Whitestone REIT (WSR) 10-Q7 Aug 142014 Q2 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
Document and Entity Information	Jun. 30, 2014	Aug. 04, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'Whitestone REIT	'
Entity Central Index Key	'0001175535	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Accelerated Filer	'
Document Type	'10-Q	'
Document Period End Date	30-Jun-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'
Amendment Flag	'false	'
Entity Common Stock, Shares Outstanding	'	22,713,237

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Real estate assets, at cost	'	'
Property	$548,515	$546,274
Accumulated depreciation	-70,602	-66,008
Total real estate assets	477,913	480,266
Cash and cash equivalents	5,042	6,491
Marketable securities	982	877
Escrows and acquisition deposits	2,419	2,095
Accrued rents and accounts receivable, net of allowance for doubtful accounts	10,316	9,929
Unamortized lease commissions and loan costs	5,910	6,227
Prepaid expenses and other assets	2,543	2,089
Total assets	505,125	507,974
Liabilities:	'	'
Notes payable	264,123	264,277
Accounts payable and accrued expenses	12,405	12,773
Tenants' security deposits	3,807	3,591
Dividends and distributions payable	6,609	6,418
Total liabilities	286,944	287,059
Commitments and contingencies:	0	0
Equity:	'	'
Preferred shares, $0.001 par value per share; 50,000,000 shares authorized; none issued and outstanding as of June 30, 2014 and December 31, 2013	0	0
Common shares, $0.001 par value per share; 400,000,000 shares authorized; 22,683,913 and 21,943,700 issued and outstanding as of June 30, 2014 and December 31, 2013, respectively	23	22
Additional paid-in capital	299,291	291,571
Accumulated deficit	-84,911	-75,721
Accumulated other comprehensive loss	-242	-54
Total Whitestone REIT shareholders' equity	214,161	215,818
Noncontrolling interest in subsidiary	4,020	5,097
Total equity	218,181	220,915
Total liabilities and equity	$505,125	$507,974

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]	'	'
Preferred shares, par value per share (in dollars per share)	$0.00	$0.00
Preferred shares, shares authorized (in shares)	50,000,000	50,000,000
Preferred shares, shares issued (in shares)	0	0
Preferred shares, shares outstanding (in shares)	0	0
Common shares, par value per share (in dollars per share)	$0.00	$0.00
Common shares, authorized (in shares)	400,000,000	400,000,000
Common shares, issued (in shares)	22,683,913	21,943,700
Common shares, outstanding (in shares)	22,683,913	21,943,700

Consolidated_Statements_of_Ope

Consolidated Statements of Operations and Comprehensive Income (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Property revenues	'	'	'	'
Rental revenues	$13,839	$11,812	$27,812	$22,813
Other revenues	3,835	2,983	7,649	5,851
Total property revenues	17,674	14,795	35,461	28,664
Property expenses	'	'	'	'
Property operation and maintenance	4,142	3,348	7,802	6,413
Real estate taxes	2,251	2,012	4,561	3,810
Total property expenses	6,393	5,360	12,363	10,223
Other expenses (income)	'	'	'	'
General and administrative	3,582	2,516	6,539	4,960
Depreciation and amortization	3,908	3,260	7,816	6,333
Interest expense	2,449	2,613	4,821	5,062
Interest, dividend and other investment income	-19	-69	-40	-88
Total other expense	9,920	8,320	19,136	16,267
Income before loss on sale or disposal of assets and income taxes	1,361	1,115	3,962	2,174
Provision for income taxes	-57	-72	-141	-137
Loss on sale or disposal of assets	-24	-40	-109	-48
Net income	1,280	1,003	3,712	1,989
Less: Net income attributable to noncontrolling interests	27	33	87	70
Net income attributable to Whitestone REIT	1,253	970	3,625	1,919
Basic and Diluted Earnings Per Share:	'	'	'	'
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares (in dollars per share)	$0.05	$0.06	$0.16	$0.11
Weighted average number of common shares outstanding:	'	'	'	'
Basic (in shares)	22,235	16,891	22,030	16,855
Diluted (in shares)	22,443	17,111	22,192	17,073
Distributions declared per common share / OP unit (in dollars per share)	$0.28	$0.28	$0.57	$0.57
Consolidated Statements of Comprehensive Income	'	'	'	'
Net income	1,280	1,003	3,712	1,989
Other comprehensive gain (loss)	'	'	'	'
Unrealized gain (loss) on cash flow hedging activities	-259	761	-297	493
Unrealized gain (loss) on available-for-sale marketable securities	22	-88	105	215
Comprehensive income	1,043	1,676	3,520	2,697
Less: Comprehensive income attributable to noncontrolling interests	23	57	82	95
Comprehensive income attributable to Whitestone REIT	$1,020	$1,619	$3,438	$2,602

Consolidated_Statement_of_Chan

Consolidated Statement of Changes in Equity (USD $)		Total	Common Shares [Member]	Additional Paid-In Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total Shareholders' Equity [Member]	Noncontrolling Interests [Member]
Beginning Balance, at Dec. 31, 2013		$220,915,000	$22,000	$291,571,000	($75,721,000)	($54,000)	$215,818,000	$5,097,000
Beginning Balance (in units), at Dec. 31, 2013		'	'	'	'	'	'	562,000
Beginning Balance (in shares), at Dec. 31, 2013		21,943,700	21,944,000	'	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]		'	'	'	'	'	'	'
Exchange of noncontrolling interest OP units for common shares (in shares)		'	96,000	'	'	'	'	96,000
Exchange of noncontrolling interest OP units for common shares		0	0	870,000	'	-1,000	869,000	-869,000
Exchange offer costs		-6,000	'	-6,000	'	'	-6,000	'
Issuance of common shares - ATM Program, net of offering costs (in shares)	[1]	'	378,000	'	'	'	'	'
Issuance of common shares - ATM Program, net of offering costs	[1]	5,267,000	1,000	5,266,000	'	'	5,267,000	'
Issuance of shares under dividend reinvestment plan (in shares)		'	4,000	'	'	'	'	'
Issuance of shares under dividend reinvestment plan		50,000	'	50,000	'	'	50,000	'
Repurchase of common shares (in shares)	[2]	'	-2,000	'	'	'	'	'
Repurchase of common shares	[2]	-24,000	'	-24,000	'	'	-24,000	'
Share-based compensation (in shares)		'	264,000	'	'	'	'	'
Share-based compensation		1,564,000	'	1,564,000	'	'	1,564,000	'
Distributions		-13,105,000	'	'	-12,815,000	'	-12,815,000	-290,000
Unrealized gain on change in fair value of available-for-sale marketable securities		105,000	'	'	'	103,000	103,000	2,000
Unrealized loss on change in value of cash flow hedge		-297,000	'	'	'	-290,000	-290,000	-7,000
Net income		3,712,000	'	'	3,625,000	'	3,625,000	87,000
Offering costs		100,000	'	'	'	'	'	'
Ending Balance, at Jun. 30, 2014		$218,181,000	$23,000	$299,291,000	($84,911,000)	($242,000)	$214,161,000	$4,020,000
Ending Balance (in units), at Jun. 30, 2014		'	'	'	'	'	'	466,000
Ending Balance (in shares), at Jun. 30, 2014		22,683,913	22,684,000	'	'	'	'	'

[1]	Net of offering costs of $0.1 million.
[2]	During the three months ended June 30, 2014, the Company acquired common shares held by employees who tendered owned common shares to satisfy the tax withholding on the lapse of certain restrictions on restricted shares.

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Cash flows from operating activities:	'	'
Net income	$3,712	$1,989
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation and amortization	7,816	6,333
Amortization of deferred loan costs	405	554
Amortization of notes payable discount	153	299
Gain on sale of marketable securities	0	41
Loss on sale or disposal of assets and properties	-109	-48
Bad debt expense	1,051	715
Share-based compensation	1,564	667
Changes in operating assets and liabilities:	'	'
Escrows and acquisition deposits	-324	1,619
Accrued rent and accounts receivable	-1,438	-966
Unamortized lease commissions	-570	-517
Prepaid expenses and other assets	334	246
Accounts payable and accrued expenses	-797	-2,990
Tenants' security deposits	216	324
Net cash provided by operating activities	12,231	8,280
Cash flows from investing activities:	'	'
Acquisitions of real estate	0	-58,403
Additions to real estate	-4,990	-2,476
Proceeds from sales of marketable securities	0	747
Net cash used in investing activities	-4,990	-60,132
Cash flows from financing activities:	'	'
Distributions paid to common shareholders	-12,598	-9,639
Distributions paid to OP unit holders	-310	-363
Proceeds from issuance of common shares, net of offering costs	5,267	0
Payments of exchange offer costs	-6	-23
Proceeds from notes payable	0	20,200
Proceeds from revolving credit facility, net	3,000	58,400
Repayments of notes payable	-4,019	-15,844
Payments of loan origination costs	0	-1,403
Repurchase of common shares	-24	0
Net cash provided by (used in) financing activities	-8,690	51,328
Net decrease in cash and cash equivalents	-1,449	-524
Cash and cash equivalents at beginning of period	6,491	6,544
Cash and cash equivalents at end of period	5,042	6,020
Supplemental disclosure of cash flow information:	'	'
Cash paid for interest	4,447	4,597
Cash paid for taxes	238	237
Non cash investing and financing activities:	'	'
Disposal of fully depreciated real estate	2,560	185
Financed insurance premiums	888	883
Value of shares issued under dividend reinvestment plan	50	47
Accrued offering costs	0	13
Value of common shares exchanged for OP units	870	1,056
Change in fair value of available-for-sale securities	105	215
Change in fair value of cash flow hedge	-297	493
Debt assumed with acquisitions of real estate	0	11,100
Interest supplement assumed with acquisition of real estate	$0	$932

