1315_Nareit Testimonial Holeman_2023-06-22_V2
07/11/2023
David Holeman, CEO of Whitestone REIT (NYSE: WSR), participated in a video interview at Nareit’s REITweek: 2023 Investor Conference, held in New York June 6-8.
Holeman discussed Whitestone’s commitments to its communities, what’s on the horizon for acquisitions and dispositions, as well as the outlook for the grocery-anchored shopping center segment more broadly.
During the interview, Holeman noted that:
- Whitestone actively manages its properties, spending a lot of time getting to know communities and consumers, and looks to bring in tenants that meet their needs and drive traffic.
- Whitestone is “very bullish” on the Sunbelt and on smaller retail spaces that are in high demand today.
- Whitestone’s most recent acquisition in late 2022, located in The Woodlands in Texas, is adjacent to a local powerhouse grocer and reflects the types of acquisitions the REIT favors. “We love proximity to grocers.”
- Last year, Whitestone recycled capital and is likely to do the same again in 2023. “Whitestone, like many others, is positioning itself for opportunities ahead.”
- The importance of neighborhood centers became apparent during the pandemic. Whitestone is optimistic regarding the ongoing need for retail that provides necessities and services “in great communities” across the country.