The Company will host a webcast and conference call for investors and other interested parties on Tuesday, February 28, 2012 at 5:00 p.m. (Eastern Time). The call will be hosted by James Mastandrea, President and Chief Executive Officer, and David Holeman, Chief Financial Officer.

Listen via Webcast
Interested parties can listen to the call live on the internet through the Investor Relations section of the Company’s website, www.whitestonereit.com, using the News/Events – Press Releases tab. The call is also accessible via telephone by dialing 1-(888) 378-4353 for domestic participants or 1-(719) 457-2634 for international participants. Listeners should go to the website at least 15 minutes prior to the call to download and install any necessary audio software. Those dialing in should call in at least five to ten minutes prior to the start.

The conference call will be recorded and a telephone replay will be available through March 13, 2012, by dialing 1-(877) 870-5176 for domestic participants or 1-(858) 384-5517 for international participants and entering the passcode 3483645. Additionally, a replay of the call will be available on the Company’s website until its next earnings release.

The earnings release and supplemental data package will be located in the Investor Relations section of the website on the News/Events - Press Releases tab. For those without internet access, the fourth quarter 2011 earnings release and supplemental data package will be available by mail upon request. To receive a copy, please call the Company’s Investor Relations line at (713) 435-2221.

About Whitestone REIT
Whitestone REIT 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 Centers, as it markets, leases and manages its Centers to match tenants with the shared needs of surrounding neighborhoods. Operations are structured for providing cost-effective service to local service-oriented smaller space tenants (less than 3,000 square feet). Whitestone has a diversified tenant base concentrated on service offerings such as medical, education, and casual dining. The largest of its over 900 tenants comprises less than 2% of its rental revenues. Headquartered in Houston, Texas and founded in 1998, the Company is internally managed with a portfolio of commercial centers 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.

Forward-Looking Statements
Statements included herein that state the Company's or management's intentions, hopes, beliefs, expectations or predictions of the future are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995, which by their nature, involve known and unknown risks and uncertainties. The Company's actual results, performance or achievements could differ materially from those expressed or implied by these statements. Reference is made to the Company's regulatory filings with the Securities and Exchange Commission for information or factors that may impact the Company's performance.

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Houston, Texas, January 17, 2012 –Whitestone REIT (NYSE-Amex: WSR – “Whitestone”), a real estate investment trust that acquires, owns and operates Community Centered PropertiesTM, today reported occupancy and leasing highlights for the fourth quarter, ended December 31, 2011. The physical occupancy of its Operating Portfolio1was 87% as of December 31, 2011, a one percent increase over the prior year ended December 31, 2010 and prior quarter ended September 30, 2011. The Company’s total occupancy including all centers was 84% as of the end of the current quarter, unchanged from September 30, 2011.

Whitestone’s leasing team signed 88 leases totaling 161,000 square feet in new and renewal leases during the fourth quarter, and currently has over 900 total tenants, of which 72% lease less than 3,000 square feet in multi-cultural neighborhoods.

“We continue to increase the quality of our tenant base, which is primarily comprised of entrepreneurs and small business owners that provide service to residents in the neighboring community within a five mile radius from each of our 43 Community Centers,” said James C. Mastandrea, Whitestone’s Chairman and CEO. Mastandrea added: “Our business model is specifically directed toward small tenants because we are able to achieve rental premiums, maintain flexibility and lower tenant improvement costs within our lease space, and minimize our downside risk as no single tenant can impact our revenues by more than 2%.” Mastandrea concluded, “Our small tenant business model has been very successful in our Texas/Illinois Region and we recently have successfully transitioned and expanded it to our Arizona Region. Most important to the success of our operating model are our Whitestone Associates, who comprise our internal leasing and management services teams.”

Leasing Highlights
Arizona Region:
Terravita – Scottsdale: Bedmart signed an expansion and renewal lease for 4,000 square feet; UPS signed a renewal for 1,430 square feet in this seniors-at-home focused Community Center.