Interim_Financial_Statements

Interim Financial Statements	6 Months Ended
Interim Financial Statements	Jun. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Interim Financial Statements	'
	INTERIM FINANCIAL STATEMENTS

	The consolidated financial statements included in this report are unaudited; however, amounts presented in the consolidated balance sheet as of December 31, 2013 are derived from our audited consolidated financial statements as of that date. The unaudited financial statements as of June 30, 2014 have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information on a basis consistent with the annual audited consolidated financial statements and with the instructions to Form 10-Q.

	The consolidated financial statements presented herein reflect all adjustments which, in the opinion of management, are necessary for a fair presentation of the financial position of Whitestone and our subsidiaries as of June 30, 2014, and the results of operations for the three and six month periods ended June 30, 2014 and 2013, the consolidated statements of changes in equity for the six month period ended June 30, 2014 and cash flows for the six month periods ended June 30, 2014 and 2013. All of these adjustments are of a normal recurring nature. The results of operations for the interim periods are not necessarily indicative of the results expected for a full year. The statements should be read in conjunction with the audited consolidated financial statements and the notes thereto which are included in our Annual Report on Form 10-K for the year ended December 31, 2013.

	Business. Whitestone was formed as a real estate investment trust ("REIT"), pursuant to the Texas Real Estate Investment Trust Act on August 20, 1998. In July 2004, we changed our state of organization from Texas to Maryland pursuant to a merger where we merged directly with and into a Maryland REIT formed for the sole purpose of the reorganization and the conversion of each of our outstanding common shares of beneficial interest of the Texas entity into 1.42857 common shares of beneficial interest of the Maryland entity. We serve as the general partner of Whitestone REIT Operating Partnership, L.P. (the “Operating Partnership”), which was formed on December 31, 1998 as a Delaware limited partnership. We currently conduct substantially all of our operations and activities through the Operating Partnership. As the general partner of the Operating Partnership, we have the exclusive power to manage and conduct the business of the Operating Partnership, subject to certain customary exceptions. As of June 30, 2014 and December 31, 2013, Whitestone owned and operated 60 commercial properties in and around Houston, Dallas, San Antonio, Chicago and Phoenix.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	6 Months Ended
Summary of Significant Accounting Policies	Jun. 30, 2014
Accounting Policies [Abstract]	'
Significant Accounting Policies	'
	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of Consolidation. We are the sole general partner of the Operating Partnership and possess full legal control and authority over the operations of the Operating Partnership. As of June 30, 2014 and December 31, 2013, we owned a majority of the partnership interests in the Operating Partnership. Consequently, the accompanying consolidated financial statements include the accounts of the Operating Partnership. All significant inter-company balances have been eliminated. Noncontrolling interests in the accompanying consolidated financial statements represents the share of equity and earnings of the Operating Partnership allocable to holders of partnership interests other than us. Net income or loss is allocated to noncontrolling interests based on the weighted average percentage ownership of the Operating Partnership during the period. Issuance of additional common shares of beneficial interest in Whitestone (the "common shares") and units of limited partnership interest in the Operating Partnership that are convertible into cash or, at our option, common shares on a one-for-one basis (the “OP units”) changes the ownership interests of both the noncontrolling interests and Whitestone.

	Basis of Accounting. Our financial records are maintained on the accrual basis of accounting whereby revenues are recognized when earned and expenses are recorded when incurred.

	Use of Estimates. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates that we use include the estimated fair values of properties acquired, the estimated useful lives for depreciable and amortizable assets and costs, the estimated allowance for doubtful accounts, the estimated fair value of interest rate swaps and the estimates supporting our impairment analysis for the carrying values of our real estate assets. Actual results could differ from those estimates.

	Reclassifications. We have reclassified certain prior period amounts in the accompanying consolidated financial statements in order to be consistent with the current period presentation. These reclassifications had no effect on net income, total assets, total liabilities or equity.

	Marketable Securities. We classify our existing marketable equity securities as available-for-sale in accordance with the Financial Accounting Standards Board's ("FASB") Investments-Debt and Equity Securities guidance. These securities are carried at fair value with unrealized gains and losses reported in equity as a component of accumulated other comprehensive income or loss. The fair value of the marketable securities is determined using Level 1 inputs under FASB Accounting Standards Codification ("ASC") 820, "Fair Value Measurements and Disclosures." Level 1 inputs represent quoted prices available in an active market for identical investments as of the reporting date. Gains and losses on securities sold are based on the specific identification method, and are reported as a component of interest, dividend and other investment income.

	Derivative Instruments and Hedging Activities. We occasionally utilize derivative financial instruments, principally interest rate swaps, to manage our exposure to fluctuations in interest rates. We have established policies and procedures for risk assessment, and the approval, reporting and monitoring of derivative financial instruments. We recognize our interest rate swaps as cash flow hedges with the effective portion of the changes in fair value recorded in comprehensive income (loss) and subsequently reclassified into earnings in the period that the hedged transaction affects earnings. Any ineffective portion of a cash flow hedges' change in fair value is recorded immediately into earnings. Our cash flow hedges are determined using Level 2 inputs under ASC 820. Level 2 inputs represent quoted prices in active markets for similar assets or liabilities; quoted prices in markets that are not active; and model-derived valuations whose inputs are observable. As of June 30, 2014, we consider our cash flow hedges to be highly effective.

	Development Properties. Land, buildings and improvements are recorded at cost. Expenditures related to the development of real estate are carried at cost which includes capitalized carrying charges and development costs. Carrying charges, primarily interest, real estate taxes, loan fees, and direct and indirect development costs related to buildings under construction, are capitalized as part of construction in progress. The capitalization of such costs ceases when the property, or any completed portion, becomes available for occupancy. For the three months ended June 30, 2014, approximately $26,000 and $7,000 in interest expense and real estate taxes, respectively, were capitalized, and for the six months ended June 30, 2014, approximately $51,000 and $32,000 in interest expense and real estate taxes, respectively, were capitalized. For the three months ended June 30, 2013, approximately $33,000 and $25,000 in interest expense and real estate taxes, respectively, were capitalized, and for the six months ended June 30, 2013, approximately $69,000 and $49,000 in interest expense and real estate taxes, respectively, were capitalized.

	Share-Based Compensation. From time to time, we award nonvested restricted common share awards or restricted common share unit awards, which may be converted into common shares, to executive officers and employees under our 2008 Long-Term Equity Incentive Ownership Plan (the “2008 Plan”). The vast majority of the awarded shares and units vest when certain performance conditions are met. We recognize compensation expense when achievement of the performance conditions is probable based on management's most recent estimates using the fair value of the shares as of the grant date. We recognized $1,234,000 and $311,000 in share-based compensation for the three months ended June 30, 2014 and 2013, respectively, and we recognized $1,607,000 and $667,000 in share-based compensation for the six months ended June 30, 2014 and 2013, respectively.

	Noncontrolling Interests. Noncontrolling interests is the portion of equity in a subsidiary not attributable to a parent. The ownership interests not held by the parent are considered noncontrolling interests. Accordingly, we have reported noncontrolling interests in equity on the consolidated balance sheets but separate from Whitestone's equity. On the consolidated statements of operations, subsidiaries are reported at the consolidated amount, including both the amount attributable to Whitestone and noncontrolling interests. The consolidated statement of changes in equity is included for quarterly financial statements, including beginning balances, activity for the period and ending balances for shareholders' equity, noncontrolling interests and total equity.

	See our Annual Report on Form 10-K for the year ended December 31, 2013 for further discussion on significant accounting policies.

	Recent Accounting Pronouncements. In July 2013, the FASB issued guidance permitting the Fed Funds Effective Swap Rate to be used as a U.S. benchmark interest rate for hedge accounting purposes under ASC 815 ("Derivatives and Hedging"), in addition to the interest rates on direct Treasury obligations of the U.S. government and LIBOR. This guidance is effective prospectively for qualifying new or redesignated hedging relationships entered into on or after July 17, 2013. We do not expect the pronouncement to have a significant impact on our consolidated financial statements.

