– USA, TX – Whitestone REIT (NYSE: WSR), today announced the appointment of Dave Holeman as CEO, effective immediately alongside independent Trustee David Taylor appointed Chairman of the Board of Trustees. They succeed James Mastandrea who left the company for cause, effective immediately.
David Taylor, Board Chairman said, “Whitestone is a strong, resilient company with outstanding assets in attractive growth markets, loyal tenants, and talented and committed employees. These factors, together with Mr. Holeman’s intimate knowledge of the business and the deep bench of talent we have cultivated at Whitestone, reinforce our expectations that this leadership transition will be smooth and seamless.”
“I am looking forward to continuing to build on our progress, executing our growth strategy, and driving value creation for our shareholders and other stakeholders,” said CEO, Dave Holeman. “Today, we have premier assets in the nation’s highest growth markets and a team with the unmatched local expertise and resources to deliver for our tenants and shareholders. Our people and data-driven approach have always kept us ahead of the curve, ensuring we grow throughout economic cycles. I look forward to continuing to extend that legacy as Whitestone enters its next chapter of growth and success.”
About Whitestone REIT
Whitestone is a community-centered shopping center REIT that acquires, owns, manages, develops, and redevelops high-quality neighborhood centers primarily in the largest, fastest-growing, and most affluent markets in the Sunbelt. It creates Communities that thrive through creating local connections between consumers in the surrounding communities and a well-crafted mix of local, regional, and national tenants that provide daily necessities, needed services, entertainment, and experiences.
Whitestone REIT pays monthly dividends to its shareholders and it has consistently done so for more than 15 years. Whitestone’s strong balanced and managed capital structure provides stability and flexibility for growth and positions Whitestone to perform well through economic cycles.
For more information: https://www.whitestonereit.com/
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