Whitestone REIT acquires Ashford Village in Houston

Whitestone REIT (WSR) announced the acquisition of the 81,407 square-foot, grocery-anchored Ashford Village. “Given our large footprint in Houston and our familiarity with the market, we have been actively looking to acquire assets like Ashford Village that align with our investment criteria and would benefit from our proven value-enhancing operational platform,” commented Christine Mastandrea, President and COO of Whitestone REIT. “Like Lion Square in the International Management District, this asset serves Houston’s thriving Asian community, and we feel our familiarity with the culture and expertise in tailoring diversified tenant lineups will allow us to realize Ashford Village’s true potential.”