Mergers & Acquisitions · GlobeNewswire

Ares to Acquire Whitestone REIT for $1.7 Billion, or $19.00 Per Share

WSRWhitestone REIT

Whitestone REIT entered a definitive merger agreement with Ares Management to acquire all outstanding common shares and operating partnership units for $19.00 per share in an all-cash transaction valued at approximately $1.7 billion. The offer represents a 12.2% premium to the closing price on April 8, 2026. The deal was unanimously approved by Whitestone's Board and is expected to close in Q3 2026, subject to customary conditions including shareholder approval. Upon completion, Whitestone will become a private company and its shares will be delisted from the NYSE. Whitestone REIT acquires, owns, operates, and develops open-air retail centers in high-growth U.S. markets.