On May 7, 2024, Whitestone REIT announced that it has issued a letter to shareholders, stating that it has detailed the challenging and decisive actions took as change agents to terminate the former CEO James Mastandrea for cause, revitalize corporate governance, and oversee the successful ongoing value creation plan under the new management team executing on Company?s reset strategy. In addition, the Company stated that it has nominated 6 candidates to the Company board and urged the shareholders to vote for its nominees at the 2024 annual meeting of shareholders. Further, the Company stated that it has been undergoing a profound series of transformations since 2022, including at the Board and management level, under its new leadership of the Board and CEO David Holeman, Company?s Board and management team put in place its reset strategy, which is producing results as demonstrated by the Company?s outperformance since Company oversaw a challenging leadership transition.