On April 19, 2017, Whitestone REIT (the Company) announced that
it had, through Whitestone REIT Operating Partnership, L.P. (the
Operating Partnership), entered into an Agreement of Purchase and
Sale (the BLVD Place Purchase Agreement), dated as of March 21,
2017, with Phase II Boulevard Place, LP (Seller) to acquire a
retail center located at BLVD Place in Houston, Texas, a property
that meets the Companys Community Centered Property strategy
(BLVD Place), for a purchase price of $158.0 million in cash,
subject to customary prorations. BLVD Place contains 216,944
square feet of leasable space and is approximately 99% leased. In
addition, included in the purchase of BLVD Place is approximately
1.43 acres of developable land that will give the Company the
ability to build an estimated 136,930 square feet of additional
leasable space, based on current plans.

to the BLVD Place Purchase Agreement, the Company has made
$950,000 of earnest money deposits on the pending acquisition. On
April 21, 2017, the Company expects to make an additional $3.0
million of earnest money deposits on the pending acquisition. All
of the Companys earnest money deposits are expected to become
non-refundable at the expiration of the Contingency Period (as
defined in the BLVD Place Purchase Agreement), which is expected
to occur at 5:00 p.m. Central time on April 21, 2017. to the BLVD
Place Purchase Agreement, the closing of the acquisition of BLVD
Place will occur prior to 2:00 p.m. Central time on the date that
is 15 days following the expiration of the Contingency Period,
which is expected to be May 8, 2017, unless extended or
accelerated to the terms of the BLVD Place Purchase Agreement.
The BLVD Place Purchase Agreement contains customary closing
conditions and the parties have made certain customary
representations and warranties to each other in the BLVD Place
Purchase Agreement. In addition, the BLVD Place Purchase
Agreement limits the liability of Seller thereunder and under any
related documents to a maximum aggregate amount of $4.5 million
and limits the ability of the Company to bring a claim against
Seller for breaches thereunder and under any related documents to
a minimum aggregate amount of $75,000.

Item 7.01. Regulation FD Disclosure.

On April 19, 2017, the Company issued a press release announcing
the pending acquisitions of BLVD Place and of a retail center
located at Eldorado Plaza in McKinney Texas, a property that
meets the Companys Community Centered Property strategy, which is
furnished herewith as Exhibit 99.1. The information contained in
Exhibit 99.1 shall not be deemed filed with the Securities and
Exchange Commission nor incorporated by reference into any
registration statement filed or to be filed by the Company under
the Securities Act of 1933, as amended.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.