Whitestone REIT's Board of Trustees Declares Fourth Quarter 2015 Dividend

HOUSTON, Sept. 24, 2015 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) ("Whitestone" or "the Company") announced today that its Board of Trustees has declared a quarterly cash dividend for the 2015 fourth quarter of 28.5 cents per share on the Company's common stock and Operating Partnership units. The fourth quarter dividend will be paid in three installments of 9.5 cents each in October, November and December. The record and payment dates for the fourth quarter period are as follows:

"Whitestone's business model continues to deliver profitable growth and increasing cash flows," stated Jim Mastandrea, Chairman and Chief Executive Officer. "The declaration of our fourth quarter dividend by our trustees reflects their confidence in our ability to continue to successfully execute our strategy."

About Whitestone REIT

Whitestone REIT (NYSE: WSR) is a fully integrated real estate investment trust ("REIT") that owns, redevelops, repositions, leases, manages and operates Community Centered PropertiesTM. Whitestone focuses on value creation in its community centers, concentrating on local service-oriented tenants. Whitestone's diversified tenant base provides service offerings including specialty retail, grocery, restaurants, medical, educational and financial services. Founded in 1998, the Company is internally managed with a portfolio of 70 commercial properties in Texas, Arizona, and Illinois. For additional information about the Company, please visit www.whitestonereit.com.

Forward-Looking Statements

Statements included herein that state the Company's or management's intentions, hopes, beliefs, expectations or predictions of the future are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995, which by their nature, involve known and unknown risks and uncertainties. The Company's actual results, performance or achievements could differ materially from those expressed or implied by these statements. Reference is made to the Company's regulatory filings with the Securities and Exchange Commission for information or factors that may impact the Company's performance.

CONTACT: Whitestone REIT:
         Bob Aronson
         Director of Investor Relations
         D: (713) 435-2219; M: 832-364-8314
         [email protected]

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