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WHITESTONE REIT ANNOUNCES PRICING OF PUBLIC OFFERING

Posted on by in Other, Texas

HOUSTON — Houston-based Whitestone REIT, a fully integrated real estate company that owns, operates and redevelops visibly located properties in established or developing culturally diverse neighborhoods, has announced the pricing of its public offering of 5 million of its Class B common shares at a price to the public of $12 per share. The offering was conducted pursuant to an effective registration statement filed with the Securities and Exchange Commission. The underwriters have been granted a 30-day option to purchase up to an additional 750,000 of Class B common shares from Whitestone at the public offering price, less the underwriting discount and commissions, to cover over-allotments, if any.

BMO Capital Markets, JMP Securities and Wunderlich Securities are acting as joint book-running managers. Ladenburg Thalman & Co. Inc. is lead manager. Co-managers include J.J.B. Hilliard, W.L.Lyons, LLC; Southwest Securities, Inc., and Maxim Group LLC. The offering is expected to close on May 10, 2011, subject to customary closing conditions.

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