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Whitestone REIT Investor Presentation

VALUE ENHANCEMENT FOCUS CASE STUDY: OUR FUTURE STRATEGIC DEVELOPMENT OPPORTUNITIES (continued) 24 24 VILLAGE SQUARE DEVELOPMENT Mesa, Arizona • Purchased in 2013 • Entitled for future - 4.7 acres • 200K add'l GLA: mixed use, retail & office 340 unit multifamily & hotel pad sites to lease • Development cost: $115M • O NOI: $11.3M Potential value add: $87M BELE ACAD 340 UNIT MULTIFAMILY MIXED USE, RETAIL, OFFICE WHITESTONE REIT INVESTOR PRESENTATION FIRST QUARTER 2021 HOTEL PAD SITE GROUND LEASE W

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