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Whitestone Real Estate Fund III Single Family Rental Fund is now closed.

Fund IV is now open for investment.

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This presentation is issued by Whitestone & Co., LLC ("Whitestone"), in connection with the launch of Whitestone Real Estate Fund IV, LP (the "Fund") and is being provided for discussion purposes only. The information contained herein is subject to material updating, revision, correction and amendment. Each recipient of this presentation acknowledges and agrees that the contents hereof constitute proprietary and confidential information of Whitestone. Any reproduction or disclosure of the information provided herein, without the prior written consent of Whitestone is prohibited. The use of the contents hereof for any purpose other than an evaluation of the Fund or background and experience of Whitestone is prohibited without the prior written consent of Whitestone. This presentation must be returned to Whitestone upon request. By accepting this presentation, each recipient agrees to the foregoing. Notwithstanding anything contained herein to the contrary, each prospective investor of the Fund (and each employee, representative, or other agent of each of the foregoing) may disclose to any and all persons, without limitation of any kind, the tax treatment and any facts that may be relevant to the tax structure of the transactions contemplated herein and the agreements referred to herein; provided however, that none of the prospective investors of the Fund (and no employee, representative or other agent thereof) shall disclose any other information that is not relevant to understanding the tax treatment or tax structure of such transactions or any other information, to the extent that such disclosure could reasonably result in a violation of any U.S. federal or state securities law or similar law of another jurisdiction.

This presentation does not constitute investment advice or a recommendation, an offer to sell, or the solicitation of an offer to buy and is not the basis for any contract to purchase or sell any securities or other instruments in any jurisdiction and should not provide the basis for any investment decision. Such offers will only be made, and such subscriptions will only be accepted on the basis of the final governing documents of the Fund, which may be made available subsequently at the Whitestone's discretion. Securities subsequently offered by the Fund will not be offered or sold in any jurisdiction or to any person to whom it is unlawful to make such an offer in such jurisdiction, and will be offered on a private placement basis, to investors who meet certain suitability requirements and other investment qualifications. The terms of the Fund's final governing documents shall control to the extent they are inconsistent with the information set forth herein. The Fund has not filed and will not file a prospectus or similar document with any securities regulatory authority. No securities regulatory authority has evaluated the value of an investment in the Fund, made any recommendations as to a purchase of securities of the Fund, approved or disapproved of the offering of any securities of the Fund, or evaluated the adequacy or accuracy of this document. Any representation to the contrary is unlawful.

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