Marketable_Securities

Marketable Securities	6 Months Ended
	Jun. 30, 2014
Investments, Debt and Equity Securities [Abstract]	'
Marketable Securities	'
	MARKETABLE SECURITIES

	All of our marketable securities were classified as available-for-sale securities as of June 30, 2014 and December 31, 2013. Available-for-sale securities consisted of the following (in thousands):



		June 30, 2014
		Amortized Cost		Gains in Accumulated Other Comprehensive Income		Losses in Accumulated Other Comprehensive Income			Estimated Fair Value
	Real estate sector common stock	$	1,106	$	—	$	(124	)	$	982

	Total available-for-sale securities	$	1,106	$	—	$	(124	)	$	982





		December 31, 2013
		Amortized Cost		Gains in Accumulated Other Comprehensive Income		Losses in Accumulated Other Comprehensive Income			Estimated Fair Value
	Real estate sector common stock	$	1,106	$	—	$	(229	)	$	877

	Total available-for-sale securities	$	1,106	$	—	$	(229	)	$	877


	During the three and six months ended June 30, 2014, no available-for-sale securities were sold. During the three and six months ended June 30, 2013, available-for-sale securities were sold for total proceeds of $747,000. The gross realized gains and losses on these sales during the three months ended June 30, 2013 were $44,000 and $3,000, respectively. For the purpose of determining gross realized gains and losses, the cost of securities sold is based on specific identification. A net unrealized holding loss on available-for-sale securities in the amount of $124,000 and $194,000 for the six months ended June 30, 2014 and 2013, respectively, has been included in accumulated other comprehensive income.

Accrued_Rents_and_Accounts_Rec

Accrued Rents and Accounts Receivable, Net	6 Months Ended
	Jun. 30, 2014
Receivables [Abstract]	'
Accrued Rent and Accounts Receivable, Net	'
	ACCRUED RENTS AND ACCOUNTS RECEIVABLE, NET

	Accrued rents and accounts receivable, net consists of amounts accrued, billed and due from tenants, allowance for doubtful accounts and other receivables as follows (in thousands):



		June 30, 2014			December 31, 2013

	Tenant receivables	$	7,308		$	5,731

	Accrued rents and other recoveries	7,599			7,895

	Allowance for doubtful accounts	(4,591		)	(3,697		)
	Total	$	10,316		$	9,929

Unamortized_Leasing_Commission

Unamortized Leasing Commissions and Loan Costs	6 Months Ended
	Jun. 30, 2014
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]	'
Unamortized Leasing Comissions and Loan Costs	'
	UNAMORTIZED LEASE COMMISSIONS AND LOAN COSTS

	Costs which have been deferred consist of the following (in thousands):


		June 30, 2014			December 31, 2013

	Lease commissions	$	6,986		$	6,641

	Deferred financing cost	5,076			5,146

	Total cost	12,062			11,787

	Less: lease commissions accumulated amortization	(3,817		)	(3,629		)
	Less: deferred financing cost accumulated amortization	(2,335		)	(1,931		)
	Total cost, net of accumulated amortization	$	5,910		$	6,227

Debt

Debt	6 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
Debt Disclosure	'
	DEBT

	Certain subsidiaries of Whitestone are the borrowers under various financing arrangements. These subsidiaries are separate legal entities and their respective assets and credit are not available to satisfy the debt of Whitestone or any of its other subsidiaries.

	Debt consisted of the following as of the dates indicated (in thousands):


	Description		June 30, 2014		December 31, 2013
	Fixed rate notes
	$10.5 million, LIBOR plus 2.00% Note, due September 24, 2018 (1)		$	10,500	$	10,500

	$50.0 million, 0.84% plus 1.75% to 2.50% Note, due February 3, 2017 (2)		50,000		50,000

	$37.0 million 3.76% Note, due December 1, 2020		36,550		37,000

	$6.5 million 3.80% Note, due January 1, 2019		6,434		6,500

	$20.2 million 4.28% Note, due June 6, 2023		20,200		20,200

	$1.0 million 4.75% Note, due December 31, 2014		1,000		1,087

	$16.5 million 4.97% Note, due September 26, 2023		16,450		16,450

	$15.1 million 4.99% Note, due January 6, 2024		15,060		15,060

	$9.2 million, Prime Rate less 2.00%, due December 29, 2017 (3)		7,882		7,875

	$11.1 million 5.87% Note, due August 6, 2016		11,754		11,900

	$3.0 million 6.00% Note, due March 31, 2021		—		2,905

	$0.9 million 2.97% Note, due November 28, 2014		493		—

	Floating rate notes
	Unsecured line of credit, LIBOR plus 1.75% to 2.50%, due February 3, 2017		87,800		84,800

			$	264,123	$	264,277



	(1)	Promissory note includes an interest rate swap that fixed the interest rate at 3.55% for the duration of the term.


	(2)	Promissory note includes an interest rate swap that fixed the LIBOR portion of our $50 million term loan under our unsecured credit facility at 0.84%.


	(3)	Promissory note includes an interest rate swap that fixed the interest rate at 5.72% for the duration of the term. As part of our acquisition of Paradise Plaza, we recorded a discount on the note of $1.3 million, which amortizes into interest expense over the life of the loan and results in an imputed interest rate of 4.13%.

	On December 23, 2013, we, operating through our subsidiary, Whitestone Woodlake Plaza, LLC, a Delaware limited liability company, entered into a $6.5 million promissory note (the "Woodlake Note"), with a fixed interest rate of 3.80% payable to Western Reserve Life Assurance Company of Ohio and a maturity of January 1, 2019. Proceeds from the Woodlake Note were used to repay a portion of our unsecured revolving credit facility.

	On December 16, 2013, we, operating through our subsidiary, Whitestone Anthem Marketplace, LLC, a Delaware limited liability company, entered into a $15.1 million promissory note (the "Anthem Note"), with a fixed interest rate of 4.99% payable to Citigroup Global Markets Realty Corporation and a maturity of January 6, 2024. Proceeds from the Anthem Note were used to repay a portion of our unsecured revolving credit facility.

	On November 26, 2013, we, operating through our subsidiary, Whitestone Industrial-Office LLC, a Texas limited liability company ("Whitstone Industrial"), entered into a $37.0 million promissory note (the "Industrial Note"), with a fixed interest rate of 3.76% payable to Jackson Life National Insurance Company and a maturity of December 1, 2020. Proceeds from the Industrial Note were used to repay our existing $26.9 million floating rate loan that matured on December 1, 2013. The remainder of the proceeds were used to pay off approximately $10.1 million in fixed rate indebtedness maturing in 2014.

	The Industrial Note is a non-recourse loan secured by Whitestone Industrial's nine properties, including Corporate Park Woodland, Holly Hall Industrial Park, Interstate 10 Warehouse, Main Park, Plaza Park, Westbelt Plaza, Westgate Service Center, Corporate Park West and Dairy Ashford.

	On September 26, 2013, we, operating through our subsidiary, Whitestone Uptown Tower, LLC, a Delaware limited liability company ("Whitestone Uptown"), entered into a $16.5 million promissory note (the "Uptown Note"), with a fixed interest rate of 4.97% payable to Morgan Stanley Capital Holdings LLC and a maturity of September 26, 2023. Proceeds from the Uptown Note were used to repay a portion of our unsecured revolving credit facility.

	On September 24, 2013, we, operating through our subsidiary, Whitestone Terravita Marketplace, LLC, a Delaware limited liability company ("Whitestone Terravita"), entered into a $10.5 million promissory note (the "Terravita Note"), with an applicable interest rate of LIBOR plus 2.00%, payable to Bank of America, N.A. and a maturity of September 24, 2018. Proceeds from the Terravita Note were used to repay a portion of our unsecured revolving credit facility.

	The Terravita Note is a non-recourse loan secured by Whitestone Terravita's Terravita Marketplace property, located in Scottsdale, Arizona, and a limited guarantee by the Operating Partnership. In conjunction with the Terravita Note, a deed of trust was executed by Whitestone Terravita that contains customary terms and conditions, including representations, warranties and covenants by Whitestone Terravita that include, without limitation, assignment of rents, warranty of title, insurance requirements and maintenance, use and management of the property.

	On June 19, 2013, we assumed a $11.1 million promissory note as part of our acquisition of Mercado at Scottsdale Ranch (see Note 14). The 5.87% fixed interest rate note matures on August 16, 2016. In conjunction with our acquisition, we received an interest rate supplement from the seller in the amount of $932,000, which we will accrete into expense over the life of the note. As a result of the supplement, the imputed interest rate is 3.052%, which we consider to be an appropriate market rate.

On May 31, 2013, we, operating through our subsidiary, Whitestone Pinnacle of Scottsdale, LLC, a Delaware limited liability company ("Whitestone Pinnacle"), refinanced our $14.1 million promissory note, with an applicable interest rate of 5.695% and a maturity of June 1, 2013, with a $20.2 million promissory note (the "Pinnacle Note") payable to Cantor Commercial Real Estate Lending, L.P. with an applicable interest rate of 4.2805%, and a maturity of June 6, 2023.

