Pillarstone Capital REIT
PRLE
Other OTC0.02
USD
-0.88
- -
CIK
0000928953
ISIN
US7214911080
CUSIP
721491108
Return %
Stock
S&P500
1Y
-97.78
26.53
3Y
-98.95
76.60
5Y
-99.29
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- James C. Mastandrea
- Full Time Employees
- 1
- Sector
- Real Estate
- Industry
- REIT - Office
- Address
- 2600 South Gessner Houston TX United States of America 77063
- IPO Date
- Apr 24, 1996
- CIK
- 0000928953
- Website
- pillarstone-capital.com
- Similar Companies
- Business
- Pillarstone Capital REIT (OTC Pink: PRLE) operates as a real estate investment trust focused on acquiring, developing, redeveloping, and managing commercial real estate properties to generate shareholder value through value-add strategies; its core offerings include ownership and operation of high-density urban mid-rise office buildings, well-located suburban office/flex properties, retail centers, multifamily residential assets, and other opportunities such as land development, industrial, hotel, and joint venture investments; the company pursues recapitalizations, strategic alliances, specialized private equity, and efficient capital structures targeting underperforming or undercapitalized properties in primary U.S. markets. Founded in 1994 as Paragon Real Estate Equity and Investment Trust and renamed Pillarstone Capital REIT in December 2016 following a Contribution Agreement with Whitestone REIT that transferred 14 properties in Houston and Dallas, Texas, the company is headquartered at 2600 South Gessner, Suite 555, Houston, Texas 77063, with an additional office in Cleveland, Ohio, and conducts substantially all operations through its consolidated operating partnership, Pillarstone Capital REIT Operating Partnership LP. In 2022, Pillarstone activated phase two of its long-term growth plan by internalizing management, appointing a new CEO, CFO, and COO with expertise in capital markets and redevelopment, and expanding its leadership team; more recently, on March 4, 2024, the company, along with its operating partnership and special purpose entities, filed for Chapter 11 bankruptcy reorganization in the U.S. Bankruptcy Court for the Northern District of Texas amid challenges including Whitestone REIT's redemption of its equity interest in the operating partnership.