Whitestone REIT Shareholders Approve $1.7B Sale to Ares

By Bobby Samwell • Friday, July 10 10:50 • Permanent Link

Whitestone REIT shareholders approved the company’s all-cash sale to Ares on July 9, clearing a major hurdle for the transaction.

The deal values Whitestone at about $1.7 billion, with Ares agreeing to pay $19.00 for each Whitestone common share and each operating partnership unit. Whitestone said the acquisition is expected to close on or about July 14, 2026, assuming the remaining customary closing conditions are satisfied or waived.

The company said it will later file the final vote tally from the special meeting in a Form 8-K with the SEC. Following these announcements, the company's shares moved 0.05%, and are now trading at a price of $18.98. Check out the company's full 8-K submission here.

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