The Pinnacle Note is a non-recourse loan secured by Whitestone Pinnacle's Pinnacle of Scottsdale property, located in Scottsdale, Arizona, and a limited guarantee by Whitestone. In conjunction with the Pinnacle Note, a deed of trust was executed by Whitestone Pinnacle that contains customary terms and conditions, including representations, warranties and covenants by Whitestone Pinnacle that include, without limitation, assignment of rents, warranty of title, insurance requirements and maintenance, use and management of the property.

As of June 30, 2014, our $125.8 million in secured debt was collateralized by 17 properties with a carrying value of $157.6 million. Our loans contain restrictions that would require the payment of prepayment penalties for the acceleration of outstanding debt and are secured by deeds of trust on certain of our properties and by assignment of the rents and leases associated with those properties. As of June 30, 2014, we were in compliance with all loan covenants.

On February 4, 2013, we, through our Operating Partnership, entered into an unsecured credit facility (the “Facility”) with the lenders party thereto, with BMO Capital Markets and Wells Fargo Securities, LLC, as co-lead arrangers and joint book runners, Bank of Montreal, as administrative agent (the "Agent"), Wells Fargo Bank, National Association, as syndication agent, and U.S. Bank National Association, as documentation agent. The Facility amended and restated our previous unsecured credit facility. We plan to use the Facility for property acquisitions, debt repayment, capital expenditures, the expansion, redevelopment and retenanting of properties in our portfolio.

In addition to a $125 million unsecured borrowing capacity under the revolving loan, the Facility also includes a $50 million term loan and permits the Operating Partnership to increase the borrowing capacity under the Facility to a total of $225 million, upon the satisfaction of certain conditions. The Facility will mature on February 3, 2017, and provides that the Operating Partnership may extend the maturity date for one year subject to certain conditions, including the payment of an extension fee.

Borrowings under the Facility accrue interest (at the Operating Partnership's option) at a Base Rate or an Adjusted LIBOR plus an applicable margin based upon our then-existing leverage. Base Rate means the higher of: (a) the Agent's prime commercial rate, (b) the sum of (i) average rate quoted the Agent by two or more federal funds brokers selected by the Agent for sale to the Agent at face value of federal funds in the secondary market in an amount equal or comparable to the principal amount for which such rate is being determined, plus (ii) 0.5%, and (c) the LIBOR rate for such day plus 1.00%. Adjusted LIBOR means LIBOR divided by one minus the Eurodollar Reserve Percentage. The Eurodollar Reserve Percentage means the maximum reserve percentage at which reserves are imposed by the Board of Governors of the Federal Reserve System on eurocurrency liabilities.

We are the guarantor for funds borrowed by the Operating Partnership under the Facility. The Facility contains customary terms and conditions, including, without limitation, affirmative and negative covenants such as information reporting requirements, maximum secured indebtedness to total asset value, minimum EBITDA (earnings before interest, taxes, depreciation, amortization and extraordinary items) to fixed charges and maintenance of net worth. The Facility also contains customary events of default with customary notice and cure, including, without limitation, nonpayment, breach of covenant, misrepresentation of representations and warranties in a material respect, cross-default to other major indebtedness, change of control, bankruptcy and loss of REIT tax status. As of June 30, 2014, we were in compliance with all covenants.

As of June 30, 2014, $137.8 million was drawn on the Facility, and our remaining borrowing capacity was $37.2 million. See Note 15 for additional information regarding borrowings on the Facility subsequent to June 30, 2014. Proceeds from the Facility were used for general corporate purposes, including property acquisitions, debt repayment, capital expenditures, the expansion, redevelopment and retenanting of properties in our portfolio and working capital.

Scheduled maturities of our outstanding debt as of June 30, 2014 were as follows (in thousands):


Year		Amount Due

2014		$	2,200

2015		1,820

2016		13,229

2017		147,926

2018		11,856

Thereafter		87,092

Total		$	264,123

Derivatives_and_Hedging_Activi

Derivatives and Hedging Activities	6 Months Ended
	Jun. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Derivatives and Hedging Activities	'
	DERIVATIVES AND HEDGING ACTIVITIES

	The fair value of our interest rate swaps is as follows (in thousands):


			Balance Sheet Location		Estimated Fair Value
	Interest rate swaps:
	30-Jun-14		Accounts payable and accrued expenses		$	1,352

	31-Dec-13		Accounts payable and accrued expenses		$	1,231


	On November 1, 2013, we, through our subsidiary, Whitestone Terravita, entered into an interest rate swap with Bank of America, N.A. that fixed the LIBOR portion of our $10.5 million term loan at 1.55%. See Note 6 for additional information regarding the Terravita Note. The swap began on November 1, 2013 and will mature on September 24, 2018. We have designated the interest rate swap as a cash flow hedge with the effective portion of the changes in fair value to be recorded in comprehensive income (loss) and subsequently reclassified into earnings in the period that the hedged transaction affects earnings. The ineffective portion of the change in fair value, if any, will be recognized directly in earnings.

	On March 8, 2013, we, through our Operating Partnership, entered into an interest rate swap with U.S. Bank National Association that fixed the LIBOR portion of our $50.0 million term loan under our unsecured credit facility at 0.84%. See Note 6 for additional information regarding our credit facility. The swap began on January 7, 2014 and will mature on February 3, 2017. We have designated the interest rate swap as a cash flow hedge with the effective portion of the changes in fair value to be recorded in comprehensive income (loss) and subsequently reclassified into earnings in the period that the hedged transaction affects earnings. The ineffective portion of the change in fair value, if any, will be recognized directly in earnings.

	A summary of our interest rate swap activity is as follows (in thousands):


			Amount Recognized as Comprehensive Income (Loss)				Location of Gain (Loss) Recognized in Earnings	Amount of Gain (Loss) Recognized in Earnings (1)
	Three months ended June 30, 2014		$	(259	)		Interest expense	$	(192	)
	Three months ended June 30, 2013		$	761			Interest expense	$	(88	)


	Six months ended June 30, 2014		$	(297	)		Interest expense	$	(382	)
	Six months ended June 30, 2013		$	493			Interest expense	$	(176	)



	(1)	We did not recognize any ineffective portion of our interest rate swaps in earnings for the three or six months ended June 30, 2014 and 2013.

Earnings_Loss_Per_Share

Earnings (Loss) Per Share	6 Months Ended
	Jun. 30, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share	'
	EARNINGS PER SHARE

	Basic earnings per share for our common shareholders is calculated by dividing income from continuing operations excluding amounts attributable to unvested restricted shares and the net income attributable to noncontrolling interests by our weighted average common shares outstanding during the period. Diluted earnings per share is computed by dividing the net income attributable to common shareholders excluding amounts attributable to unvested restricted shares and the net income attributable to noncontrolling interests by the weighted average number of common shares including any dilutive unvested restricted shares.

	Certain of our performance-based restricted common shares are considered participating securities that require the use of the two-class method for the computation of basic and diluted earnings per share. During the three months ended June 30, 2014 and 2013, 506,513 and 585,621 OP units, respectively, were excluded from the calculation of diluted earnings per share because their effect would be anti-dilutive, and during the six months ended June 30, 2014 and 2013, 530,961 and 618,904 OP units, respectively, were excluded from the calculation of diluted earnings per share because their effect would be anti-dilutive.

	For the three months ended June 30, 2014 and 2013, distributions of $78,000 and $45,000, respectively, were made to holders of certain restricted common shares, $25,000 and $34,000, respectively, of which were charged against earnings. For the six months ended June 30, 2014 and 2013, distributions of $116,000 and $90,000, respectively, were made to holders of certain restricted common shares, $44,000 and $68,000, respectively, of which were charged against earnings. See Note 11 for information related to restricted common shares under the 2008 Plan.



		Three Months Ended June 30,						Six Months Ended June 30,
	(in thousands, except per share data)	2014			2013			2014			2013
	Numerator:
	Net income	$	1,280		$	1,003		$	3,712		$	1,989

	Less: Net income attributable to noncontrolling interests	(27		)	(33		)	(87		)	(70		)
	Distributions paid on unvested restricted shares	(54		)	(11		)	(73		)	(22		)
	Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	1,199		$	959		$	3,552		$	1,897


	Denominator:
	Weighted average number of common shares - basic	22,235			16,891			22,030			16,855

	Effect of dilutive securities:
	Unvested restricted shares	208			220			162			218

	Weighted average number of common shares - dilutive	22,443			17,111			22,192			17,073


	Earnings Per Share:
	Basic:
	Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	0.05		$	0.06		$	0.16		$	0.11

	Diluted:
	Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	0.05		$	0.06		$	0.16		$	0.11

Income_Taxes

Income Taxes	6 Months Ended
Income Taxes	Jun. 30, 2014
Income Tax Disclosure [Abstract]	'
Income Taxes	'
	INCOME TAXES

	Federal income taxes are not provided because we intend to and believe we qualify as a REIT under the provisions of the Internal Revenue Code (the “Code”) and because we have distributed and intend to continue to distribute all of our taxable income to our shareholders. As a REIT, we must distribute at least 90% of our real estate investment trust taxable income to our shareholders and meet certain income sources and investment restriction requirements. In addition, REITs are subject to a number of organizational and operational requirements. If we fail to qualify as a REIT in any taxable year, we will be subject to federal income tax (including any applicable alternative minimum tax) on our taxable income at regular corporate tax rates.

