Calls on Independent Trustees of Whitestone to Initiate Strategic Review Process to Maximize Value for Whitestone Shareholders

Reminds Trustees of the Whitestone Board's Fiduciary Duties

BALTIMORE, Nov. 18, 2024 /PRNewswire/ -- MCB Real Estate ("MCB"), a leading commercial real estate developer and investment management firm with a diverse nationwide portfolio and approximately $3 billion in AUM, today sent a letter to the Board of Trustees of Whitestone REIT (NYSE: WSR) ("Whitestone") withdrawing MCB's previously announced proposal to acquire the company.

The Whitestone Board Has Summarily Rejected and Refused to Engage Regarding MCB's Improved $15.00 per Share All-Cash Proposal, which would Deliver a 14.5% Premium to Whitestone Shareholders

MCB Urges the Whitestone Board and Management Team to Cease their Entrenchment Tactics and Answer Shareholders' Questions

MCB Calls on Whitestone Shareholders to Make their Voices Heard

Visit www.MaximizingWhitestoneValue.com for More Information

BALTIMORE, Oct. 31, 2024 /PRNewswire/ -- MCB Real Estate ("MCB"), a leading commercial real estate developer and investment management firm with a diverse nationwide portfolio and approximately $3 billion in AUM, today issued the following statement regarding its proposal to acquire Whitestone REIT (NYSE: WSR) ("Whitestone") for $15.00 per share in cash:

Proposal Would Deliver Immediate and Certain 14.5% Premium to Whitestone Shareholders Compared to Share Price Prior to Initial Proposal

Per Share Price Represents a 61.8% Premium to Whitestone's Unaffected Share Price Prior to Takeover Rumors

Sends Letter to Whitestone Board Detailing Compelling and Certain Value of All-Cash Proposal

Launches www.MaximizingWhitestoneValue.com

BALTIMORE, Oct. 9, 2024 /PRNewswire/ -- MCB Real Estate ("MCB"), a leading commercial real estate developer and investment management firm with a diverse nationwide portfolio and approximately $3 billion in AUM, today sent a letter to the Board of Trustees of Whitestone REIT (NYSE: WSR) ("Whitestone") increasing the value of its proposal to acquire the company in an all-cash transaction. Additional materials regarding the proposal are available at www.MaximizingWhitestoneValue.com.

Whitestone's Inexperienced Board is Responsible for Years of Underperformance Driven by Uneconomic Capital Allocation, Inattentive Financial and Management Oversight, and Retrograde Corporate Governance

Erez's Two Trustee Nominees Have the REIT Capital Markets, Shopping Center, and Public Company Board Experience Necessary to Create Long-Term Value for Whitestone Shareholders

Erez Encourages Whitestone Shareholders to Vote Today "FOR" Catherine Clark and Bruce Schanzer and to "WITHHOLD" from David Taylor and Nandita Berry Using the BLUE Proxy Card

Whitestone Seeks to Distract Shareholders from its Board and Management's Many Failings and Scandals by Promoting a False Narrative About Erez's Intentions

Urgent Change is Desperately Needed at Whitestone, with New Trustees that Bring Relevant REIT Capital Markets and Shopping Center Experience, to Create Long-Term Value for Shareholders

Encourages Whitestone Shareholders to Vote "FOR" Catherine Clark and Bruce Schanzer and to "WITHHOLD" from David Taylor and Nandita Berry Using the BLUE Proxy Card

Reiterates the Need for Change at Whitestone, the Shopping Center REIT that Trades at the Biggest Discount to NAV of its Cited Peers

Notes the Irony of a Board Filled with Undisclosed Former Service Providers to Mr. Mastandrea Claiming that One Call with Mr. Mastandrea Constitutes "Collusion"

Encourages Whitestone Shareholders to Vote "FOR" Catherine Clark and Bruce Schanzer and to "WITHHOLD" from David Taylor and Nandita Berry Using the BLUE Proxy Card

NEW ROCHELLE, N.Y., May 6, 2024 /PRNewswire/ -- Erez Asset Management, LLC ("Erez"), a shareholder of Whitestone REIT (NYSE: WSR) ("Whitestone" or the "Company") which has nominated two candidates for election at Whitestone's upcoming 2024 Annual Meeting of Shareholders, today reiterated the need for change at Whitestone and responded to Whitestone's press release falsely accusing Erez of pursuing an offer to acquire the Company.

