WHITESTONE REIT CLOSES $20M REVOLVING CREDIT FACILITY

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HOUSTON – Houston-based Whitestone REIT, a fully integrated real estate company that owns, operates and redevelops its Community Centered Properties, which are located in established or developing culturally diverse neighborhoods, has closed on a new $20 million unsecured revolving credit facility with Harris Bank, part of BMO Financial Group. The facility is expandable to $75 million and matures 2 years from closing with a 12-month extension available upon lender approval. Whitestone REIT will use the new facility for general purposes, including acquisitions and redevelopment of existing properties in its portfolio.

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