<p><em>重申致力于采取一切措施最大化股东价值，包括投票反对所有现任 Whitestone 董事会成员</em></p>
<p>, /PRNewswire/ -- MCB 房地产（&#34;MCB&#34;），一家领先的商业房地产开发和投资管理公司，拥有多样化的全国性投资组合和约 40 亿美元的资产管理规模（AUM），今天向 Whitestone REIT（纽约证券交易所代码：WSR）（&#34;Whitestone&#34;或&#34;公司&#34;）的董事会发送了一封信，关于 MCB 之前宣布的以每股 15.20 美元现金收购 Whitestone REIT 所有流通股的提议，该提议不附带融资条件。</p>
<p><img src="https://imageproxy.pbkrs.com/https://mma.prnewswire.com/media/2526477/MCB_RE_Logo.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://mma.prnewswire.com/media/2526477/MCB_RE_Logo.jpg"/></p>
<p>信件的全文如下：</p>
<p>2025 年 1 月 7 日</p>
<p>董事会</p>
<p>C/O David K. Holeman</p>
<p>Whitestone REIT</p>
<p>2600 S. Gessner Rd, Suite 500</p>
<p>休斯顿， TX 77063</p>
<p>亲爱的 Whitestone REIT 董事会：</p>
<p>自我们于 2025 年 11 月 3 日提交了一份具有说服力的、完全融资的提案，以吸收 Whitestone REIT，溢价 21.0% 于公司未受影响的股价以来，MCB 房地产尚未收到 Whitestone 董事会、管理团队或顾问的任何回复。作为一名拥有约 9.2% 流通股的主要股东，MCB 要求 Whitestone 董事会履行其职责，回应两个月前提交的收购提案，以维护所有股东的最佳利益。</p>
<p>我们随时准备以每股 15.20 美元完成对 Whitestone 的收购，并愿意考虑提高我们的提案价格，如果 Whitestone 能够提供尽职调查并证明更高的价值是合理的。MCB 致力于采取一切必要行动，以最大化 Whitestone 股东的价值。</p>
<p>自董事会拒绝 MCB 之前的收购提案以来，已经过去一年多，但 Whitestone 在缩小公司显著价值差距或解决其相对于同行的重大业绩不佳方面没有取得实质性进展。我们坚信，出售公司是最大化价值的最佳和唯一途径，现任董事会成员必须立即采取行动，否则将被罢免。因此，我们仍然致力于在下次股东年度会议上投票反对所有现任 Whitestone 董事。</p>
<p>我们知道许多 Whitestone 的股东与我们对董事会和管理团队的不作为感到沮丧，这在最近的公共事件和报道中得到了体现。我们要求 Whitestone 董事会的每一位成员履行对所有股东的信托责任，授权与 MCB 进行接触或进入公开的战略选择流程。</p>
<p>此致，</p>
<p>/s/ P. David Bramble</p>
<p>P. David Bramble, 管理合伙人</p>
<p>‍ <strong>顾问</strong> MCB 已聘请 Vinson &amp; Elkins LLP 作为首席法律顾问，Wells Fargo 担任 MCB 的财务顾问。Joele Frank, Wilkinson Brimmer Katcher 担任 MCB 的战略传播顾问。</p>
<p><strong>关于 MCB 房地产</strong> MCB 房地产成立于 2007 年，是一家以社区为中心的、私营的全国性商业房地产投资管理和开发公司，总部位于马里兰州巴尔的摩。MCB 拥有一个全国性投资组合，资产管理规模达到 40 亿美元，总面积约 2000 万平方英尺，开发管道约 600 万平方英尺。物业类型包括工业、零售、混合用途、多户住宅、办公和医疗保健。该公司提供无缝集成的商业房地产投资服务，包括收购、开发、施工、资产管理、物业管理、租赁、营销、融资和法律专业知识，从而确保在资产生命周期的每个阶段提供全面支持。<strong>www.mcbrealestate.com</strong>。</p>
<p><strong>附加信息</strong> 本次沟通不构成购买要约或出售任何证券的邀请。本次沟通涉及 MCB 提出的收购公司所有流通股的提议。为了推进该提议，并根据未来的发展，MCB（如果达成谈判交易，则公司）可能会向美国证券交易委员会（&#34;SEC&#34;）提交一份或多份代理声明、要约收购或其他文件。本次沟通不能替代 MCB 或公司可能向 SEC 提交的任何代理声明、招股说明书、要约收购文件或其他文件，涉及拟议交易。</p>
<p>本次沟通既不是代理的邀请，也不是任何代理声明或其他可能向 SEC 提交的文件的替代品。尽管如此，MCB 及其高管和其他管理成员及员工可能被视为参与拟议交易的代理邀请。有关这些潜在参与者利益的更多信息将包含在一份或多份代理声明、要约收购文件或其他文件中，如果和当它们可用时。公司投资者和证券持有人被敦促在这些文件可用时仔细阅读这些文件，因为它们将包含有关拟议交易的重要信息。这些文件（如果和当可用）可以从 SEC 网站免费获取，网址为 <strong>http://www.sec.gov</strong>。</p>
<p>‍ <strong>媒体联系人</strong></p>
<p><strong>‍</strong> Andrew Siegel / Lyle Weston</p>
<p>Joele Frank, Wilkinson Brimmer Katcher</p>
<p>212-355-4449</p>
<p>来源 MCB 房地产</p>

<p>MCB 房地产公司已向 Whitestone REIT 董事会发送了一封信，提出以每股 15.20 美元的现金收购所有流通股份，溢价 21%。MCB 持有 9.2% 的股份，敦促董事会回应并采取行动以维护股东的最佳利益，威胁如果不采取行动将投票反对现任董事。MCB 强调需要出售以最大化股东价值，指出对董事会表现的不满以及在解决公司价值差距方面缺乏进展</p>

<p><em>Reaffirms Commitment to Pursuing All Measures to Maximize Value for Shareholders, Including by Voting Against All Incumbent Whitestone Board Members</em></p>
