Whitestone REIT Publishes Investor Presentation Highlighting Execution of Our Strategy to Continue Driving Long Term Sustainable Value Creation - Seite 2

• Erez’s principal, Bruce Schanzer, is attempting to recycle a playbook from his time as CEO at Cedar Realty Trust, a company plagued by governance issues, reputational concerns and long-term operational and share price underperformance.
• Erez has demanded a change in Whitestone’s Board with the sole purpose of embarking on an immediate sale or liquidation of the Company under adverse market conditions; Erez has offered no substantive operational or strategic ideas. Their criticisms of our strategy, operations, and corporate governance do not have merit and are meant to mislead shareholders.
• The Whitestone Board is open to all avenues to drive shareholder value including evaluating transaction opportunities, but we are opposed to selling under adverse market conditions. We want to maximize value for shareholders not crystallize value at the worst possible time. However, Erez demonstrates a singular focus on short-term gains at the expense of the long-term value opportunity evidenced by Whitestone’s share price momentum.
• Erez’s nominees are wholly unqualified to join our Board. Bruce Schanzer has a tumultuous, conflicted and value destructive track record at Cedar Realty Trust. Catherine Clark, who Erez touts as bringing strong shopping center REIT expertise, has never acquired or sold assets in our core markets; worse, during her tenure at RPT Realty, the company was among the worst performing shopping center REITs on a total returns basis, underperforming Whitestone by over 42%.
  

The Board of Trustees does NOT endorse any of Erez’s nominees and unanimously recommends that shareholders vote “FOR” ONLY the election of the six (6) nominees proposed by the Board of Trustees on the WHITE proxy card, and as the Board of Trustees recommends on all other proposals.

Whitestone shareholders who have any questions or require any assistance with voting may contact our proxy solicitation firm, Mackenzie Partners, toll-free at (800)-322-2885.

Advisors

BofA Securities is serving as financial advisor to the Company.

About Whitestone REIT

Whitestone REIT (NYSE: WSR) is a community-centered real estate investment trust (REIT) that acquires, owns, operates, and develops open-air, retail centers located in some of the fastest growing markets in the country: Phoenix, Austin, Dallas-Fort Worth, Houston and San Antonio.