secwatch.observer — SEC 8-K summary
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Issuer:     Whitestone REIT (WSR)
CIK:        0001175535
Form:       8-K
Filed at:   2024-06-27T23:59:59+00:00
Accession:  0001437749-24-021442
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Whitestone REIT enters $56.3M mortgage loan at 6.23% fixed rate, maturing 2031
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- $56.34M non-recourse loan from Nationwide Life Insurance; 6.23% fixed interest, maturity July 1, 2031.
- Interest-only for first 36 months, then 30-year amortization; payments commence August 1, 2024.
- Loan secured by three properties (The Strand, Las Colinas Village, Scottsdale Seville) and related assets.
- Limited carveout guarantee from Whitestone REIT Operating Partnership; proceeds pay down floating-rate debt.
- Prepayment allowed in full only; no premium required on or after six months before maturity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1175535/000143774924021442/0001437749-24-021442-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1175535/000143774924021442/wstr20240627_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-021442

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