On May 8, 2024, Erez Asset Management LLC announced that it has sent a letter to shareholders of Whitestone REIT, stating that in its communications with the Company, it has raised concerns about Compnay's capital allocation, corporate management, and governance practices that Erez Asset Management believes can be most effectively addressed with the input of new trustees with subject matter expertise, and outlined in detail how Company's current Board is responsible. In addition, Erez Asset Management stated that it has no secret plan to acquire the Company, it is not capitalized to buy the Company, it is not seeking to raise capital to acquire the Company and has no intention of acquiring the Company. Further, Erez Asset Management stated that as for it wants Company to be sold, while any responsible board should be open to a value maximizing sale, it has repeatedly articulated its plans for the Company, and encourage all shareholders of the Company to vote for its board nominees Catherine Clark and Bruce Schanzer, and withhold vote for the Company nominees David Taylor and Nandita Berry, at the 2024 annual meeting of shareholders scheduled to be held on May 14, 2024.