman of the Board of FÍ Eignarhaldsfélag noted the successful development of FÍ fasteignafélag and the milestone achieved through this transaction [9].

Core Viewpoint - Plymouth Industrial REIT, Inc. has entered into a definitive merger agreement with Makarora Management LP and Ares Alternative Credit funds, where they will acquire all outstanding shares of Plymouth's common stock for $22.00 per share, valuing the transaction at approximately $2.1 billion, including debt assumption [1][2][4]. Transaction Details - The purchase price represents a premium of about 50% over Plymouth's unaffected closing stock price on August 18, 2025, prior to a non-binding acquisition proposal from Sixth Street Partners [2]. - The transaction has been unanimously approved by Plymouth's Board of Directors and is expected to close in early 2026, pending shareholder and regulatory approvals [4]. Strategic Positioning - Plymouth's portfolio consists of cost-competitive industrial assets located strategically within a day's drive of 70% of the U.S. population, positioning it well to meet strong industrial demand [3]. - Makarora aims to provide flexible capital solutions to U.S. real estate businesses, highlighting the attractiveness of Plymouth's diverse portfolio and market fundamentals [3]. Go-Shop Period - Plymouth will conduct a 30-day "go-shop" period until November 23, 2025, allowing for the solicitation of alternative acquisition proposals [5]. - The Board of Directors retains the right to terminate the Merger Agreement for a superior proposal, although there is no assurance that this will occur [5]. Dividend Information - Plymouth will pay its third-quarter dividend on October 31, 2025, and may pay dividends necessary to maintain its REIT status, but may not pay other dividends during the Merger Agreement term [6]. Post-Transaction Status - Upon completion of the merger, Plymouth will become a private company, and its shares will be de-registered under the Securities Exchange Act, ceasing to trade on the NYSE [7].

Core Insights - SL Green Realty Corp. has announced the acquisition of Park Avenue Tower for $730 million, expected to close in Q1 2026 [1][2] - The acquisition aims to enhance sustainable cash flow and long-term value, reinforcing SL Green's position as a leading owner of premier properties along Park Avenue [2] Company Overview - SL Green Realty Corp. is Manhattan's largest office landlord and operates as a fully integrated real estate investment trust (REIT) focused on acquiring, managing, and maximizing the value of Manhattan commercial properties [4] - As of September 30, 2025, SL Green held interests in 53 buildings totaling 30.7 million square feet, including 27.1 million square feet of Manhattan buildings [4] Property Details - Park Avenue Tower is a 36-story, 621,824 square foot Class A office building, completed in 1986, featuring modern upgrades and a distinctive architectural design [2][3] - Recent enhancements include a reimagined plaza, high-end prebuilt office suites, and a world-class lobby, positioning the property as a top choice for financial institutions and hedge funds [3] Market Context - The acquisition comes at a time of high demand for office space in the Park Avenue corridor, which has a vacancy rate trending below 6 percent [2] - The property is well-leased at below-market rents, indicating significant upside potential for SL Green [2]