Gilbert Tuscany – Gilbert: In this family-themed Community Center, Crossfit signed a new lease for 3,131 square feet.

Citadel – Scottsdale: Three new small tenant leases were signed at this boutique-themed Community Center totaling 1,839 square feet: Rebecca by Design for 470 square feet, Headquarters West for 707 square feet and Manzano Construction for 662 square feet.

Desert Canyon – Scottsdale: Four new small tenant leases totaling 2,790 square feet were signed in this Community Center targeting the surrounding young family demographic: Reese Industries for 398 square feet, Red Brick Mortgage for 298 square feet, Greg Kar for 294 square feet and Unity Chess Club for 1,800 square foot. Three renewals were signed totaling 3,580 square feet: Star Cleaners for 2,100 square feet, Mother Goose Adoption for 1,200 square feet, Richard O’Shaugnessy for 280 square feet.

Texas/Illinois Region:
Corporate Park Northwest – Houston: In this small business incubator themed Community Centre business park, six new leases were signed totaling 7,032 square feet. Tenants include Durham Publication and Axistrade.

Corporate Park West – Houston: Three new leases for a total of 14,715 square feet were signed, including Bozenna Nyk, an art and framing studio and The Luu Group, an engineering firm.

Windsor Park Centre—San Antonio: University of Phoenix signed a new expansion lease, adding 3,581 square feet adjacent to its existing Windsor Park Learning Center; SKECHERS USA signed a 10,000 square feet lease for a new outlet store, scheduled to open for business in the spring of 2012.

South Richey – Houston: Bravo Ranch Supermercado signed a lease for 42,130 square feet of space for a new Hispanic themed grocery store, which plans to open for business in spring 2012 in the space formerly occupied by Kroger, which left the Center at the end of its lease in February 2011. Whitestone REIT announced a major renovation project at South Richey to transform it into a Hispanic-themed Community Center.

Lion Square – Houston: Teletron, a Vietnamese electronics store based in Los Angeles, celebrated its Grand Opening and market entry in Houston in December with a series of events including Lion Dances, giveaways, and a free live concert. Whitestone REIT commenced the redevelopment and transformation plan for Lion Square Center that includes a new façade for the entire Center, as well as new architectural and landscaping features to enhance the internationally-themed culture within the Center.

About Whitestone REITWhitestone REIT 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 Centers, as it markets, leases and manages its Centers to match tenants with the shared needs of surrounding neighborhoods. Operations are structured for providing cost-effective service to local service-oriented smaller space tenants (less than 3,000 square feet). Whitestone has a diversified tenant base concentrated on service offerings such as medical, education, and casual dining. The largest of its over 900 tenants comprises less than 2% of its rental revenues. Headquartered in Houston, Texas and founded in 1998, the Company is internally managed with a portfolio of commercial centers 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.

1 Operating Portfolio - excludes new acquisitions, through the earlier of (1) attainment of 90% occupancy or 18 months of ownership, and (2) properties which are undergoing significant redevelopment or re-tenanting.

Forward-Looking Statements
Statements included herein that state the Company's or management's intentions, hopes, beliefs, expectations or predictions of the future are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995, which by their nature, involve known and unknown risks and uncertainties. The Company's actual results, performance or achievements could differ materially from those expressed or implied by these statements. Reference is made to the Company's regulatory filings with the Securities and Exchange Commission for information or factors that may impact the Company's performance.

