Whitestone REIT Announces Dividend Reinvestment Plan

Whitestone REIT WSR announced today that its Board of Trustees has approved the creation of a Dividend Reinvestment Plan for shareholders of record of its Class A common shares and Class B common shares, effective May 31, 2011. Through the plan, Class B common shares are issued to participants with reinvested dividends at the average of the high and low sales price reported on the NYSE Amex on the dividend payment date, as further described in the DRIP prospectus. Whitestone expects to have the plan in place on June 1, 2011. All shareholders of record of Class A common and Class B common shares are eligible to participate in the DRIP, and may have all of their monthly cash dividends automatically reinvested in additional Class B common shares of Whitestone REIT. No administrative fees or commissions will be payable by participants in connection with purchases of Class B common shares pursuant to the DRIP. “We are pleased to offer this new plan, which provides a convenient and economical way for shareholders to increase their share ownership in Whitestone without incurring brokerage commissions or service charges,” said James C. Mastandrea, Whitestone's Chairman and Chief Executive Officer.