Whitestone REIT (WSR) Proxy filing summary

Executive summary

• Entered into a definitive agreement for acquisition by Ares Real Estate funds at $19.00 per share or unit, valuing the enterprise at approximately $1.7 billion including debt.

• Transaction unanimously approved by the Board of Trustees and expected to close in Q3 2026, subject to shareholder approval and customary conditions.

• No immediate changes to employee roles, compensation, or benefits; business operations and tenant relationships remain unchanged until closing.

• Upon completion, company will become private and shares will be de-registered from the NYSE.

Voting matters and shareholder proposals

• Shareholders will vote on the proposed merger agreement as a condition for closing.

• Proxy statement and related materials will be filed with the SEC and mailed to shareholders.

Board of directors and corporate governance

• Board of Trustees unanimously approved the merger agreement, citing best interests of shareholders.

• Leadership team will continue to manage day-to-day operations during the transition.