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Houston, Texas, January 10, 2012 – Whitestone REIT (NYSE-AMEX: WSR – “Whitestone”), 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, provided a recap of the nine Community Centered PropertyTM acquisitions the Company completed since its August 2010 initial public offering. The acquisitions, totaling approximately $90 million, were funded from two equity raises totaling 83 million,1 assumption of $14 million of debt, and cash on hand.
High Quality Value-Add Real Estate at Discounted Prices
“We had little or no public company REIT competition for any of these ‘one-off’ transactions,” said James C. Mastandrea, Whitestone’s Chairman and Chief Executive Officer. “Our acquisition approach relies on a win-win creative solution for both the buyer and the seller. The sellers ranged from banks selling foreclosures, to borrowers with loans that were either in default or facing near-term maturity, large principal reductions and/or significant refinancing fees. Our ability to use Operating Partnership Units as currency is an advantage to solve problems for banks and borrowers with properties that are either under managed or under capitalized. Closing quickly is crucial in these types of acquisitions and it is something we do well. In closing on 90% of the properties we placed under contract, we achieved preferred-buyer status with sellers. Most of our acquisitions closed within15 days following a 25 day due diligence period. We expect to continue our growth through accretive acquisitions using additional debt with conservative leverage.”

Whitestone’s Community Centered PropertyTM acquisitions since September 2010 include:
• The Citadel (acquired for $2.2 million)
• MarketPlace at Central (acquired for $6.4 million)
• Desert Canyon (acquired for $3.6 million)
• Terravita Marketplace (acquired for $16.1 million)
• Ahwatukee Plaza (acquired for $9.3 million)
• Gilbert Tuscany Village (acquired for $5.0 million)
• The Pinnacle at Scottsdale Phase I (acquired for $29.0 million)
• The Pinnacle at Scottsdale Phase II (acquired for $950,000)
• Shops at Starwood plus Development Land (acquired for $17.6 million)

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 Centers, as it markets, leases and manages its Centers to match tenants with the shared needs of surrounding neighborhoods. Operations are structured for providing cost-effective service to local service-oriented smaller space tenants (less than 3,000 square feet). Whitestone has a diversified tenant base concentrated on service offerings including medical, education, and casual dining. The largest of its approximately 900 tenants comprises less than 2% 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 Relations section of the Company's website has links to SEC filings, news releases, financial reports and investor newsletters.

Whitestone REIT Acquisitions: Interested parties should contact Bradford Johnson, Whitestone REIT Director of Acquisitions, via email: bjohnson@whitestonereit.com or phone 713.435.2208.

Forward-Looking Statements
Statements included herein that state Whitestone’s or management's intentions, hopes, beliefs, expectations or predictions of the future are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995, which by their nature, involve known and unknown risks and uncertainties. Whitestone’s actual results, performance or achievements could differ materially from those expressed or implied by these statements. Reference is made to Whitestone’s regulatory filings with the Securities and Exchange Commission for information or factors that may impact Whitestone’s performance.
1$23 million net raised in the Company’s initial public offering (August 25, 2010); $60 million net raised through a secondary public offering (May 10, 2011)
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Houston, Texas, December 28, 2011 – Whitestone REIT (NYSE-AMEX: WSR – “Whitestone”), a fully integrated real estate company that owns, operates and re-develops Community Centered Properties^TM, which are visibly located properties in established or developing culturally diverse neighborhoods, announced today that it has closed on the purchase of the Shops at Starwood for $15.7 million in cash, as well as an adjacent 2.73 acre parcel of undeveloped land for $1.9 million in a separate transaction which was funded through the assumption of a $1.4 million non-recourse loan, secured by the land, and cash of $0.5 million. The Shops at Starwood, a 98% leased Class A Center with 55,385 square feet of gross leasable area on 1. 5 acres of land in affluentFrisco,Texas, was purchased below replacement cost. The adjacent land is zoned to accommodate additional retail and executive office space.

Future Development Potential

The prominent Phase III development site fronts the Dallas North Tollway within the Tollway Overlay District, which grants the highest allowed density of any zoning district. Frisco was the fastest-growing city in the USAin 2009¹ and ranked among the fastest growing in the nation during 2000-2010.² Neighborhoods within a half mile of the Shops at Starwood are among affluent North Dallas’ most exclusive neighborhoods, including Starwood, Chapel Creek, and Stonebriar Park. Population within a five mile trade area is projected to increase by 22% to over 242,000 by 2016.³ Whitestone currently owns two other properties in the Dallas area.

