Pillarstone Capital (OTC Pink: PRLE) is a real estate opportunity company focused on creating shareholder value through acquiring, developing and redeveloping commercial real estate properties. Pillarstone has been a publicly traded company with a stable management team extracting significant value from real estate assets since 1994.
In 2022, Pillarstone activated phase 2 of its long-term business plan to position the company for growth. It internalized management and expanded its leadership team to include additional seasoned commercial real estate executives with expertise in capital markets, growing companies and redeveloping commercial real estate portfolios.
Pillarstone values all of its business relationships and strives to consistently demonstrate its values and vision with every interaction between employees, tenants, vendors, lenders, capital markets representatives, and surrounding community neighbors.
Investment OBJECTIVES
Providing above-average risk-adjusted returns; pursuing value-add strategies for shareholders while helping strategic partners achieve their financial goals throughout various marketplace cycles; establishing ownership positions in underperforming real estate, well-located multi- and single-tenant properties, and related businesses and franchises; and capturing enhanced value for investors through the acquisition and development of underappreciated or challenged real estate.
Investment Strategy
To create higher yield value and achieve above average returns, Pillarstone targets specific opportunities, asset classes and properties. Pillarstone achieves its growth-oriented ownership potential through recapitalizations, value-add acquisitions, strategic alliance joint ventures, specialized private equity, and more efficient capital stacks and investments. With extensive structuring and restructuring experience, deep analytical ability and real estate capital markets expertise, Pillarstone is well positioned to provide maximum return on and return of investments.
Pillarstone Capital REIT’s value-add portfolio consists of high-density urban mid-rise office buildings and well-located suburban office/flex properties close to major highway arteries and affluent neighborhoods. The company currently owns eight properties in Houston and Dallas.
Execution Strategy
Invest in properties, portfolios and companies that have been overlooked, undermanaged or are underperforming in our current or target markets, and transform them into higher yielding assets and appreciating cashflow streams.
Recapitalizations & Special Situations
Pillarstone seeks investment opportunities that will benefit from recapitalizations and other situational investment cycles, such as funding capital expenditures and capital infusion in undercapitalized situations, as well as acquiring and re-zoning land for development.
COMPANY HISTORY
Founded in 1994, Pillarstone’s predecessor company, Paragon Real Estate Equity and Investment Trust, was acquired in 2003 through the acquisition of Stonehaven Trust, which historically acquired and owned real estate with investment portfolios in the U.S. In December 2016, the company was renamed Pillarstone Capital REIT when it participated with Whitestone REIT in a Contribution Agreement and related agreements involving the transfer and management of 14 real estate assets in Dallas and Houston, Texas.
281-747-9997 19407 Park Row, Suite 140 Houston, TX 77084 Trading Symbol: OTC Pink: PRLE