David Holeman, CEO of Whitestone REIT (NYSE: WSR), participated in a video interview in conjunction with Nareit’s REITweek: 2022 Investor Conference in New York on June 7-9.
Holeman said factors like geography, tenant mix, and lease structure will all play a role in how inflation and potential recession impact the retail sector.
“We have always built a business to do well in different cycles,” Holeman said. “So we like to be flexible [and] we like to be nimble.”
Turning to the top reasons to invest in Whitestone REIT, Holeman said the REIT has been driven by data and strong local market relationships in order to achieve the correct tenant mix. As a result, the company has been able to achieve a strong track record over the years, he added.
“Whitestone presents an attractive entry point,” he said. “We have growth potential from lease-up, rental rate expansion, strategic development, and acquisitions.”
Holeman also discussed Whitestone REIT’s logo, noting its reference points to shareholder value, being a great neighbor in its shopping center communities, and the stability, knowledge, power, and integrity of its 90 employees, many of whom are shareholders.