“We are pleased to announce this purchase, our first retail Community Center in the Dallas area, with the value-add potential to add another 36,000 square feet of retail and executive office space in the adjacent development site within an in-demand location. Award-winning tenants at Shops at Starwood have been recognized as being ‘Best’ in their category by D Magazine, Men’s Health, WFA Dallas City Voter, City Search and more,” said James C. Mastandrea, Whitestone’s Chairman and Chief Executive Officer. “With offerings from the ‘Best Barbershop’ to the ‘Best Neighborhood Restaurant,’ and with its specialty dining, small business merchants and upscale service tenants that serve the needs of the local community, the Shops at Starwood development fits well within our Community Centered Property business model.”

About Shops at Starwood

The Shops at Starwood is located in Frisco, Texas, a northern suburb of Dallas, at the corner of the North Dallas Tollway and Lebanon Road. A complementary tenant mix of restaurant, fashion boutiques, salons and second-level office space serves the surrounding affluent community. Notable restaurant tenants include TruFire Kitchen & Bar, Kotta Sushi Lounge, Bonnie Ruth’s Café Trottoir et Patisserie, all of whom have been recognized by D Magazine as “Best” in their respective categories. The Gent’s Place has been recognized as “America’s Best Barbershop” by Men’s Health. The Center, built in 2006 (Phase I) and 2008 (Phase II) by a local developer, features richly designed Mediterranean style architecture with pedestrian plazas, water fixtures, and ornamental landscaping.

 About Whitestone REIT

Whitestone REIT (NYSE-AMEX: WSR) is a fully integrated real estate company that owns, operates and re-develops Community Centered Properties^TM, which are visibly located properties in established or developing culturally diverse neighborhoods.  Whitestone focuses on value-creation in its Centers, as it markets, leases and manages its Centers to match tenants with the shared needs of surrounding neighborhoods.  Operations are structured for providing cost-effective service to local service-oriented smaller space tenants (less than 3,000 square feet). Whitestone has a diversified tenant base concentrated on service offerings including medical, education, and casual dining. The largest of its approximately 900 tenants comprises less than 2% 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 Relations section of the Company's website has links to SEC filings, news releases, financial reports and investor newsletters.

Whitestone REIT Acquisitions: Interested parties should contact Bradford Johnson, Whitestone REIT Director of Acquisitions, via email: bjohnson@whitestonereit.com or phone 713.435.2208.

Forward-Looking Statements

Statements included herein that state Whitestone’s or management's intentions, hopes, beliefs, expectations or predictions of the future are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995, which by their nature, involve known and unknown risks and uncertainties.  Whitestone’s actual results, performance or achievements could differ materially from those expressed or implied by these statements.  Reference is made to Whitestone’s regulatory filings with the Securities and Exchange Commission for information or factors that may impact Whitestone’s performance.

Sources:

¹ “Frisco, Other Dallas-area Cities among Fastest Growing …” Dallas Morning News June 23, 2010, Eric Aasen

²US Census Bureau 2010

³ SitesUSA

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Houston, Texas, December 28, 2011 – Whitestone REIT (NYSE-AMEX: WSR – “Whitestone”), a fully integrated real estate company that owns, operates and re-develops Community Centered Properties^TM, which are visibly located properties in established or developing culturally diverse neighborhoods, announced today that it has purchased the note and deed on a 4.45 acre expansion parcel of commercially zoned land at The Pinnacle of Scottsdale for $950,000. This complex acquisition was accomplished through the purchase of a $3.0 million note on the land parcel from the lender for $950,000 in cash, a 68% discount, and simultaneous acceptance of the deed in lieu of foreclosure from the owner of the land.  The land parcel is intended for development of approximately 55,000 square feet of new retail and executive office lease space and a fitness club, for which Whitestone intends to begin pre-leasing in the first quarter of 2012. The property includes an existing two-story parking garage and approximately 400 linear feet of frontage on Scottsdale Road adjacent to The Pinnacle of Scottsdale, a Class A Community Center that Whitestone acquired last week. 

