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MCB Real Estate Requests Response From Whitestone REIT Board of Trustees Regarding Compelling, All-Cash Acquisition Proposal

On Jan. 7, 2026, MCB Real Estate sent a letter to the Whitestone Board of Trustees renewing its $15.20 per share all-cash proposal to acquire all outstanding Whitestone REIT shares with no financing contingency.
MCB argued the Board's prior rejection and inaction left a significant value gap, urging the Whitestone Board of Trustees to authorize engagement or launch a public strategic alternatives process.
MCB, as a roughly 9.2% shareholder, said it submitted its $15.20 acquisition proposal more than two months ago and may file documents with the U.S. Securities and Exchange Commission, with Vinson & Elkins LLP, Wells Fargo, and Joele Frank advising.
MCB said it will pursue measures including voting against incumbents and confirmed Vinson & Elkins LLP, Wells Fargo, and Joele Frank, Wilkinson Brimmer Katcher serve as advisors.
After a Nov. 3, 2025 submission, MCB notes it has not received a response and the timeline positions the dispute toward possible proxy or tender process filings with the U.S. Securities and Exchange Commission.

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The Berkshire Eagle

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MCB Real Estate Requests Response from Whitestone REIT Board of Trustees Regarding Compelling, All-Cash Acquisition Proposal

Reaffirms Commitment to Pursuing All Measures to Maximize Value for Shareholders, Including by Voting Against All Incumbent Whitestone Board Members

2 days ago

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Benzinga

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MCB Real Estate Requests Response from Whitestone REIT Board of Trustees Regarding Compelling, All-Cash Acquisition Proposal - Whitestone REIT (NYSE:WSR)

Reaffirms Commitment to Pursuing All Measures to Maximize Value for Shareholders, Including by Voting Against All Incumbent Whitestone Board Members BALTIMORE, Jan. 7, 2026 /PRNewswire/ -- MCB Real Estate ("MCB"), a leading commercial real estate developer and investment management firm with a diverse nationwide portfolio and approximately $4 billion in AUM, today sent a letter to the Board of Trustees of Whitestone REIT (NYSE:WSR) ("Whitestone"…

2 days ago·New York, United States

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