Whitestone REIT facing board challenge from Emmett Investment, Reuters says

Whitestone REIT (WSR) may be facing a possible fight in the board room from hedge fund Emmett Investment Management, which may nominate directors to the shopping center operator’s six-person board, Reuters’ Svea Herbst-Bayliss reports. Two people familiar with the matter say Emmett, a long-term investor in Whitestone, is frustrated with how the company allocates capital and has criticized its governance.