<div class="lb-trans"><p><em>重申致力于采取一切措施最大化股东价值，包括投票反对所有现任 Whitestone 董事会成员</em></p>
</div><p>, /PRNewswire/ -- MCB Real Estate (&#34;MCB&#34;), 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) (&#34;Whitestone&#34; or the &#34;Company&#34;) regarding MCB's previously announced proposal to acquire all of the outstanding shares of Whitestone REIT for $15.20 per share in cash, with no financing contingency.</p>
<div class="lb-trans"><p>, /PRNewswire/ -- MCB 房地产（&#34;MCB&#34;），一家领先的商业房地产开发和投资管理公司，拥有多样化的全国性投资组合和约 40 亿美元的资产管理规模（AUM），今天向 Whitestone REIT（纽约证券交易所代码：WSR）（&#34;Whitestone&#34;或&#34;公司&#34;）的董事会发送了一封信，关于 MCB 之前宣布的以每股 15.20 美元现金收购 Whitestone REIT 所有流通股的提议，该提议不附带融资条件。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://mma.prnewswire.com/media/2526477/MCB_RE_Logo.jpg" alt="" original-src="https://mma.prnewswire.com/media/2526477/MCB_RE_Logo.jpg"/></p>
<p>The full text of the letter is as follows:</p>
<div class="lb-trans"><p>信件的全文如下：</p>
</div><p>January 7, 2025</p>
<div class="lb-trans"><p>2025 年 1 月 7 日</p>
</div><p>Board of Trustees</p>
<div class="lb-trans"><p>董事会</p>
</div><p>C/O David K. Holeman</p>
<div class="lb-trans"><p>C/O David K. Holeman</p>
</div><p>Whitestone REIT</p>
<div class="lb-trans"><p>Whitestone REIT</p>
</div><p>2600 S. Gessner Rd, Suite 500</p>
<div class="lb-trans"><p>2600 S. Gessner Rd, Suite 500</p>
</div><p>Houston, TX 77063</p>
<div class="lb-trans"><p>休斯顿， TX 77063</p>
</div><p>Dear Whitestone REIT Board of Trustees:</p>
<div class="lb-trans"><p>亲爱的 Whitestone REIT 董事会：</p>
</div><p>MCB Real Estate has yet to receive a response from the Whitestone Board, management team or advisors since we submitted a compelling, fully-financed proposal to acquire Whitestone REIT at an attractive 21.0% premium to the Company's unaffected share price on November 3, 2025. As a significant shareholder owning approximately 9.2% of outstanding shares, MCB is asking the Whitestone Board to do its job and advance the best interests of all shareholders by responding to the acquisition proposal submitted more than two months ago.</p>
<div class="lb-trans"><p>自我们于 2025 年 11 月 3 日提交了一份具有说服力的、完全融资的提案，以吸收 Whitestone REIT，溢价 21.0% 于公司未受影响的股价以来，MCB 房地产尚未收到 Whitestone 董事会、管理团队或顾问的任何回复。作为一名拥有约 9.2% 流通股的主要股东，MCB 要求 Whitestone 董事会履行其职责，回应两个月前提交的收购提案，以维护所有股东的最佳利益。</p>
</div><p>We stand ready to consummate the proposed acquisition of Whitestone for $15.20 per share – and are willing to consider increasing our proposal price if Whitestone would grant due diligence and demonstrate that more value is warranted. MCB is committed to taking all actions necessary to maximize value for Whitestone shareholders.</p>
<div class="lb-trans"><p>我们随时准备以每股 15.20 美元完成对 Whitestone 的收购，并愿意考虑提高我们的提案价格，如果 Whitestone 能够提供尽职调查并证明更高的价值是合理的。MCB 致力于采取一切必要行动，以最大化 Whitestone 股东的价值。</p>
