MCB Offers $700M To Acquire Whitestone REIT and its more than 50 shopping centers throughout the Southwest

6/4/2024

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Bisnow

• Subcategory: Retail: Shopping

• Tag: M&A

• Company: Whitestone REIT (NYSE: WSR), MCB Real Estate

Real estate investment firm MCB is offering an all-cash deal that values the real estate investment trust sale at $14 per share, a 7.2% premium to Monday's closing price of $13.06, MarketWatch reported. MCB owns a more than 9% stake in Whitestone, the filing shows.