Mergers & Acquisitions · · GlobeNewswire
Ares to Acquire Whitestone REIT for $1.7B, Paying $19.00 Per Share
WSRWhitestone REIT
Whitestone REIT entered into a definitive merger agreement with Ares Management Corporation to be acquired in an all-cash transaction valued at approximately $1.7 billion. The purchase price is $19.00 per share or unit, representing a 12.2% premium to the closing stock price on April 8, 2026, and a 26.5% premium to the unaffected share price prior to March 5, 2026. The transaction was unanimously approved by Whitestone's Board of Trustees and is expected to close in the third quarter of 2026, subject to shareholder approval and customary closing conditions. Upon completion, Whitestone will become a private company and its shares will be de-registered from the NYSE. Whitestone REIT acquires, owns, operates, and develops open-air retail centers in high-growth markets.