On April 8, 2019, Daniel G. DeVos notified Pillarstone Capital REIT, a Maryland real estate investment trust (the “Company”), that he would not stand for re-election for the Company’s Board of Trustees. Mr. DeVos will continue to serve as a trustee until the 2019 Annual Meeting of Shareholders of the Company on May 22, 2019.
Pillarstone Capital REIT, formerly Paragon Real Estate Equity and Investment Trust, is a shell company. The Company is a real estate investment trust (REIT). The Company focuses on maintaining its trust existence and Securities and Exchange Commission (SEC) reporting history to enable it in the future to raise additional capital and make real estate investments. The Company focuses on making real estate investments, which include acquisition and development of retail, office, office warehouse, industrial, multifamily, hotel, and other commercial properties; acquisition of or merger with a REIT or a real estate operating company, and joint venture investments. The Company focuses on investing its excess funds in marketable securities of other real estate companies. The Company has not generated any revenues.