Capital Offerings Profile

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Company NameWhitestone REIT
Offering TypeFollow-On
DescriptionCommon Shares
ISINUS9660842041
Currency of IssueUSD
Trading Symbol (Exchange)WSR (NYSE)
 
Announcement Date3/31/2011
Trade Date5/4/2011
Settlement Date5/10/2011
Completion Date5/4/2011
Overallotment Expiration6/9/2011
Lock-up Expiration8/2/2011
Date Overallotment Exercised5/10/2011
 
144a?No
Mandatory Redemption?No
Convertible?Yes
Exchange for Existing Issue?No

Use of Proceeds
The net proceeds from this offering will be contributed to the company's operating partnership, which then intends to use the net proceeds to acquire commercial properties in the company's target markets, directly from owners or by acquiring loans with the intent to acquire the underlying property through foreclosure or deed in lieu of foreclosure within a short period of time, to redevelop and re-tenant existing properties to create Whitestone-branded Community Centered Properties and for general corporate purposes. Pending these uses, the company intends to invest the net offering proceeds in interest-bearing, short-term, marketable investment grade securities or money market accounts.

Pricing
Offer Price ($)12.00
Gross Amount Offered ($000)60,000
Amount Including Overallotment ($000)63,720
Shares Offered5,000,000
Total Shares Offered5,310,000

Overallotments
Overallotment Amount Available ($000)9,000
Overallotment Shares Available750,000
Overallotment Amount Exercised ($000)3,720
Overallotment Shares Exercised310,000

Underwriting Fees
Gross Spread ($)0.66
Gross Spread (%)5.50

UnderwritersShares UnderwrittenAmount Underwritten($000)
Book Manager(s)
  BMO Capital Markets Corp.2,000,00024,000
  JMP Securities LLC1,000,00012,000
  B. Riley Wealth Management, Inc.750,0009,000
Non-book Lead Manager(s)
  Ladenburg Thalmann & Co. Inc.600,0007,200
Co-Manager(s)
  Hilltop Securities Inc.250,0003,000
  J.J.B. Hilliard, W.L. Lyons, LLC250,0003,000
  Maxim Group LLC150,0001,800

Professionals
Issuer's CounselMorris, Manning & Martin, LLP
Underwriter's CounselHunton Andrews Kurth LLP
Auditor(s)Pannell Kerr Forster of Texas, P.C.

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