“We are pleased to announce our eighth acquisition since September 2010. While The Pinnacle of Scottsdale is an A-quality acquisition, the adjacent land parcel, with its considerable frontage on Scottsdale Road, provides an exceptional value-add development opportunity to lease and build an additional 55,000 square feet of commercial lease space as we benefit from the assemblage of the two properties,” said James C. Mastandrea, Whitestone’s Chairman and Chief Executive Officer.

About The Pinnacle of Scottsdale 

The Pinnacle of Scottsdale is uniquely located on the northeast corner of the major intersection of Scottsdale Road at Pinnacle Peak Road, with a traffic count of over 55,000 cars per day. The State of Arizona owns the property directly west of the Community Center, and a new luxury multi-family housing development is planned to be constructed on the land just south, at Silverstone.¹ The tenant mix at The Pinnacle of Scottsdale, which is 100% leased , includes Safeway^®, Ace^® Hardware, Shell^® Oil, Hornacheck’s House of Golf, Jade Palace, Jalapeno Inferno (privately owned restaurant, recognized by Phoenix Times Magazine Best of Phoenix Awards), Subway^TM, Stag Tobacconist, Starbucks^© Coffee, Pinnacle Peak Dentistry, and a variety of other convenience service providers.

About Whitestone REIT

Whitestone REIT (NYSE-AMEX: WSR) is a fully integrated real estate company that owns, operates and re-develops Community Centered Properties^TM, which are visibly located properties in established or developing culturally diverse neighborhoods.  Whitestone focuses on value-creation in its Centers, as it markets, leases and manages its Centers to match tenants with the shared needs of surrounding neighborhoods.  Operations are structured for providing cost-effective service to local service-oriented smaller space tenants (less than 3,000 square feet). Whitestone has a diversified tenant base concentrated on service offerings including medical, education, and casual dining. The largest of its   approximately  900 tenants comprises less than 2% 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 Relations section of the Company's website has links to Whitestone’s filings with the Securities and Exchange Commission, news releases, financial reports and investor newsletters.

Whitestone REIT Acquisitions: Interested parties should contact Bradford Johnson, Whitestone REIT Director of Acquisitions, via email: bjohnson@whitestonereit.com or phone 713.435.2208

Forward-Looking Statements

Statements included herein that state Whitestone’s or management's intentions, hopes, beliefs, expectations or predictions of the future are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995, which by their nature, involve known and unknown risks and uncertainties.  Whitestone’s actual results, performance or achievements could differ materially from those expressed or implied by these statements.  Reference is made to Whitestone’s regulatory filings with the Securities and Exchange Commission for information or factors that may impact Whitestone’s performance.

¹ Sources: “Project May Ease N. Scottsdale Rental Void,” azcentral.com, July 28, 2011; “Old Rawhide Site in Scottsdale Might Become New Apartments,” mortgageandrealestatenews.blogspot.com, The Arizona Republic Peter Corbett July 22, 2011;

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since September 2010

Houston, Texas, December 22, 2011 – Whitestone REIT (NYSE-AMEX: WSR – “Whitestone”), a fully integrated real estate company that owns, operates and re-develops Community Centered Properties^TM, which are visibly located properties in established or developing culturally diverse neighborhoods, announced today that it has closed on the purchase of Phase I of Pinnacle of Scottsdale, a 113,108 square foot 100% leased Class A Community Center in North Scottsdale, for $29 million. Phase I is adjacent to 4.45 acres of developed land with approximately 400 linear feet of frontage on Scottsdale Road and the potential for additional retail development.

