MCB PR Capital Amends Whitestone REIT Filing

TL;DR

MCB PR Capital updated their Whitestone REIT stake filing. Keep an eye on this.

AI Summary

MCB PR Capital LLC, through P. David Bramble, has amended its Schedule 13D filing regarding Whitestone REIT. The filing, dated October 9, 2024, indicates a change in beneficial ownership. MCB PR Capital LLC is based in Baltimore, MD, and Whitestone REIT is headquartered in Houston, TX.

Why It Matters

This amendment to a Schedule 13D filing signals a potential shift in the ownership structure or strategy of Whitestone REIT, which could impact its stock price and future business decisions.

Risk Assessment

Risk Level: medium — Schedule 13D filings often precede significant corporate actions or changes in control, introducing uncertainty.

Key Numbers

• 0001175535 — Whitestone REIT Central Index Key (Unique identifier for Whitestone REIT in SEC filings.)
• 0002009447 — MCB PR Capital LLC Central Index Key (Unique identifier for MCB PR Capital LLC in SEC filings.)
• 20241009 — Filing Date (Date the Schedule 13D/A was filed with the SEC.)

Key Players & Entities

• MCB PR Capital LLC (company) — Filer of the Schedule 13D/A
• P. David Bramble (person) — Authorized person for MCB PR Capital LLC
• Whitestone REIT (company) — Subject company of the filing
• 2002 Clipper Park Rd. Suite 105 Baltimore, MD 21211 (address) — Address of MCB PR Capital LLC
• 2600 SOUTH GESSNER STREET SUITE 500 HOUSTON TX 77063 (address) — Business address of Whitestone REIT

FAQ

Key Financial Figures

• $0.001 — Common Shares of Beneficial Interest, $0.001 par value per share (Title of Class o
• $15.00 — rating Partnership, L.P., to a price of $15.00 per share (the “Revised Proposal&

Filing Documents

• tm2425880d1_sc13da.htm (SC 13D/A) — 47KB
• tm2425880d1_ex7-02.htm (EX-7.02) — 16KB
• tm2425880d1_ex7-02img001.jpg (GRAPHIC) — 5KB
• tm2425880d1_ex7-02img002.jpg (GRAPHIC) — 41KB
• 0001104659-24-107259.txt ( ) — 130KB

of the Schedule 13D is hereby amended to add the following

Item 4 of the Schedule 13D is hereby amended to add the following: On October 9, 2024, MCB Real Estate sent a letter to the Board of Trustees of the Issuer pursuant to which MCB Real Estate increased its proposal to acquire all of the outstanding Common Shares of the Issuer , including all of the outstanding common partnership interests in Whitestone REIT Operating Partnership, L.P., to a price of $15.00 per share (the “Revised Proposal”). Prior to the Revised Proposal and following delivery by MCB Real Estate of its previously disclosed Proposal, the Chief Executive Officer of the Issuer informed MCB Real Estate of the Issuer’s Board of Trustees’ decision to reject the Proposal. Following this decision and communication from the Chief Executive Officer, the Issuer has refused to engage in discussions with MCB Real Estate regarding a potential transaction. The foregoing description of the Revised Proposal does not purport to be complete and is qualified in its entirety by reference to the full text of the Revised Proposal, which is attached hereto as Exhibit 7.02, and is incorporated herein by reference. Item 7. Materials to be Filed as Exhibits

of the Schedule 13D is

Item 7 of the Schedule 13D is hereby amended to add the following: Exhibit 7.02 Proposal from MCB to the Board of Trustees of the Issuer, dated as of October 9, 2024

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: October 9, 2024 /s/ P. David Bramble David Bramble, Individually, and On behalf of MCB Acquisitions Manager LLC, as the sole member of MCB Acquisitions Manager LLC On behalf of MCB PR Capital LLC, as the sole manager of MCB PR Capital LLC

View Full Filing

View this SC 13D/A filing on SEC EDGAR