HOUSTON, Dec. 6, 2010 (GLOBE NEWSWIRE) -- Whitestone REITTM, (NYSE-Amex:WSR) ("Whitestone"), a fully integrated real estate company that owns, operates and re-develops Community Centered PropertiesTM, which are visibly located in established or developing culturally diverse neighborhoods, announced the appointment of Bradford D. Johnson as Director of Acquisitions and Dispositions. Mr. Johnson has over 25 years of commercial real estate experience and has previously held executive and management positions with other REITs and real estate development companies. Most recently, he served as Vice President of Acquisitions and Development with Campus Living Villages Funds Management REIT in Houston. His background includes extensive experience in real estate financial analysis related to acquisitions, redevelopment and dispositions.
"We are delighted to welcome Bradford to our Company," said James C. Mastandrea, Chairman and Chief Executive Officer. "Bradford has a proven track record in our industry and extensive real estate and executive level experience that we feel will be valuable in helping Whitestone achieve our goals, including growing our portfolio asset base, to over $1 billion in the next five years."
Mr. Johnson is a graduate of Baylor University, where he earned his B.A. in Business Administration,
About Whitestone REIT
Whitestone REIT (NYSE-Amex:WSR) is a fully integrated real estate company that owns, operates and re-develops Community Centered PropertiesTM, which are visibly located properties in established or developing culturally diverse neighborhoods. Whitestone focuses on value-creation in its properties, as it markets, leases and manages its properties to match tenants with the shared needs of surrounding neighborhoods. Operations are structured for providing cost-effective service to locally-oriented smaller space tenants (<3,000 sq. ft.). Whitestone has a diversified tenant base concentrated on service offerings such as medical, education, and casual dining. The largest of its 770 tenants comprises less than 2.5% of its rental revenues. Headquartered in Houston, Texas and founded in 1998, the Company is internally managed with a portfolio of commercial properties in Texas, Arizona, and Illinois. For additional information about the Company, please visit www.whitestonereit.com. The Investor Section of the Company's website has links to SEC filings, news releases, financial reports and investor newsletters.
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