WHITESTONE REIT ENTERS $125M CREDIT FACILITY

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HOUSTON — Houston-based Whitestone REIT has closed on a 3-year, $125 million, unsecured revolving credit facility, which replaces the existing $20 million facility with Bank of Montreal. BMO Capital Markets was the sole lead arranger and sole book runner of the facility, Bank of Montreal was the administrative agent, U.S. National Association served as the syndication agent, along with Capital One National Association and Wells Fargo Bank, N.A. served as the co-documentation agents. MidFirst Bank was also included in the lender group. Whitestone plans to use the new facility for acquisitions, redevelopments and general corporate purposes.

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