Core Insights - The REIT sector is experiencing improvement due to moderating interest rates and declining inflation, with several REITs making acquisitions to enhance their asset base and increase distributions for investors [1] Group 1: CapitaLand Ascott Trust (CLAS) - CLAS is Asia-Pacific's largest lodging trust with total assets of S$8.8 billion and a portfolio of 101 properties across 16 countries [2] - CLAS has acquired three freehold rental housing properties in Japan for JPY 4 billion (approximately S$34.2 million), located in Osaka and Kyoto [2] - The projected net operating income (NOI) entry yield for this acquisition is 4%, significantly higher than the exit NOI yield of 0.4% from a previous divestment [3] - The acquisition is expected to result in a 0.3% accretion to CLAS's distribution per stapled security (DPSS) [3] - The properties have an average occupancy of 97% and will contribute to a stable income stream, with rents in Osaka and Kyoto expected to rise by 10% to 15% over the next five years [4][5] Group 2: AIMS APAC REIT (AAREIT) - AAREIT, an industrial REIT, is acquiring Framework Building for approximately S$56.65 million, projected to have an initial net property income (NPI) yield of 8.1% [6] - The acquisition is expected to add 2.5% to AAREIT's distribution per unit (DPU) if fully funded by debt [6] - The property has a total net lettable area of 16,082 square meters and is 97% occupied, with potential for value-add enhancements [7][8] Group 3: CapitaLand Integrated Commercial Trust (CICT) - CICT is acquiring 55% of the commercial component of CapitaSpring for S$1.05 billion, with an entry yield in the low-4% region [9] - The total acquisition outlay is approximately S$482.3 million, funded through a private placement of units, expected to result in a 1.1% DPU accretion [10] - Following the acquisition, CICT's pro-forma aggregate leverage is expected to rise slightly from 37.9% to 38.3% [10] Group 4: United Hampshire US REIT (UHREIT) - UHREIT owns a diversified portfolio valued at around US$731 million and recently purchased Dover Marketplace for approximately US$16.4 million, below independent valuation [11] - The acquisition is fully funded by proceeds from a previous divestment and is expected to provide a 2% uplift to UHREIT's DPU [12] - Dover Marketplace has a committed occupancy of 96.1% and a long weighted average lease expiry of 9.7 years [12]

Core Insights - SL Green (SLG) has entered into a contract to acquire 346 Madison Avenue and the adjacent site at 11 East 44th Street for $160 million, with the deal expected to close in Q4 of this year [1][7] - The acquisition presents a strategic opportunity to develop approximately 800,000 rentable square feet in line with East Midtown rezoning, catering to strong tenant demand for new construction with advanced amenities [2][7] - The properties are located near One Vanderbilt, positioning SL Green to pursue a world-class office development in a prime market [3] Company Strategy - This acquisition underscores SL Green's commitment to acquiring assets in key markets to capture profitable growth opportunities and meet tenant needs [4] - Despite market challenges, SL Green's leasing successes have positioned it as a standout in the office real estate sector, although its shares have dropped 7.1% in the past three months compared to the industry's growth of 0.3% [4]

Core Acquisition Details - Heimar hf. has completed the acquisition of all shares in Tryggvagata ehf., with the sellers being MF2 hs. and Laxamýri ehf. The purchase price was settled through a combination of cash payment and assumption of debt [1] - Tryggvagata ehf. owns properties at Tryggvagata 14 and Tryggvagata 10 in downtown Reykjavík, with a total floor area of approximately 5,500 square meters. The acquisition includes a 106-room, four-star hotel and an adjacent office building [2] Property and Tenant Information - The properties are fully leased to Exeterhouse ehf., which operates Exeter Hotel, and Aton Jl. Exeter Hotel has established itself as a premier hotel in Reykjavík, known for its modern design and high-quality service, ensuring a strong occupancy rate [3] - The properties were constructed in 2018 and are located within Heimar's designated core operational areas, aligning with the company's strategic priorities [4] Strategic Importance - The CEO of Heimar, Halldór Benjamín Þorbergsson, emphasized that the acquisition of these centrally located properties is a significant step in the company's growth strategy, enhancing its property portfolio with premium leased assets [5] - Hjalti Gylfason, Chairman of the Board of Laxamýri ehf., expressed confidence in Heimar as a reliable real estate company, indicating that Exeterhouse ehf. will continue to operate the hotel under its current brand [6]

Group 1 - CeMat A/S has acquired the right of perpetual usufruct (RPU) to 75% of the shares in a land plot designated for road use in Bielany, Warsaw, covering a total area of 1,155 sqm, valid until 2089 [2][3] - The acquired plot is currently utilized for internal roads, contributing to the company's rental operations and future investment plans in the Bielany district, which has a total area of 159,300 sqm [3] - CeMat Group holds perpetual usufruct rights to approximately 58% of the property, ownership rights to about 1%, and possession rights to 41% of the property [3] Group 2 - The final value of the acquired property will be determined through an independent valuation process, marking a significant step towards achieving CeMat's goals for 2025 [4]