Whitestone REIT, an internally managed REIT with 36 commercial properties primarily in Houston, raised $26 million on Wednesday by offering 2.2 million shares at $12, below the range of $14-$16, after planning to price the deal the night before. The REIT had originally planned to raise $50 million by offering 3.3 million shares. Whitestone plans to list on the NYSE under the symbol WSR. Wunderlich Securities and Ladenburg Thalmann & Co. acted as lead managers on the deal.
