About Whitestone REIT
Whitestone REIT is a company based in Houston (United States) founded in 1998 was acquired by Ares Management in April 2026. Whitestone REIT has raised $17.2 million across 1 funding round from investors including Ares Management. The company has 72 employees. Whitestone REIT has completed 1 acquisition, including Arcadia Towne Center. Whitestone REIT offers products and services including Property Leasing, Property Management, and Acquisitions. Whitestone REIT operates in a competitive market with competitors including Simon, Brookfield Properties, Kimco Realty, Macerich and Federal Realty, among others.
- Headquarter Houston, United States
- Employees 72
- Stage Public
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website whitestonereit.com
- Social LinkedIn X Facebook
- Acquired by Ares Management (Apr 2026)
- Legal Name Whitestone Reit
- Annual Revenue$155.51 M (USD)5.13as on Dec 31, 2024
- Net Profit$36.89 M (USD)92.35as on Dec 31, 2024
- EBITDA$91.03 M (USD)4.4as on Dec 31, 2024
- Total Equity Funding$17.2M (USD)
in 1 rounds
- Latest Funding Round$17.2M (USD), Series A
Jun 2002
- Investors
- Employee Count72
- Investments & Acquisitions
- Acquired byAres Management
(Apr 2026)
Products & Services of Whitestone REIT
Whitestone REIT offers a comprehensive portfolio of products and services, including Property Leasing, Property Management, and Acquisitions.
Leasing commercial spaces to businesses and tenants
Managing and redeveloping community properties
Acquiring properties for investment and development
Funding Insights of Whitestone REIT
Whitestone REIT has successfully raised a total of $17.2M through 1 strategic funding round. The most recent funding activity was a Series A round of $17.2 million completed in June 2002. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $17.2M
- Total Rounds 1
- Last Round Series A — $17.2M
- First Round $17.2M
(Jun 2002)
All 1 funding rounds of Whitestone REIT with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2002 | $17.2M | Series A | – | – | – |
1 investors in total: 1 institutional.
Investors in Whitestone REIT
Whitestone REIT has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Ares Management.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Alternative asset investment management firm | 1997 | aresmgmt.com | Los Angeles, United States |
Investor details for Whitestone REIT
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Whitestone REIT
17 people are tracked at Whitestone REIT (8 in leadership, 9 in team); the tracked headcount is 72.
| Name | Role | Group |
|---|---|---|
David K. Holeman | CEO | Leadership |
Christine Mastandrea | President And Chief Operating Officer | Leadership |
Scott Hogan | Chief Financial Officer | Leadership |
David Spagnolo | Regional Sr. Vp, Dallas/austin | Leadership |
Michelle Soklin Siv | Director Of Human Resources | Leadership |
Cheryl Holmes | Assistant Vice President Property Management | Leadership |
Tim Ng | Vice President Of Acquisitions | Leadership |
Made Setiawan | Director Of Credit And Collections | Leadership |
Alexander C. | Regional Accounting Manager | Team |
Peter Tropoli | General Counsel | Team |
Michael Ly | Controller | Team |
Sara Olfat | Lease Specialist/risk Management Coordinator | Team |
David Chambers | Acquisition Manager | Team |
Eric le Baron | Senior Property Accountant | Team |
Nicole Vassar | Human Resources Specialist | Team |
Macy S. | Associate General Counsel | Team |
Mark Cervantes | Corporate Accountant | Team |
Complete people profiles for Whitestone REIT
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IPO & Listings of Whitestone REIT
Whitestone REIT is a publicly listed company on the NYSE with ticker symbol WSR in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date25 Aug 2010
- Listed onNYSEAMERICAN: WSR
- Listed entityWhitestone REIT
- Exchange sectorFinance
- ISINUS9660842041
- Share price$18.98 (+0.11% on the day) · 2026-05-11
- Market capitalisation$1.95B
- Price to earnings19.7
- EPS (diluted, trailing year)$0.96
- Dividend yield2.88%
- Volume (last session)167,745
- Analyst consensusNeutral
Financials of Whitestone REIT
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2024 | $155.5M | $36.9M | $91.0M |
| 2023 | $147.9M | $19.2M | $87.2M |
| 2022 | $140.6M | $35.3M | $79.3M |
| 2021 | $125.3M | $12.1M | $68.8M |
| 2020 | $123.6M | $6.0M | $61.6M |
Detailed financial statements for Whitestone REIT
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Investments & Acquisitions by Whitestone REIT
Whitestone REIT has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Arcadia Towne Center.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Shopping center operations are managed in Phoenix since 2018. | arcadiatownecenter.com | Phoenix, United States | 2018 | Jun 2023 | $25.3M |
Complete acquisition details for Whitestone REIT
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Timeline of Whitestone REIT
5 dated milestones of Whitestone REIT across 28 years, from founding to its latest funding, stage changes and deals.
