Whitestone REIT has agreed to be acquired by Ares Management Corp. in an all-cash transaction valued at approximately $1.7 billion.
Whitestone’s portfolio as of March 31, 2026, comprises 56 high-quality, convenience-focused retail properties totaling approximately 4.9 million square feet in some of the country’s fastest growing markets including Phoenix, Austin, Dallas-Fort Worth, Houston and San Antonio.
“We believe Whitestone has shown the value of high-return smaller spaces occupied by a well-diversified mix of tenants,” said Dave Holeman, CEO of Whitestone. “Our investment strategy is designed to allow businesses to fuel connection and convenience within thriving, dynamic communities. We believe this transaction with Ares is a testament to the value that strategy has created for our business and, ultimately, for our shareholders.”
Christine Mastandrea, president and COO of Whitestone, added, “We are deeply proud of our Whitestone team for their