	Taxable income differs from net income for financial reporting purposes principally due to differences in the timing of recognition of interest, real estate taxes, depreciation and rental revenue.

	We are subject to the Texas Margin Tax, which is computed by applying the applicable tax rate (1% for us) to the profit margin, which generally will be determined for us as total revenue less a 30% standard deduction. Although the Texas Margin Tax is not an income tax, FASB ASC 740, “Income Taxes” (“ASC 740”) applies to the Texas Margin Tax. For the three months ended June 30, 2014 and 2013, we recognized approximately $42,000 and $64,000 in margin tax provision, respectively, and for the six months ended June 30, 2014 and 2013, we recognized approximately $109,000 and $124,000 in margin tax provision, respectively.

Equity

Equity	6 Months Ended
	Jun. 30, 2014
Stockholders' Equity Note [Abstract]	'
Equity	'
	EQUITY

	Common Shares

	Under our declaration of trust, as amended, we have authority to issue up to 400,000,000 common shares of beneficial interest, $0.001 par value per share, and up to 50,000,000 preferred shares of beneficial interest, $0.001 par value per share.

	Equity Offerings

	On October 8, 2013, we completed the sale of 4,000,000 common shares, $0.001 par value per shares, and on October 28, 2013, upon the underwriters' exercise of the over-allotment option, we completed the sale of 600,000 additional common shares, at a price to the public of $13.54 per share. Total net proceeds from the offering, including the over-allotment shares, and after deducting the underwriting discount and offering expenses, were approximately $59.7 million, which we contributed to the Operating Partnership in exchange for OP units. The Operating Partnership used the net proceeds from this offering for general corporate purposes, which included acquisitions of additional properties, the repayment of outstanding indebtedness, capital expenditures (including tenant improvements), the expansion, redevelopment and/or re-tenanting of properties in our portfolio, working capital and other general purposes.

	On June 19, 2013, we entered into five equity distribution agreements for an at-the-market distribution program. Pursuant to the terms and conditions of the agreements, we can issue and sell up to an aggregate of $50 million of our common shares. Actual sales will depend on a variety of factors to be determined by us from time to time, including (among others) market conditions, the trading price of our common shares, capital needs and our determinations of the appropriate sources of funding for us, and will be made in transactions that will be deemed to be “at-the-market” offerings as defined in Rule 415 under the Securities Act of 1933, as amended. We have no obligation to sell any of our common shares, and could at any time suspend offers under the agreements or terminate the agreements. During the three and six months ended June 30, 2014, we sold 377,983 common shares under the equity distribution program, with net proceeds to us of approximately $5.3 million. In connection with such sales, we paid compensation of $0.1 million to the sales agents. We had not sold any common shares under the equity distribution program as of June 30, 2013.

	Operating Partnership Units
	Substantially all of our business is conducted through our Operating Partnership. We are the sole general partner of the Operating Partnership. As of June 30, 2014, we owned a 98.0% interest in the Operating Partnership.

	Limited partners in the Operating Partnership holding OP units have the right to convert their OP units into cash or, at our option, common shares at a ratio of one OP unit for one common share. Distributions to OP unit holders are paid at the same rate per unit as distributions per share to holders of Whitestone common shares. As of June 30, 2014 and December 31, 2013, there were 23,029,349 and 22,384,970 OP units outstanding, respectively. We owned 22,563,091 and 21,822,878 OP units as of June 30, 2014 and December 31, 2013, respectively. The balance of the OP units is owned by third parties, including certain trustees. Our weighted average share ownership in the Operating Partnership was approximately 97.8% and 96.7% for the three months ended June 30, 2014 and 2013, respectively, and 97.7% and 96.5% for the six months ended June 30, 2014 and 2013, respectively. During the three months ended June 30, 2014 and 2013, 84,431 and 27,175 OP units, respectively, were redeemed for an equal number of common shares, and during the six months ended June 30, 2014 and 2013,
	95,834 and 105,604 OP units, respectively, were redeemed for an equal number of common shares.
	*Distributions*

	The following table summarizes the cash distributions paid or payable to holders of common shares and to holders of noncontrolling OP units during each quarter during 2013 and the six months ended June 30, 2014 (in thousands, except per share/unit data):



		Common Shares				Noncontrolling OP Unit Holders				Total
	Quarter Paid	Distributions Per Common Share		Total Amount Paid		Distributions Per OP Unit		Total Amount Paid		Total Amount Paid
	2014
	Second Quarter	$	0.285	$	6,367	$	0.285	$	152	$	6,519

	First Quarter	0.285		6,231		0.285		158		6,389

	Total	$	0.57	$	12,598	$	0.57	$	310	$	12,908


	2013
	Fourth Quarter	$	0.285	$	5,790	$	0.285	$	163	$	5,953

	Third Quarter	0.285		4,865		0.285		165		5,030

	Second Quarter	0.285		4,832		0.285		169		5,001

	First Quarter	0.285		4,807		0.285		194		5,001

	Total	$	1.14	$	20,294	$	1.14	$	691	$	20,985

Incentive_Share_Plan

Incentive Share Plan	6 Months Ended
	Jun. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Employee Incentive Share Plan	'
	INCENTIVE SHARE PLAN

	On July 29, 2008, our shareholders approved the 2008 Plan. On December 22, 2010, our board of trustees amended the 2008 Plan to allow for awards in or related to Class B common shares pursuant to the 2008 Plan. On June 27, 2012, our Class B common shares were redesignated as "common shares." The 2008 Plan, as amended, provides that awards may be made with respect to common shares of Whitestone or OP units, which may be converted into cash or, at our option, common shares of Whitestone. The maximum aggregate number of common shares that may be issued under the 2008 Plan is increased upon each issuance of common shares by Whitestone so that at any time the maximum number of shares that may be issued under the 2008 Plan shall equal 12.5% of the aggregate number of common shares of Whitestone and OP units issued and outstanding (other than shares and/or OP units issued to or held by Whitestone).

	The Compensation Committee of our board of trustees administers the 2008 Plan, except with respect to awards to non-employee trustees, for which the 2008 Plan is administered by our board of trustees. The Compensation Committee is authorized to grant share options, including both incentive share options and non-qualified share options, as well as share appreciation rights, either with or without a related option. The Compensation Committee is also authorized to grant restricted common shares, restricted common share units, performance awards and other share-based awards.

	On April 2, 2014, the terms of 633,704 awards for 51 of our employees which included time and performance-based restricted common shares and restricted common share units were modified to include time and performance-based vesting requirements. The modified time-based shares will vest annually in three equal installments. The modified performance-based restricted common shares and restricted common share units were modified to include performance-based vesting based on achievement of certain absolute financial goals, as well as one to two years of time-based vesting post achievement of financial goals. Continued employment is required through the applicable vesting date. Additionally, 2,049,116 restricted performance-based common share units were granted with the same vesting conditions as the modified performance-based grants described above. If the performance targets are not met prior to December 31, 2018, any unvested restricted common shares and restricted common units will be forfeited.
	A summary of the share-based incentive plan activity as of and for the six months ended June 30, 2014 is as follows:


			Shares		Weighted Average
					Grant Date
					Fair Value (1)
	Non-vested at January 1, 2014		759,711		$	13.69

	Granted		2,049,116		14.4

	Modified to new agreements		(633,704	)	13.88

	Modified from existing agreements		633,704		14.59

	Vested		(119,794	)	12.73

	Forfeited		(17,799	)	14.34

	Non-vested at June 30, 2014		2,671,234		$	14.44

	Available for grant at June 30, 2014		371,409



	(1)	The fair value of the common shares granted before trading of the common shares commenced on the NYSE MKT on August 26, 2010 were determined based on observable market transactions occurring near the date of the grants. The fair value of the common shares granted subsequent to August 26, 2010 was determined based on the fair value at the date of grant.

	A summary of our non-vested and vested shares activity for the six months ended June 30, 2014 and years ended December 31, 2013, 2012 and 2011 is presented below:


			Shares Granted				Shares Vested
			Non-Vested Shares Issued		Weighted Average Grant-Date Fair Value		Vested Shares		Total Vest-Date Fair Value
									(in thousands)
	Six months ended June 30, 2014		2,049,116		$	14.4	(119,794	)	$	1,524

	Year Ended December 31, 2013		328,005		15.43		(15,270	)	224

	Year Ended December 31, 2012		99,700		13.03		(16,208	)	223

	Year Ended December 31, 2011		—		—		(5,169	)	—


	Total compensation recognized in earnings for share-based payments was $1,234,000 and $311,000 for the three months ended June 30, 2014 and 2013, respectively, and $1,607,000 and $667,000 for the six months ended June 30, 2014 and 2013, respectively.

