Whitestone REIT (WSR) completes $100 million senior notes placement.
Houston-based Whitestone REIT (WSR) announced today that it has completed a $100 million private placement of senior unsecured notes with Prudential Capital Group. The notes were issued through WSR's operating partnership and included:
- $50 million 5.09% Series A Senior Notes due March 22, 2029. The Series A Notes amortize in annual installments of $7.1 million beginning March 2023.
- $50 million 5.17% Series B Senior Notes due March 22, 2029. The Series B Notes amortize in annual installments of $10.0 million beginning March 2025.