Whitestone REIT climbs after report of takeover interest from Blackstone and TPG

Shares of U.S. shopping center operator Whitestone REIT WSR.N up 4.9% at $15.76

Reuters reported the co attracted takeover interest from private equity firms, including Blackstone BX.N and TPG TPG.O

Co has hired Bank of America BAC.N to oversee the sale process, with potential bidders having signed confidentiality agreements to review documents, sources told Reuters

BX, TPG and BAC declined to comment, while WSR did not immediately respond to a request for comment

This comes as WSR faces two separate proxy fights for board seats and after major shareholder MCB Real Estate made an unresponded $15.20/share takeover offer in November

As of last close, WSR shares up 8.1% YTD, following a 1.9% drop in 2025