	Based on our current financial projections, we expect approximately 62% of the unvested awards to vest over the next 48 months. As of June 30, 2014, there was approximately $14.8 million in unrecognized compensation cost related to outstanding non-vested performance-based shares, which are expected to vest over a period of 48 months and approximately $1.0 million in unrecognized compensation cost related to outstanding non-vested time-based shares, which are expected to be recognized over a period of approximately 33 months beginning on July 1, 2014.

	We expect to record approximately $4.2 million in non-cash share-based compensation expense in 2014 and $13.4 million subsequent to 2014. The unrecognized share-based compensation cost is expected to vest over a weighted average period of 41 months. The dilutive impact of the performance-based shares will be included in the denominator of the earnings per share calculation beginning in the period that the performance conditions are expected to be met.

Grants_to_Trustees

Grants to Trustees	6 Months Ended
Grants to Trustees	Jun. 30, 2014
Grants to Trustees [Abstract]	'
Grants To Trustees	'
	GRANTS TO TRUSTEES

	On September 16, 2013, each of our five independent trustees was granted 1,500 common shares, which vested immediately. The 7,500 common shares granted to our five independent trustees had a grant date fair value of $14.52 per share. On January 31, 2014, three of our independent trustees elected to receive a total of 2,877 common shares with a grant date fair value of $13.62 in lieu of cash for board fees. The fair value of the shares granted were determined using quoted prices available on the date of grant.

Segment_Information

Segment Information	6 Months Ended
Segment Information	Jun. 30, 2014
Segment Reporting [Abstract]	'
Segment Information	'
	SEGMENT INFORMATION

	Historically, our management has not differentiated results of operations by property type or location and, therefore, does not present segment information.

Real_Estate

Real Estate	6 Months Ended
Real Estate	Jun. 30, 2014
Real Estate [Abstract]	'
Real Estate Disclosure	'
	REAL ESTATE

	Property Acquisitions. On December 5, 2013, we acquired Market Street at DC Ranch, a property that meets our Community Centered Property strategy, for approximately $37.4 million in cash and net prorations. The 241,280 square foot property was 80% leased at the time of purchase and is located in Scottsdale, Arizona.

	On October 17, 2013, we acquired a 2.50 acre parcel for $2.8 million in cash and net prorations. The parcel is located in Spring, Texas, a suburb of Houston, and is contiguous to our Corporate Park Woodland property. At the time of purchase, the parcel had 16,220 square feet and was 63% leased.

	On October 7, 2013, we acquired Fountain Hills Plaza, a property that meets our Community Centered Property strategy, for approximately $20.6 million in cash and net prorations. The 111,289 square foot property was 87% leased at the time of purchase and is located in Fountain Hills, Arizona, a suburb of Phoenix.

	On June 28, 2013, we acquired Anthem Marketplace, a property that meets our Community Centered Property strategy, for approximately $23.3 million in cash and net prorations. The 113,293 square foot property was 100% leased at the time of purchase and is located in Phoenix, Arizona. In the same purchase, we also acquired an adjacent development pad site of 0.83 acres.

	On June 19, 2013, we acquired Mercado at Scottsdale Ranch, a property that meets our Community Centered Property strategy, for approximately $21.3 million, including the assumption of a $11.1 million non-recourse loan, a $0.9 million interest rate supplement and cash of $9.3 million. The 118,730 square foot property was 100% leased at the time of purchase and is located in Scottsdale, Arizona.

	On March 28, 2013, we acquired Headquarters Village Shopping Center, a property that meets our Community Centered Property strategy, for approximately $25.7 million in cash and net prorations. The 89,134 square foot property was 100% leased at the time of purchase and is located in Plano, Texas.

Subsequent_Events

Subsequent Events	6 Months Ended
Subsequent Events	Jun. 30, 2014
Subsequent Events [Abstract]	'
Subsequent Events	'
	SUBSEQUENT EVENTS

	On July 1, 2014, we acquired Heritage Trace Plaza, a property that meets our Community Centered Property strategy, for approximately $20.1 million in cash and net prorations. The 70,431 square foot property was 98% leased at the time of purchase and is located in Fort Worth, Texas. Proceeds from the Facility of $20.0 million were used for the acquisition and our remaining borrowing capacity was $17.2 million, with an additional $50 million available upon the Operating Partnership's execution of the accordion option from the Facility, which accordion option is subject to customary closing conditions.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Basis of Consolidation	'
	Basis of Consolidation. We are the sole general partner of the Operating Partnership and possess full legal control and authority over the operations of the Operating Partnership. As of June 30, 2014 and December 31, 2013, we owned a majority of the partnership interests in the Operating Partnership. Consequently, the accompanying consolidated financial statements include the accounts of the Operating Partnership. All significant inter-company balances have been eliminated. Noncontrolling interests in the accompanying consolidated financial statements represents the share of equity and earnings of the Operating Partnership allocable to holders of partnership interests other than us. Net income or loss is allocated to noncontrolling interests based on the weighted average percentage ownership of the Operating Partnership during the period. Issuance of additional common shares of beneficial interest in Whitestone (the "common shares") and units of limited partnership interest in the Operating Partnership that are convertible into cash or, at our option, common shares on a one-for-one basis (the “OP units”) changes the ownership interests of both the noncontrolling interests and Whitestone.
Basis of Accounting	'
	Basis of Accounting. Our financial records are maintained on the accrual basis of accounting whereby revenues are recognized when earned and expenses are recorded when incurred.
Use of Estimates	'
	Use of Estimates. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates that we use include the estimated fair values of properties acquired, the estimated useful lives for depreciable and amortizable assets and costs, the estimated allowance for doubtful accounts, the estimated fair value of interest rate swaps and the estimates supporting our impairment analysis for the carrying values of our real estate assets. Actual results could differ from those estimates.
Reclassifications	'
	Reclassifications. We have reclassified certain prior period amounts in the accompanying consolidated financial statements in order to be consistent with the current period presentation. These reclassifications had no effect on net income, total assets, total liabilities or equity.
Marketable Securities	'
	Marketable Securities. We classify our existing marketable equity securities as available-for-sale in accordance with the Financial Accounting Standards Board's ("FASB") Investments-Debt and Equity Securities guidance. These securities are carried at fair value with unrealized gains and losses reported in equity as a component of accumulated other comprehensive income or loss. The fair value of the marketable securities is determined using Level 1 inputs under FASB Accounting Standards Codification ("ASC") 820, "Fair Value Measurements and Disclosures." Level 1 inputs represent quoted prices available in an active market for identical investments as of the reporting date. Gains and losses on securities sold are based on the specific identification method, and are reported as a component of interest, dividend and other investment income.
Derivative Instruments and Hedging Activities	'
	Derivative Instruments and Hedging Activities. We occasionally utilize derivative financial instruments, principally interest rate swaps, to manage our exposure to fluctuations in interest rates. We have established policies and procedures for risk assessment, and the approval, reporting and monitoring of derivative financial instruments. We recognize our interest rate swaps as cash flow hedges with the effective portion of the changes in fair value recorded in comprehensive income (loss) and subsequently reclassified into earnings in the period that the hedged transaction affects earnings. Any ineffective portion of a cash flow hedges' change in fair value is recorded immediately into earnings. Our cash flow hedges are determined using Level 2 inputs under ASC 820. Level 2 inputs represent quoted prices in active markets for similar assets or liabilities; quoted prices in markets that are not active; and model-derived valuations whose inputs are observable. As of June 30, 2014, we consider our cash flow hedges to be highly effective.
Development Properties	'
	Development Properties. Land, buildings and improvements are recorded at cost. Expenditures related to the development of real estate are carried at cost which includes capitalized carrying charges and development costs. Carrying charges, primarily interest, real estate taxes, loan fees, and direct and indirect development costs related to buildings under construction, are capitalized as part of construction in progress. The capitalization of such costs ceases when the property, or any completed portion, becomes available for occupancy. For the three months ended June 30, 2014, approximately $26,000 and $7,000 in interest expense and real estate taxes, respectively, were capitalized, and for the six months ended June 30, 2014, approximately $51,000 and $32,000 in interest expense and real estate taxes, respectively, were capitalized. For the three months ended June 30, 2013, approximately $33,000 and $25,000 in interest expense and real estate taxes, respectively, were capitalized, and for the six months ended June 30, 2013, approximately $69,000 and $49,000 in interest expense and real estate taxes, respectively, were capitalized.
Share-Based Compensation	'
	Share-Based Compensation. From time to time, we award nonvested restricted common share awards or restricted common share unit awards, which may be converted into common shares, to executive officers and employees under our 2008 Long-Term Equity Incentive Ownership Plan (the “2008 Plan”). The vast majority of the awarded shares and units vest when certain performance conditions are met. We recognize compensation expense when achievement of the performance conditions is probable based on management's most recent estimates using the fair value of the shares as of the grant date. We recognized $1,234,000 and $311,000 in share-based compensation for the three months ended June 30, 2014 and 2013, respectively, and we recognized $1,607,000 and $667,000 in share-based compensation for the six months ended June 30, 2014 and 2013, respectively
Noncontrolling Interests	'
	Noncontrolling Interests. Noncontrolling interests is the portion of equity in a subsidiary not attributable to a parent. The ownership interests not held by the parent are considered noncontrolling interests. Accordingly, we have reported noncontrolling interests in equity on the consolidated balance sheets but separate from Whitestone's equity. On the consolidated statements of operations, subsidiaries are reported at the consolidated amount, including both the amount attributable to Whitestone and noncontrolling interests. The consolidated statement of changes in equity is included for quarterly financial statements, including beginning balances, activity for the period and ending balances for shareholders' equity, noncontrolling interests and total equity.
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements. In July 2013, the FASB issued guidance permitting the Fed Funds Effective Swap Rate to be used as a U.S. benchmark interest rate for hedge accounting purposes under ASC 815 ("Derivatives and Hedging"), in addition to the interest rates on direct Treasury obligations of the U.S. government and LIBOR. This guidance is effective prospectively for qualifying new or redesignated hedging relationships entered into on or after July 17, 2013. We do not expect the pronouncement to have a significant impact on our consolidated financial statements.