Whitestone now owns Community Centers at the significant “four corners”  of the North Scottsdale trade area, including Terravita (north west), Pima Norte (north east), The Citadel (south east), and Pinnacle of Scottsdale (south west), in addition to Desert Canyon, also in North Scottsdale in the McDowell Mountain area. All purchases were originated on an off-market basis, priced at a discount to replacement cost, and have a “value-add” component. Each of these Community Centers are located at high traffic intersections in stabilized neighborhoods, and provide essential services to support local communities including Terravita, McDowell Mountain Ranch, Grayhawk, DC Ranch, Silverleaf, Estancia, Desert Highlands, and Troon North Villages.

“We are pleased to announce our seventh acquisition since September 2010, bringing our total to eight properties in the greater Phoenixmarket. We believe that the North Scottsdale market, which is showing signs of recovery from the recession, is a great hedge against inflation, particularly the purchases we have made at significantly discounted prices for properties with in-place cash flow. Our research and analysis of the respective five mile radius’ of each property supports our Community Centered Property^TM business model and indicates opportunities for us to position tenants at multiple locations in the trade area,” said James C. Mastandrea, Whitestone’s Chairman and Chief Executive Officer. “Whitestone continues to seek Community Center acquisition opportunities in the Phoenix metro area and also is working with sellers who may benefit from a tax efficient transaction in which operating partnership units are exchanged.”

About The Pinnacle of Scottsdale 

The Pinnacle of Scottsdale is uniquely located on the northeast corner of the major intersection of Scottsdale Road at Pinnacle Peak Road, with a traffic count of over 55,000 cars per day. The State of Arizona owns the property directly west of the Community Center, and a new luxury multi-family housing development is planned to be constructed on the land just south, at Silverstone.¹ The tenant mix at The Pinnacle of Scottsdale, which is 100% leased , includes Safeway^®, Ace^® Hardware, Shell^® Oil, Hornacheck’s House of Golf, Jade Palace, Jalapeno Inferno (privately owned restaurant, recognized by Phoenix Times Magazine Best of Phoenix Awards), Subway^TM, Stag Tobacconist, Starbucks^© Coffee, Pinnacle Peak Dentistry, and a variety of other convenience service providers.

 About Whitestone REIT

Whitestone REIT (NYSE-AMEX: WSR) is a fully integrated real estate company that owns, operates and re-develops Community Centered Properties^TM, which are visibly located properties in established or developing culturally diverse neighborhoods.  Whitestone focuses on value-creation in its Centers, as it markets, leases and manages its Centers to match tenants with the shared needs of surrounding neighborhoods.  Operations are structured for providing cost-effective service to local service-oriented smaller space tenants (less than 3,000 square feet). Whitestone has a diversified tenant base concentrated on service offerings including medical, education, and casual dining. The largest of its   approximately  900 tenants comprises less than 2% 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 Relations section of the Company's website has links to Whitestone’s filings with the Securities and Exchange Commission, news releases, financial reports and investor newsletters.

Whitestone REIT Acquisitions: Interested parties should contact Bradford Johnson, Whitestone REIT Director of Acquisitions, via email: bjohnson@whitestonereit.com or phone 713.435.2208

Forward-Looking Statements

Statements included herein that state Whitestone’s or management's intentions, hopes, beliefs, expectations or predictions of the future are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995, which by their nature, involve known and unknown risks and uncertainties.  Whitestone’s actual results, performance or achievements could differ materially from those expressed or implied by these statements.  Reference is made to Whitestone’s regulatory filings with the Securities and Exchange Commission for information or factors that may impact Whitestone’s performance.

¹ Sources: “Project May Ease N. Scottsdale Rental Void,” azcentral.com, July 28, 2011; “Old Rawhide Site in Scottsdale Might Become New Apartments,” mortgageandrealestatenews.blogspot.com, The Arizona Republic Peter Corbett July 22, 2011;

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Whitestone declares quarterly distributions to holders of its common shares and OP units, which are payable monthly in three installments of $0.095 per Class A and Class B common share and OP unit. The record and payment dates for the first quarter 2012 period are shown in the following table:

About Whitestone REIT

Whitestone REIT is a fully integrated real estate company that owns, operates and re-develops Community Centered Properties^TM, which are visibly located properties in established or developing culturally diverse neighborhoods.  Whitestone focuses on value-creation in its Centers, as it markets, leases and manages its Centers to match tenants with the shared needs of surrounding neighborhoods.  Operations are structured for providing cost-effective service to local service-oriented smaller space tenants (less than 3,000 square feet). Whitestone has a diversified tenant base concentrated on service offerings such as medical, education, and casual dining. The largest of its over 800 tenants comprises less than 2% 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.

