Capital Offerings Profile

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Company NameWhitestone REIT
Offering TypeCommon Stock - Other
DescriptionCommon Shares
Currency of IssueUSD
Trading Symbol (Exchange)WSR (NYSE)
Announcement Date5/31/2019
Completion Date6/30/2019
Shelf Filing Date5/17/2018
Mandatory Redemption?No
Exchange for Existing Issue?No

Use of Proceeds
The company will contribute the net proceeds from the issuance of common stock to its operating partnership in exchange for OP units. Its operating partnership intends to use the net proceeds from this offering for general corporate purposes, which may include acquisitions of additional properties, the repayment of outstanding indebtedness, capital expenditures, the expansion, redevelopment and/or improvement of properties in its portfolio, working capital and other general purposes. Pending application of any portion of the net proceeds, the company's operating partnership will invest the net proceeds from this offering in interest-bearing accounts and short-term, interest-bearing securities in a manner that is consistent with its intention to maintain its qualification as a REIT.

Gross Amount Offered ($000)3,858
Amount Including Overallotment ($000)3,858
Shares Offered305,139
Total Shares Offered305,139
Original Shelf Value ($000)750,000

Underwriting Fees
Gross Spread (%)2.00

UnderwritersShares UnderwrittenAmount Underwritten($000)
Selling Agent(s)
  B. Riley FBR, Inc.--
  BMO Capital Markets Corp.--
  Deutsche Bank Securities Inc.--
  JMP Securities LLC--
  RBC Capital Markets, LLC--
  Regions Securities LLC--
  Sandler O'Neill & Partners, L.P.--
  SunTrust Robinson Humphrey, Inc.--

Issuer's CounselMorrison & Foerster LLP
Underwriter's CounselHunton Andrews Kurth LLP
Auditor(s)Pannell Kerr Forster of Texas, P.C.
Clearing House(s)Depository Trust Company

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