Whitestone REIT is a real estate investment trust engaged in owning and operating commercial properties in culturally diverse markets in the metropolitan areas. It is internally managed and owns a real estate portfolio of 36 properties containing three million square feet of leasable space, located in Texas, Arizona and Illinois. In December 2011, it announced that it had closed on the purchase of Phase I of Pinnacle of Scottsdale, a 113,108 square foot 100% leased Class A Community Center in North Scottsdale. In December 2011, it purchased shops at Starwood. closed on the off-market purchase of Headquarters Village, a 89,134 square foot (sf) Community Center located within the Preston Road retail corridor in Plano, Texas.