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
properties in established or developing culturally diverse
neighborhoods, announced today that it promoted Richard D. Rollnick to
Sr. Vice President-Regional Director, and he will continue as Director
of Real Estate Development.
"Mr. Rollnick joined Whitestone as the Director of Real Estate
Development in March of 2012, and his initial focus has been on the
value-add development opportunities within our current portfolio, such
as the adjacent acreage we purchased in two of our recent acquisitions
at Starwood in Dallas and Pinnacle in Scottsdale, as well as pad site
development in several other Community Centers," said James C.
Mastandrea, Whitestone’s Chairman and Chief Executive Officer. “Having
been directly responsible for developing, financing, marketing and
managing over 14 million square feet of commercial properties located
throughout the United States during his 25-year real estate industry
career, Mr. Rollnick has a vast amount of real estate operating,
development and value-add experience. In his new role, he will lead the
operations of the Company's western region, including leasing, property
management and construction, as well as new development and value-add
opportunities.”
Prior to joining Whitestone, Mr. Rollnick had been founding principal of
Allegiant Properties, LLC, a real estate asset management company, and
Crown West Realty, a private real estate investment, development and
management company. He has also served in executive leadership positions
with several prominent national and regional commercial real estate
development, investment banking and advisory firms for properties
located in Arizona, Colorado, California, Washington, and North
Carolina. Mr. Rollnick holds a Bachelor of Science degree from Woodbury
University, a Masters of Business Administration from Pepperdine
University Graduate School of Business, and has completed the Harvard
University Graduate School of Design, Running a Real Estate Company
Program. Mr. Rollnick is a licensed real estate broker in California and
Arizona and holds the CCIM designation.
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 950 tenants comprises less than 1.5% 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