Whitestone Provides a Business Update Related to COVID-19 - Seite 2

Mr. Mastandrea added, “We are fully committed to the long-term success of our tenants. We often say ‘local knows local best.’ That couldn’t be more true today, in Whitestone’s Community Centered Properties that are strategically located in the fastest growing cities in Texas and Arizona, including Houston, Dallas, Ft. Worth, Austin, and San Antonio, Phoenix, Scottsdale, Mesa, Gilbert, Chandler, Ahwatukee, Fountain Hills, and Anthem.” Mr. Mastandrea concluded, “Our e-commerce business model, which was born out of the Financial Crisis in 2008-2009, targets fast growing markets in business friendly states and has proven its earning potential and ability to endure economic downturns and uncertainty over time and continues to prove itself.”

“We really appreciate Whitestone’s resilience in helping us during these uncertain times,” stated Derek and Sheree Simm, co-owners of Rare Books Bar, at The Shops at Starwood property in Frisco, Texas. “They’ve been in constant contact with us since the onset of the pandemic and are helping us develop a plan for a speedy recovery.”

About Whitestone REIT
Whitestone is a community-centered retail REIT that acquires, owns, manages, develops and redevelops high quality "e-commerce resistant" neighborhood, community and lifestyle retail centers principally located in the largest, fastest-growing and most affluent markets in the Sunbelt. Whitestone’s optimal mix of national, regional and local tenants provides daily necessities, needed services and entertainment to the communities in which they are located. Whitestone's properties are primarily located in business-friendly Phoenix, Austin, Dallas-Fort Worth, Houston and San Antonio, which are among the fastest growing U.S. population centers with highly educated workforces, high household incomes and strong job growth. For additional information, visit www.whitestonereit.com. 

Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Company intends for all such forward-looking statements to be covered by the safe-harbor provisions for forward-looking statements contained in Section 27A of the Securities Act and Section 21E of the Exchange Act, as applicable. Such information is subject to certain risks and uncertainties, as well as known and unknown risks, which could cause actual results to differ materially from those projected or anticipated. Therefore, such statements are not intended to be a guarantee of our performance in future periods. Such forward-looking statements include statements about our earnings guidance, future liquidity, performance growth and expectations and other matters and can generally be identified by the Company’s use of forward- looking terminology, such as “may,” “will,” “plan,” “expect,” “intend,” “anticipate,” “believe,” “continue,” “goals” or similar words or phrases that are predictions of future events or trends and which do not relate solely to historical matters.