HOUSTON, June 5, 2007 (PRIME NEWSWIRE) -- Whitestone REIT announced today that the board of trustees voted to name James Mastandrea as chief executive officer, dropping the interim chief executive officer title he received when he joined the company last October. His title is now Chairman and Chief Executive Officer.
In the resolution enacted to authorize Mastandrea's new title, the board acknowledged his accomplishments during his tenure of internalizing the management and leading the company since last October.
Chairman and Chief Executive Officer James C. Mastandrea said, "I am enthusiastic about the opportunity to lead our management team in the continued expansion of Whitestone REIT's property portfolio and the enhancement of shareholder value that will come from extending the REIT's footprint into new cities and regions and achieving listing on a national exchange. I am confident that Whitestone REIT has a bright future."
ABOUT WHITESTONE REIT
Whitestone REIT owns and operates retail, office and office warehouse properties, 33 of which are in the Houston area, two office buildings in Dallas, and a retail plaza in San Antonio. For more information go to http://www.whitestonereit.com.
Forward-Looking Statement:
This report includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, product development acceptance, and the impact of competitive services and pricing and general economic risks and uncertainties.