</div><p>More than a year has passed since the Board rejected MCB's previous acquisition proposal, but Whitestone has not made meaningful progress towards closing the Company's significant value gap or addressing its material underperformance relative to peers. We remain resolute that a sale of the Company is the best and only way to maximize value, and that the incumbent board members must take action now or be removed. Accordingly, we remain committed to voting against all incumbent Whitestone directors at the next Annual Meeting of Shareholders.</p>
<div class="lb-trans"><p>自董事会拒绝 MCB 之前的收购提案以来，已经过去一年多，但 Whitestone 在缩小公司显著价值差距或解决其相对于同行的重大业绩不佳方面没有取得实质性进展。我们坚信，出售公司是最大化价值的最佳和唯一途径，现任董事会成员必须立即采取行动，否则将被罢免。因此，我们仍然致力于在下次股东年度会议上投票反对所有现任 Whitestone 董事。</p>
</div><p>We know many of our fellow Whitestone shareholders share our frustration with the Board and management team's inaction, evidenced by recent public events and reporting. We ask each member of the Whitestone Board to uphold their fiduciary duty to all shareholders by authorizing engagement with MCB or entering into a public strategic alternatives process.</p>
<div class="lb-trans"><p>我们知道许多 Whitestone 的股东与我们对董事会和管理团队的不作为感到沮丧，这在最近的公共事件和报道中得到了体现。我们要求 Whitestone 董事会的每一位成员履行对所有股东的信托责任，授权与 MCB 进行接触或进入公开的战略选择流程。</p>
</div><p>Sincerely,</p>
<div class="lb-trans"><p>此致，</p>
</div><p>/s/ P. David Bramble</p>
<div class="lb-trans"><p>/s/ P. David Bramble</p>
</div><p>P. David Bramble, Managing Partner</p>
<div class="lb-trans"><p>P. David Bramble, 管理合伙人</p>
</div><p>‍ <strong>Advisors</strong> MCB has engaged Vinson &amp; Elkins LLP as lead counsel and Wells Fargo is serving as financial advisor to MCB. Joele Frank, Wilkinson Brimmer Katcher is serving as strategic communications advisor to MCB.</p>
<div class="lb-trans"><p>‍ <strong>顾问</strong> MCB 已聘请 Vinson &amp; Elkins LLP 作为首席法律顾问，Wells Fargo 担任 MCB 的财务顾问。Joele Frank, Wilkinson Brimmer Katcher 担任 MCB 的战略传播顾问。</p>
</div><p><strong>About MCB Real Estate</strong> Founded in 2007, MCB Real Estate is a community-centric, privately held national commercial real estate investment management and development firm headquartered in Baltimore, Maryland. MCB boasts a nationwide portfolio of $4 billion in assets under management totaling approximately 20 million square feet with approximately 6 million square feet in its development pipeline. Property types include industrial, retail, mixed-use, multi-family, office, and healthcare. The firm offers a seamlessly integrated suite of commercial real estate investment services, including acquisitions, development, construction, asset management, property management, leasing, marketing, financing and legal expertise, thus ensuring comprehensive support throughout every stage of an asset's lifecycle. <strong>www.mcbrealestate.com</strong>.</p>