Forward-Looking Statements

Statements included herein that state the Company's or management's intentions, hopes, beliefs, expectations or predictions of the future are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995, which by their nature, involve known and unknown risks and uncertainties.  The Company's actual results, performance or achievements could differ materially from those expressed or implied by these statements.  Reference is made to the Company's regulatory filings with the Securities and Exchange Commission for information or factors that may impact the Company's performance.

###

Houston, Texas, October 31, 2011 – Whitestone REIT (NYSE-Amex: WSR – “Whitestone”), a real estate investment trust that acquires, owns and operates Community Centered PropertiesTM, today announced that SKECHERS USA has leased 10,000 square feet of space for a new outlet store at its Windsor Park Centre location in the City of Windcrest, near San Antonio, and plans to open for business in the spring of 2012.

“The addition of SKECHERS as a shopping destination, and recently announced new tenants Ross Dress for Less® (coming in 2012) and Mattress FIRM® (on a new pad site to be developed by the summer of 2012), with the existing national tenants, including The University of Phoenix®, Michaels®, Cavender’s Boot City, Office Depot® and PetSmart®, will bring the occupancy to 97% leased in this busy Community Centered PropertyTM – a gateway to the City of Windcrest ,” said James C. Mastandrea, Whitestone’s Chairman and Chief Executive Officer.

Dan Nixon, Senior Vice President and Regional Director, and Richard Vaughan, Vice President of Leasing and Development, both of Whitestone REIT, represented Whitestone REIT as landlord, while Leslie Mayer of Cushman and Wakefield, Los Angeles, and Gene Williams of The Weitzman Group, San Antonio, represented SKECHERS USA.

About Windsor Park Centre
Windsor Park Centre, owned and managed by Whitestone REIT, currently consists of approximately 200,000 square feet of gross leasable area and fronts northbound Interstate 35 at Walzem Road in the City of Windcrest. The site is easily accessed with newly constructed exit/entrance ramps directly in front of the property servicing northbound Interstate 35.

About SKECHERS USA, Inc.
SKECHERS USA, Inc. (NYSE:SKX, “SKECHERS”), an award-winning global leader in the lifestyle and athletic footwear industry headquartered in Manhattan Beach, California, is a billion-dollar-plus company that designs, develops and markets lifestyle footwear that appeals to trend-savvy men, women and children. With more than 3,000 styles, SKECHERS meets the needs of male and female consumers across every age and demographic. Internationally, SKECHERS sells its products to department and specialty stores via subsidiaries in Canada, the United Kingdom, Ireland, France, Spain, Portugal, Italy, Switzerland, Austria, the Benelux region, Japan, Brazil and Chile, as well as a joint venture with China, Hong Kong, Malaysia, Singapore, and Thailand. For additional information, please visit www.skechers.com.

About Whitestone REIT
Whitestone REIT 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 Centers, as it markets, leases and manages its Centers to match tenants with the shared needs of surrounding neighborhoods. Operations are structured for providing cost-effective service to local service-oriented smaller space tenants (less than 3,000 square feet). Whitestone has a diversified tenant base concentrated on service offerings such as medical, education, and casual dining. The largest of its over 800 tenants comprises less than 2% 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.

Forward-Looking StatementsStatements included herein that state the Company's or management's intentions, hopes, beliefs, expectations or predictions of the future are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995, which by their nature, involve known and unknown risks and uncertainties. The Company's actual results, performance or achievements could differ materially from those expressed or implied by these statements. Reference is made to the Company's regulatory filings with the Securities and Exchange Commission for information or factors that may impact the Company's performance.

