Whitestone REIT Shareholders Approve $1.7 Billion Acquisition by Ares Real Estate Funds
() -- Whitestone REIT (WSR) said late Thursday that its shareholders have approved the company's proposed $1.7 billion all-cash acquisition by funds managed by Ares Management's (ARES) real estate investment division, Ares Real Estate, at a special meeting. Under the merger agreement announced on April 8, certain Ares