Whitestone REIT Shareholders Approve $1.7B Acquisition at $19 Per Share
WSR•Whitestone REIT shareholders approved the all-cash acquisition by Ares Real Estate funds at $19.00 per share, valuing the transaction at approximately $1.7 billion. The deal, outlined in the April 8 merger agreement, is expected to close on or about July 14, 2026, pending customary conditions.
1. Shareholder Approval of Acquisition
On July 9, 2026, Whitestone REIT held a special shareholders’ meeting where holders of its common shares and operating partnership units approved an all-cash acquisition by certain Ares Real Estate funds.
2. Merger Agreement Terms
Under the definitive merger agreement dated April 8, Ares will acquire all outstanding Whitestone common shares and partnership units at $19.00 per share or unit, valuing the combined transaction at about $1.7 billion.
3. Expected Closing and Next Steps
The acquisition is slated to close on or about July 14, 2026, subject to satisfaction or waiver of customary closing conditions, with final vote results to be certified and filed on Form 8-K.