- Founded Whitestone REIT is founded.
- Funding First funding round of $17.2M.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Arcadia Towne Center.
- Exit Acquired by Ares Management.
Competitors of Whitestone REIT
Whitestone REIT operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Simon, Brookfield Properties, Kimco Realty, Macerich and Federal Realty, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| simon.com | 1960 | Indianapolis, United States | – | – | Shopping and entertainment destinations are managed by Simon. | |
| brookfieldproperties.com | 1924 | New York, United States | $15M | – | Commercial properties are developed and managed by Brookfield Properties. | |
| kimcorealty.com | 1958 | Jericho, United States | – | – | Open-air shopping centers are operated with grocery and mixed-use properties. | |
| macerich.com | 1964 | Los Angeles, United States | – | 651 | Equity REIT investing in retail real estate | |
| federalrealty.com | 1962 | Rockville, United States | – | 314 | REIT that invests in commercial retail properties | |
| regencycenters.com | 1963 | Jacksonville, United States | – | 431 | Retail properties are invested in as an Equity REIT. | |
| seritage.com | 2015 | New York, United States | – | 13 | Multi-tenant shopping centers are invested in by the REIT. | |
| taubman.com | 1950 | Bloomfield Hills, United States | – | – | Commercial retail properties are invested in by Taubman, a REIT. | |
| nnnreit.com | 1984 | Orlando, United States | – | 82 | Real estate investment trust focused on net-leased freestanding retail properties |
Detailed competitors of Whitestone REIT
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Web traffic of Whitestone REIT
The website of Whitestone REIT (whitestonereit.com) receives about 9K visits a month.
- Monthly visits9K
▲ 7.5% vs previous month
Websites whose visitors overlap most with Whitestone REIT. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| dmbinc.com | 100% | 3.5K | #5,065,512 | View details | |
shophuebneroaks.com | shophuebneroaks.com | 26% | – | #4,768,594 | – |
Latest news on Whitestone Reit
Complete news archive for Whitestone REIT
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Similar companies to Whitestone REIT
10 companies that operate in the same segment as Whitestone REIT (REITs), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Wireless communications infrastructure and data center solutions are provided. | 1994 | Boston, Massachusetts, United States | – | USD 10.64 B | 4,690 | |
REIT that invests in campuses, multi-tenant spaces and build-to-suit facilities in the US | 1994 | Pasadena, California, United States | – | USD 3.03 B | 552 | |
Telecom and network infrastructure investments are managed as a REIT. | 2015 | Little Rock, Arkansas, United States | – | USD 2.23 B | 758 | |
Open-air shopping centers are operated with grocery and mixed-use properties. | 1958 | Jericho, United States | – | USD 2.15 B | 717 | |
REIT that invests in residential and mixed-use rental properties in the United States | 1994 | Santa Rosa, United States | – | USD 2.96 B | 2,990 | |
Temperature-controlled warehousing and logistics services are provided globally. | 1903 | Atlanta, Georgia, United States | – | USD 2.6 B | 13,760 | |
REIT that invests in commercial properties such as office and retail | 1980 | New York, New York, United States | – | USD 1.03 B | 1,220 | |
REIT that focuses on senior living and healthcare sectors | 1992 | Hunt Valley, Maryland, United States | – | USD 1.2 B | 60 | |
Wireless infrastructure is leased and developed for service providers. | 1989 | Boca Raton, Florida, United States | – | USD 2.82 B | 1,720 | |
Healthcare real estate investment trust | 1970 | Toledo, Ohio, United States | – | USD 6.56 B | 533 |
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Frequently Asked Questions about Whitestone REIT
Whitestone REIT was founded in 1998 and raised its 1st funding round 4 years after it was founded.
Whitestone REIT is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
Whitestone REIT is a funded company, having raised a total of $17.2M across 1 funding round to date. The company's 1st funding round was a Series A of $17.2M, raised on Jun 2002.
Whitestone REIT has 72 employees.
Annual revenue of Whitestone REIT is $155.51M as on Dec 31, 2024.
Whitestone REIT was established in 1998 and is headquartered in Houston, United States. As a diversified equity real estate investment trust, ownership and management of retail and mixed-use properties are handled. Operations include acquisition, development, and leasing of commercial spaces, with a focus on community-oriented centers. Investments are directed toward value-add opportunities in the retail sector across multiple markets.
Whitestone REIT's top competitors include Kimco Realty, Simon and Macerich.
Whitestone REIT offers Property Leasing, Property Management, and Acquisitions.
Yes, Whitestone REIT is publicly traded on NYSE under the ticker symbol WSR.
Whitestone REIT has made 1 acquisition, including Arcadia Towne Center.
Whitestone REIT has 1 investor. Key investors include Ares Management.
Whitestone REIT operates through Whitestone Reit.