ISS Finds that Erez Makes a "Compelling Case" and Erez Nominee Bruce Schanzer Would Bring Relevant Shopping Center REIT Experience, an Independent Perspective, and a History of Engaging Collaboratively with Shareholders to the Board

Erez Encourages Whitestone Shareholders to Vote "FOR" Catherine Clark and Bruce Schanzer and to "WITHHOLD" from David Taylor and Nandita Berry Using the BLUE Proxy Card

NEW ROCHELLE, N.Y., April 30, 2024 /PRNewswire/ -- Erez Asset Management, LLC ("Erez"), a shareholder of Whitestone REIT (NYSE: WSR) ("Whitestone" or the "Company") which has nominated two candidates for election at Whitestone's upcoming 2024 Annual Meeting of Shareholders, today announced that Institutional Shareholder Services Inc. ("ISS"), a leading independent proxy advisory firm, has recommended shareholders vote on Erez's BLUE proxy card "FOR" Erez nominee Bruce Schanzer and "WITHOLD" from Whitestone nominee Nandita Berry.

Whitestone's Presentation Twists the Facts and Fails to Address the Company's Significant Underperformance and the Board's Misguided Capital Allocation and Manifest Governance Failures

Erez Encourages Whitestone Shareholders to Vote "FOR" Catherine Clark and Bruce Schanzer, Two Experienced Real Estate Executives, and to "WITHHOLD" from David Taylor and Nandita Berry Using the BLUE Proxy Card

NEW ROCHELLE, N.Y., April 26, 2024 /PRNewswire/ -- Erez Asset Management, LLC ("Erez"), a shareholder of Whitestone REIT (NYSE: WSR) ("Whitestone" or the "Company") which has nominated two candidates for election at Whitestone's upcoming 2024 Annual Meeting of Shareholders, today sent a letter to Whitestone shareholders calling out the Whitestone Board of Trustees (the "Board") for obfuscating facts and ignoring key criticisms.

Highlights the Whitestone Board's Performance and Governance Failures and Details How Erez's Trustee Nominees Can Help Restore Value for Shareholders

Erez Urges Whitestone Shareholders to Protect Their Investment by Voting "FOR" Catherine Clark and Bruce Schanzer and to "WITHHOLD" from David Taylor and Nandita Berry Using the BLUE Proxy Card

View the Presentation at erezassetmgmt.com

NEW ROCHELLE, N.Y., April 23, 2024 /PRNewswire/ -- Erez Asset Management, LLC ("Erez"), a shareholder of Whitestone REIT (NYSE: WSR) ("Whitestone" or the "Company"), today released a presentation outlining the need for change to Whitestone's Board of Trustees (the "Board") and detailing how Erez's trustee nominees, Catherine Clark and Bruce Schanzer, can help to improve the Company's performance and restore value for shareholders.

Board Has Hidden Conflicts of Interest and Has Overseen Poor Governance and Capital Allocation, Leaving Whitestone Subscale and Over-Leveraged

Company Has Diluted Shareholders with Equity Offerings Only to Return that Equity to Shareholders in a Non-Sensical Recycling of Capital

Whitestone Trades at Persistent Discount to NAV and Has Underperformed Its Potential, Its Peers, and the Board's Own Expectations

Each of Erez's Nominees Has Decades of Shopping Center, REIT Management, and Real Estate Capital Markets Experience and Can Help Enhance Whitestone's Value