<div class="lb-trans"><p><strong>关于 MCB 房地产</strong> MCB 房地产成立于 2007 年，是一家以社区为中心的、私营的全国性商业房地产投资管理和开发公司，总部位于马里兰州巴尔的摩。MCB 拥有一个全国性投资组合，资产管理规模达到 40 亿美元，总面积约 2000 万平方英尺，开发管道约 600 万平方英尺。物业类型包括工业、零售、混合用途、多户住宅、办公和医疗保健。该公司提供无缝集成的商业房地产投资服务，包括收购、开发、施工、资产管理、物业管理、租赁、营销、融资和法律专业知识，从而确保在资产生命周期的每个阶段提供全面支持。<strong>www.mcbrealestate.com</strong>。</p>
</div><p><strong>Additional Information</strong> This communication does not constitute an offer to buy or solicitation of an offer to sell any securities. This communication relates to a proposal which MCB has made to acquire all of the outstanding shares of the Company. In furtherance of this proposal and subject to future developments, MCB (and, if a negotiated transaction is agreed, the Company) may file one or more proxy statements, tender offer or other documents with the U.S. Securities and Exchange Commission (&#34;SEC&#34;). This communication is not a substitute for any proxy statement, prospectus, tender offer document or other document MCB or the Company may file with the SEC in connection with the proposed transaction.</p>
<div class="lb-trans"><p><strong>附加信息</strong> 本次沟通不构成购买要约或出售任何证券的邀请。本次沟通涉及 MCB 提出的收购公司所有流通股的提议。为了推进该提议，并根据未来的发展，MCB（如果达成谈判交易，则公司）可能会向美国证券交易委员会（&#34;SEC&#34;）提交一份或多份代理声明、要约收购或其他文件。本次沟通不能替代 MCB 或公司可能向 SEC 提交的任何代理声明、招股说明书、要约收购文件或其他文件，涉及拟议交易。</p>
</div><p>This communication is neither a solicitation of a proxy nor a substitute for any proxy statement or other filings that may be made with the SEC. Nonetheless, MCB and its executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Additional information regarding the interests of such potential participants will be included in one or more proxy statements, tender offer documents or other documents filed with the SEC if and when they become available. INVESTORS AND SECURITY HOLDERS OF THE COMPANY ARE URGED TO READ THESE AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. These documents (if and when available) may be obtained free of charge from the SEC's website at <strong>http://www.sec.gov</strong>.</p>
<div class="lb-trans"><p>本次沟通既不是代理的邀请，也不是任何代理声明或其他可能向 SEC 提交的文件的替代品。尽管如此，MCB 及其高管和其他管理成员及员工可能被视为参与拟议交易的代理邀请。有关这些潜在参与者利益的更多信息将包含在一份或多份代理声明、要约收购文件或其他文件中，如果和当它们可用时。公司投资者和证券持有人被敦促在这些文件可用时仔细阅读这些文件，因为它们将包含有关拟议交易的重要信息。这些文件（如果和当可用）可以从 SEC 网站免费获取，网址为 <strong>http://www.sec.gov</strong>。</p>
</div><p>‍ <strong>Media Contacts</strong></p>
<div class="lb-trans"><p>‍ <strong>媒体联系人</strong></p>
</div><p><strong>‍</strong> Andrew Siegel / Lyle Weston</p>
<div class="lb-trans"><p><strong>‍</strong> Andrew Siegel / Lyle Weston</p>
</div><p>Joele Frank, Wilkinson Brimmer Katcher</p>
<div class="lb-trans"><p>Joele Frank, Wilkinson Brimmer Katcher</p>
</div><p>212-355-4449</p>
<div class="lb-trans"><p>212-355-4449</p>
</div><p>SOURCE MCB Real Estate</p>
<div class="lb-trans"><p>来源 MCB 房地产</p>
</div>

MCB 房地产要求 Whitestone REIT 董事会对具有吸引力的全现金收购提案作出回应 | WSR 股票新闻