News Archive

News Archive

04/01/2019

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.

Whitestone REIT is a $1.2 billion enterprise value shopping center REIT with interests in 68 properties located in Austin, Chicago, Dallas, Houston, Phoenix and San Antonio.