Whitestone REIT

Whitestone Reit has filed a S-11 with the SEC. This is the initial step in modifying their REIT from a non-publically traded REIT to a exchange traded security. The filing does not indicated the pricing and other details. I am sure in the near future you will see more details to their plan.

You may see low ball tenders in the $2.50 to $2.90 range. I my opinion, the offers should exceed $3.00. I don't know who is buying at this time but I expect the same companies mentioned in earlier blogs would make an offer. Those companies that bid the highest on one REIT (such as Piedmont) will usually bid high on the others. Therefore, be sure to check http://piedmontofficerealtytender.com/ as well as others.

I strongly suggest you be careful when you receive tenders for these REITS. Feel free to e-mail me at Privatereits@gmial.com is you have any questions.