Marketable_Securities_Tables

Marketable Securities (Tables)	6 Months Ended
	Jun. 30, 2014
Investments, Debt and Equity Securities [Abstract]	'
Schedule of Available-for-Sale Securities	'
	All of our marketable securities were classified as available-for-sale securities as of June 30, 2014 and December 31, 2013. Available-for-sale securities consisted of the following (in thousands):



		June 30, 2014
		Amortized Cost		Gains in Accumulated Other Comprehensive Income		Losses in Accumulated Other Comprehensive Income			Estimated Fair Value
	Real estate sector common stock	$	1,106	$	—	$	(124	)	$	982

	Total available-for-sale securities	$	1,106	$	—	$	(124	)	$	982





		December 31, 2013
		Amortized Cost		Gains in Accumulated Other Comprehensive Income		Losses in Accumulated Other Comprehensive Income			Estimated Fair Value
	Real estate sector common stock	$	1,106	$	—	$	(229	)	$	877

	Total available-for-sale securities	$	1,106	$	—	$	(229	)	$	877

Accrued_Rents_and_Accounts_Rec1

Accrued Rents and Accounts Receivable, Net (Tables)	6 Months Ended
	Jun. 30, 2014
Receivables [Abstract]	'
Schedule of Accrued Rent and Accounts Receivable, Net	'
	Accrued rents and accounts receivable, net consists of amounts accrued, billed and due from tenants, allowance for doubtful accounts and other receivables as follows (in thousands):



		June 30, 2014			December 31, 2013

	Tenant receivables	$	7,308		$	5,731

	Accrued rents and other recoveries	7,599			7,895

	Allowance for doubtful accounts	(4,591		)	(3,697		)
	Total	$	10,316		$	9,929

Unamortized_Leasing_Commission1

Unamortized Leasing Commissions and Loan Costs (Tables)	6 Months Ended
	Jun. 30, 2014
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]	'
Schedule of Unamortized Leasing Comissions and Loan Costs	'
	Costs which have been deferred consist of the following (in thousands):


		June 30, 2014			December 31, 2013

	Lease commissions	$	6,986		$	6,641

	Deferred financing cost	5,076			5,146

	Total cost	12,062			11,787

	Less: lease commissions accumulated amortization	(3,817		)	(3,629		)
	Less: deferred financing cost accumulated amortization	(2,335		)	(1,931		)
	Total cost, net of accumulated amortization	$	5,910		$	6,227

Debt_Tables

Debt (Tables)	6 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
Schedule of Debt	'
	Debt consisted of the following as of the dates indicated (in thousands):


	Description		June 30, 2014		December 31, 2013
	Fixed rate notes
	$10.5 million, LIBOR plus 2.00% Note, due September 24, 2018 (1)		$	10,500	$	10,500

	$50.0 million, 0.84% plus 1.75% to 2.50% Note, due February 3, 2017 (2)		50,000		50,000

	$37.0 million 3.76% Note, due December 1, 2020		36,550		37,000

	$6.5 million 3.80% Note, due January 1, 2019		6,434		6,500

	$20.2 million 4.28% Note, due June 6, 2023		20,200		20,200

	$1.0 million 4.75% Note, due December 31, 2014		1,000		1,087

	$16.5 million 4.97% Note, due September 26, 2023		16,450		16,450

	$15.1 million 4.99% Note, due January 6, 2024		15,060		15,060

	$9.2 million, Prime Rate less 2.00%, due December 29, 2017 (3)		7,882		7,875

	$11.1 million 5.87% Note, due August 6, 2016		11,754		11,900

	$3.0 million 6.00% Note, due March 31, 2021		—		2,905

	$0.9 million 2.97% Note, due November 28, 2014		493		—

	Floating rate notes
	Unsecured line of credit, LIBOR plus 1.75% to 2.50%, due February 3, 2017		87,800		84,800

			$	264,123	$	264,277



	(1)	Promissory note includes an interest rate swap that fixed the interest rate at 3.55% for the duration of the term.


	(2)	Promissory note includes an interest rate swap that fixed the LIBOR portion of our $50 million term loan under our unsecured credit facility at 0.84%.


	(3)	Promissory note includes an interest rate swap that fixed the interest rate at 5.72% for the duration of the term. As part of our acquisition of Paradise Plaza, we recorded a discount on the note of $1.3 million, which amortizes into interest expense over the life of the loan and results in an imputed interest rate of 4.13%.
Schedule of Maturities of Debt	'
	Scheduled maturities of our outstanding debt as of June 30, 2014 were as follows (in thousands):


	Year		Amount Due

	2014		$	2,200

	2015		1,820

	2016		13,229

	2017		147,926

	2018		11,856

	Thereafter		87,092

	Total		$	264,123

Derivatives_and_Hedging_Activi1

Derivatives and Hedging Activities (Tables)	6 Months Ended
	Jun. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Schedule of activity and fair value of interest rate swaps	'
	The fair value of our interest rate swaps is as follows (in thousands):


			Balance Sheet Location		Estimated Fair Value
	Interest rate swaps:
	30-Jun-14		Accounts payable and accrued expenses		$	1,352

	31-Dec-13		Accounts payable and accrued expenses		$	1,231

	A summary of our interest rate swap activity is as follows (in thousands):


			Amount Recognized as Comprehensive Income (Loss)				Location of Gain (Loss) Recognized in Earnings	Amount of Gain (Loss) Recognized in Earnings (1)
	Three months ended June 30, 2014		$	(259	)		Interest expense	$	(192	)
	Three months ended June 30, 2013		$	761			Interest expense	$	(88	)


	Six months ended June 30, 2014		$	(297	)		Interest expense	$	(382	)
	Six months ended June 30, 2013		$	493			Interest expense	$	(176	)



	(1)	We did not recognize any ineffective portion of our interest rate swaps in earnings for the three or six months ended June 30, 2014 and 2013.

Earnings_Loss_Per_Share_Tables

Earnings (Loss) Per Share (Tables)	6 Months Ended
	Jun. 30, 2014
Earnings Per Share [Abstract]	'
Schedule of Earnings Per Share	'


		Three Months Ended June 30,						Six Months Ended June 30,
	(in thousands, except per share data)	2014			2013			2014			2013
	Numerator:
	Net income	$	1,280		$	1,003		$	3,712		$	1,989

	Less: Net income attributable to noncontrolling interests	(27		)	(33		)	(87		)	(70		)
	Distributions paid on unvested restricted shares	(54		)	(11		)	(73		)	(22		)
	Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	1,199		$	959		$	3,552		$	1,897


	Denominator:
	Weighted average number of common shares - basic	22,235			16,891			22,030			16,855

	Effect of dilutive securities:
	Unvested restricted shares	208			220			162			218

	Weighted average number of common shares - dilutive	22,443			17,111			22,192			17,073


	Earnings Per Share:
	Basic:
	Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	0.05		$	0.06		$	0.16		$	0.11

	Diluted:
	Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	0.05		$	0.06		$	0.16		$	0.11

Equity_Tables

Equity (Tables)	6 Months Ended
	Jun. 30, 2014
Stockholders' Equity Note [Abstract]	'
Schedule of Distributions	'
	The following table summarizes the cash distributions paid or payable to holders of common shares and to holders of noncontrolling OP units during each quarter during 2013 and the six months ended June 30, 2014 (in thousands, except per share/unit data):



