New Regional Leasing Directors Add Senior-Level Portfolio
Repositioning, Transformation Expertise
HOUSTON--(BUSINESS WIRE)--
Whitestone REIT (NYSE-AMEX: WSR – “Whitestone”), a fully
integrated real estate company that owns, operates and re-develops
Community Centered PropertiesTM, which are visibly located in
established or developing culturally diverse neighborhoods, announced
that it has enhanced its southwest and central regional leasing teams by
adding Todd King as Director of Leasing – Texas/Illinois Central
Division and Daniel Kovacevic as Director of Leasing – Arizona Southwest
Division. Mr. King and Mr. Kovacevic, both licensed Real Estate Brokers,
together bring nearly sixty years of combined experience in commercial
real estate leasing, management, development and investment.
“We are building bench strength throughout our enterprise as we focus on
our goals of increasing occupancy, identifying value-add opportunities
within our portfolio and creating value for our shareholders,” said
James C. Mastandrea, Whitestone’s Chairman and Chief Executive Officer.
“We welcome Todd King and Daniel Kovacevic to lead our leasing teams
with their considerable senior-level experience in the repositioning,
transformation, and lease-up of commercial properties.”
Mr. King is past President and Board member of the Houston Chapter of
NAIOP and previously served as Executive Vice President at Vantex
CPG/Vantage Companies, Senior Director of Real Estate Development at
Opus West Corporation, and Leasing Director of Equity Office Properties.
A graduate of the University of Texas, Austin, Mr. King earned his MBA
from the University of St. Thomas in Houston, Texas.
Mr. Kovacevic, who is a CPA, was a Partner with Mitroff Group, Ltd. for
25 years where he specialized in developing, leasing, managing and
repositioning niche mixed-use and commercial developments. Prior to
this, he was a Partnership Accountant at JMB Realty and past President
of the Home Builders Association of Greater Chicago. A Civil Engineering
graduate from Northwestern University, Mr. Kovacevic earned his MBA from
Kellogg School of Management at Northwestern University.
About Whitestone REIT
Whitestone REIT is a fully integrated real estate company that owns,
operates and re-develops Community Centered PropertiesTM,
which are visibly located properties in established or developing
culturally diverse neighborhoods. Whitestone focuses on value-creation
in its Centers, as it markets, leases and manages its Centers to match
tenants with the shared needs of surrounding neighborhoods. Operations
are structured for providing cost-effective service to local
service-oriented smaller space tenants (less than 3,000 square feet).
Whitestone has a diversified tenant base concentrated on service
offerings such as medical, education, and casual dining. The largest of
its over 900 tenants comprises less than 2% of its rental revenues.
Headquartered in Houston, Texas and founded in 1998, the Company is
internally managed with a portfolio of commercial centers in Texas,
Arizona, and Illinois. For additional information about the Company,
please visit www.whitestonereit.com.
The investor section of the Company's website has links to SEC filings,
news releases, financial reports and investor newsletters.
Forward-Looking Statements
Statements included herein that state the Company's or management's
intentions, hopes, beliefs, expectations or predictions of the future
are "forward-looking" statements within the meaning of the Private
Securities Litigation Reform Act of 1995, which by their nature, involve
known and unknown risks and uncertainties. The Company's actual results,
performance or achievements could differ materially from those expressed
or implied by these statements. Reference is made to the Company's
regulatory filings with the Securities and Exchange Commission for
information or factors that may impact the Company's performance.
Whitestone REIT
Anne Gregory, (713) 435 2221
Vice
President Marketing & Investor Relations
ir@whitestonereit.com
Source: Whitestone REIT