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Houston, Texas, October 24, 2011 – Whitestone REIT (NYSE-Amex: WSR – “Whitestone”), a real estate investment trust that acquires, owns and operates Community Centered PropertiesTM, announced a major renovation project at South Richey, a Community Center located in Houston’s Pasadena suburb. The announcement was made as Super Bravo, Inc., d/b/a/Bravo Ranch Supermercado, signed a lease for 42,130 square feet of space for a new Hispanic themed grocery store, with plans to open for business in April 2012 in the space formerly occupied by Kroger, which left the Center in February 2011.

“We are excited to welcome Bravo Ranch Supermercado at South Richey as we initiate a transformation project to create another Hispanic-themed Community Center within our Houston portfolio. Value-add plans include developing an additional 4,500 square foot pad site along with a complete exterior façade, redeveloping and fashioning the tenant mix to emphasize the ethnicity of the local market. Our new tenant formed and operated a chain of Hispanic grocery stores called Mi Rancho and sold them to La Michoacana. His company plans to grow Bravo Ranch Supermercado into a similar size operation,” said James C. Mastandrea, Whitestone’s Chairman and Chief Executive Officer. “Hispanics comprise 78.2 percent of the total population within a three mile radius of this high-visibility Center, which is located in a densely populated residential area on a busy corner where over 20,000 cars pass each day.”

Whitestone has eight Hispanic-themed Community Centers in Houston and surrounding Harris County, where the 2010 US census shows the Hispanic population increased from about 33 percent to 40 percent of the area’s total population since 2000. Further, Texas had the largest population growth in the nation from 2000, at almost 4.5 million people.1

Rafael Melara, Senior Leasing Agent, of Whitestone REIT, represented Whitestone REIT as landlord, while Earl Harris of Weitzman Commercial represented Bravo Ranch Supermercado.

About South Richey Center
South Richey Center, owned, managed and leased by Whitestone REIT, is located at the northeast corner of South Richey at Queens in Pasadena. The Center currently consists of 69,928 square feet of gross leasable area with 10 retailers, including Little Caesars and a ground lease to Burger King. The principal architect for the redevelopment is Marc Boucher of Hermes Architects.

About Bravo Ranch Supermercado
Bravo Ranch Supermercado is a family company focused on selling food and non-food products. The Company’s mission is to provide a large selection of healthy and high quality products and services at the lowest price possible to help with family economy, in a family-friendly atmosphere that makes trips to the Bravo Ranch Supermercado a pleasurable and fun experience. Locations include Dallas, Oklahoma City, and our newest location in the Pasadena suburb of Houston.

About Whitestone REIT
Whitestone REIT 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 Centers, as it markets, leases and manages its Centers to match tenants with the shared needs of surrounding neighborhoods. Operations are structured for providing cost-effective service to local service-oriented smaller space tenants (less than 3,000 square feet). Whitestone has a diversified tenant base concentrated on service offerings such as medical, education, and casual dining. The largest of its over 800 tenants comprises less than 2% of its rental revenues. Headquartered in Houston, Texas and founded in 1998, the Company is internally managed with a portfolio of commercial centers 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.

Forward-Looking Statements
Statements included herein that state the Company's or management's intentions, hopes, beliefs, expectations or predictions of the future are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995, which by their nature, involve known and unknown risks and uncertainties. The Company's actual results, performance or achievements could differ materially from those expressed or implied by these statements. Reference is made to the Company's regulatory filings with the Securities and Exchange Commission for information or factors that may impact the Company's performance.

1Source: Dallas Morning News Jan 29, 2011 “Hispanic Surge, Metro Area Growth Could Reshape Texas’ Political Future”

http://www.dallasnews.com/news/state/headlines/20110129-hispanic-surge-metro-area-growth-could-reshape-texas-political-future.ece

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