Whitestone REIT shareholders approve $1.7B Ares acquisition

Whitestone REIT (NYSE: WSR) shareholders voted to approve an all-cash acquisition by certain Ares Real Estate funds at a special shareholder meeting held July 9, 2026.

Under the terms of the merger agreement, signed April 8, 2026, Ares will acquire all outstanding Whitestone common shares and all outstanding operating partnership units of Whitestone REIT Operating Partnership, L.P. at $19.00 per share or unit. The total transaction is valued at approximately $1.7 billion.

The deal is expected to close on or about July 14, 2026, subject to satisfaction or waiver of remaining customary closing conditions.

Whitestone said it will file final vote results from the special meeting with the U.S. Securities and Exchange Commission on a Current Report on Form 8-K, as certified by the independent Inspector of Election.

Whitestone is a Houston-based real estate investment trust that owns and operates open-air retail centers in Phoenix, Austin, Dallas-Fort Worth, Houston, and San Antonio.

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