On April 23, 2024, Erez Asset Management, LLC announced that it has released a presentation outlining the need for change to Whitestone's Board of Trustees and detailing how Erez's trustee nominees, Catherine Clark and Bruce Schanzer, can help to improve the Company's performance and restore value for shareholders. Bruce Schanzer, Chairman and Chief Investment Officer of Erez Asset Management, commented that they believe the Company?s significant underperformance and persistent undervaluation lies squarely with the current Board, which lacks the real estate experience, shareholder alignment, and fiduciary mindset necessary to effectively steward the Company in the best interest of shareholders. By detailing the current Board's numerous capital allocation, corporate administration and governance failures, its presentation demonstrates the need for change at the Company and highlights how its nominees can help.

They look forward to speaking directly with the Company shareholders about these issues in the coming weeks. Erez Asset encouraged shareholders to review the presentation at erezassetmgmt.com and to vote the BLUE proxy card for Catherine Clark and Bruce Schanzer and withhold from David Taylor and Nandita Berry.