On January 29, 2018, NS Advisors, LLC announced that it intends to engage in a dialogue with the management and the board of directors of Wheeler Real Estate Investment Trust, Inc. to address the concerns and questions. NS Advisors stated that Andrew R. Jones, the managing partner of NS Advisors, sent a letter dated January 26, 2018, Jeffrey M. Zwerdling, the Lead Director of the Company, addressing concerns related to the performance of the Company.