		Common Shares				Noncontrolling OP Unit Holders				Total
	Quarter Paid	Distributions Per Common Share		Total Amount Paid		Distributions Per OP Unit		Total Amount Paid		Total Amount Paid
	2014
	Second Quarter	$	0.285	$	6,367	$	0.285	$	152	$	6,519

	First Quarter	0.285		6,231		0.285		158		6,389

	Total	$	0.57	$	12,598	$	0.57	$	310	$	12,908


	2013
	Fourth Quarter	$	0.285	$	5,790	$	0.285	$	163	$	5,953

	Third Quarter	0.285		4,865		0.285		165		5,030

	Second Quarter	0.285		4,832		0.285		169		5,001

	First Quarter	0.285		4,807		0.285		194		5,001

	Total	$	1.14	$	20,294	$	1.14	$	691	$	20,985

Incentive_Share_Plan_Tables

Incentive Share Plan (Tables)	6 Months Ended
	Jun. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Schedule of Share-Based Incentive Plan Activity	'
	A summary of the share-based incentive plan activity as of and for the six months ended June 30, 2014 is as follows:


			Shares		Weighted Average
					Grant Date
					Fair Value (1)
	Non-vested at January 1, 2014		759,711		$	13.69

	Granted		2,049,116		14.4

	Modified to new agreements		(633,704	)	13.88

	Modified from existing agreements		633,704		14.59

	Vested		(119,794	)	12.73

	Forfeited		(17,799	)	14.34

	Non-vested at June 30, 2014		2,671,234		$	14.44

	Available for grant at June 30, 2014		371,409



	(1)	The fair value of the common shares granted before trading of the common shares commenced on the NYSE MKT on August 26, 2010 were determined based on observable market transactions occurring near the date of the grants. The fair value of the common shares granted subsequent to August 26, 2010 was determined based on the fair value at the date of grant.
Schedule of Nonvested and Vested Shares Activity	'
	A summary of our non-vested and vested shares activity for the six months ended June 30, 2014 and years ended December 31, 2013, 2012 and 2011 is presented below:


			Shares Granted				Shares Vested
			Non-Vested Shares Issued		Weighted Average Grant-Date Fair Value		Vested Shares		Total Vest-Date Fair Value
									(in thousands)
	Six months ended June 30, 2014		2,049,116		$	14.4	(119,794	)	$	1,524

	Year Ended December 31, 2013		328,005		15.43		(15,270	)	224

	Year Ended December 31, 2012		99,700		13.03		(16,208	)	223

	Year Ended December 31, 2011		—		—		(5,169	)	—

Interim_Financial_Statements_D

Interim Financial Statements (Details)	1 Months Ended
	Jul. 31, 2004	Jun. 30, 2014
		Wholly Owned Properties [Member]
		CommercialProperties
Real Estate Properties [Line Items]	'	'
Reorganization and conversion, number of common shares (in shares)	1.42857	'
Number of commercial properties (in commercial properties)	'	60

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Details) (USD $)	3 Months Ended				6 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Mar. 31, 2014	Jun. 30, 2013	Mar. 31, 2013	Jun. 30, 2014	Jun. 30, 2013
Accounting Policies [Abstract]	'	'	'	'	'	'
Conversion basis for common shares to OP units	1	'	'	'	1	'
Interest expense capitalized	$26	'	$33	'	$51	$69
Real estate tax capitalized	7	'	25	'	32	49
Share-based compensation	$1,234	$1,607	$311	$667	$1,564	$667

Marketable_Securities_Details

Marketable Securities (Details) (USD $)	3 Months Ended	6 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Schedule of Available-for-sale Securities [Line Items]	'	'	'	'
Amortized Cost	'	$1,106	'	$1,106
Gains in Accumulated Other Comprehensive Income	'	0	'	0
Losses in Accumulated Other Comprehensive Income	'	-124	'	-229
Estimated Fair Value	'	982	'	877
Proceeds from sales of marketable securities	'	0	747	'
Gross realized gains	44	'	'	'
Gross realized losses	3	'	'	'
Unrealized holding gain (loss) on available-for-sale securities	'	-124	-194	'
Real Estate Common Stock [Member]	'	'	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'	'	'
Amortized Cost	'	1,106	'	1,106
Gains in Accumulated Other Comprehensive Income	'	0	'	0
Losses in Accumulated Other Comprehensive Income	'	-124	'	-229
Estimated Fair Value	'	$982	'	$877

Accrued_Rents_and_Accounts_Rec2

Accrued Rents and Accounts Receivable, Net (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Receivables [Abstract]	'	'
Tenant receivables	$7,308	$5,731
Accrued rents and other recoveries	7,599	7,895
Allowance for doubtful accounts	-4,591	-3,697
Total	$10,316	$9,929

Unamortized_Leasing_Commission2

Unamortized Leasing Commissions and Loan Costs (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]	'	'
Lease commissions	$6,986	$6,641
Deferred financing cost	5,076	5,146
Total cost	12,062	11,787
Less: lease commissions accumulated amortization	-3,817	-3,629
Less: deferred financing cost accumulated amortization	-2,335	-1,931
Total cost, net of accumulated amortization	$5,910	$6,227

Debt_Schedule_of_Debt_Details

Debt (Schedule of Debt) (Details) (USD $)

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Aug. 08, 2012

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Feb. 04, 2013

Jun. 30, 2014

Fixed rate notes

Floating rate notes

Interest rate swap

Term loan

$10.5 million, LIBOR plus 2.00% Note, due September 24, 2018 (1)

$50.0 million, 0.84% plus 1.75% to 2.50% Note, due February 3, 2017 (2)

$37.0 million 3.76% Note, due December 1, 2020

$6.5 million 3.80% Note, due January 1, 2019

$20.2 million 4.28% Note, due June 6, 2023

$1.0 million 4.75% Note, due December 31, 2014

$16.5 million 4.97% Note, due September 26, 2023

$15.1 million 4.99% Note, due January 6, 2024

$9.2 million, Prime Rate less 2.00%, due December 29, 2017 (3)

$11.1 million 5.87% Note, due August 6, 2016

$3.0 million 6.00% Note, due March 31, 2021

$0.9 million 2.97% Note, due November 28, 2014

$50.0 million, 0.84% plus 1.75% to 2.50% Note, due February 3, 2017 (2)

Unsecured line of credit, LIBOR plus 1.75% to 2.50%, due February 3, 2017

$10.5 million, LIBOR plus 2.00% Note, due September 24, 2018 (1)

$9.2 million, Prime Rate less 2.00%, due December 29, 2017 (3)

Unsecured line of credit, LIBOR plus 1.75% to 2.50%, due February 3, 2017

London Interbank Offered Rate (LIBOR)

Prime Rate

London Interbank Offered Rate (LIBOR)

Minimum

Maximum

London Interbank Offered Rate (LIBOR)

Minimum

Maximum

London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Notes payable

$264,123,000

$264,277,000

$10,500,000

$50,000,000

$36,550,000

$37,000,000

$6,434,000

$6,500,000

$20,200,000

$1,000,000

$1,087,000

$16,450,000

$15,060,000

$7,882,000

$7,875,000

$11,754,000

$11,900,000

$2,905,000

$493,000

$87,800,000

$84,800,000

Stated interest rate

0.84%

3.76%

3.80%

4.28%

4.97%

4.99%

5.87%

6.00%

2.97%

3.55%

5.72%

0.84%

Face amount of debt

10,500,000

50,000,000

37,000,000

6,500,000

20,200,000

16,500,000

15,100,000

9,200,000

11,100,000

3,000,000

700,000

50,000,000

Description of variable rate basis

'LIBOR

'Prime

'LIBOR

Basis spread on variable rate

2.00%

1.75%

2.50%

1.75%

2.50%

Debt Instrument, Unamortized Discount

$1,300,000

Imputed interest rate

4.13%

Debt_Narrative_Details

Debt (Narrative) (Details) (USD $)

Jun. 30, 2014

Dec. 31, 2013

Jun. 19, 2013

Feb. 04, 2013

31-May-13

Dec. 23, 2013

Sep. 26, 2013

Sep. 24, 2013

31-May-13

Jun. 30, 2014

Feb. 04, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 16, 2013

Sep. 26, 2013

Nov. 26, 2013

CollateralizedProperties

Mercado at Scottsdale Ranch [Member]

Credit Facility

Term loan

Refinanced Debt

Woodlake Note [Member]

Uptown Note [Member]

Terravita Note [Member]

Pinnacle Note [Member]

Unsecured line of credit, LIBOR plus 1.75% to 2.50%, due February 3, 2017

Anthem Note [Member]

Industrial Note [Member]

Floating Rate Loan [Member]

Fixed Rate Indebtedness [Member]

Base Rate [Member]

London Interbank Offered Rate (LIBOR)

Credit Facility

Floating rate notes

Term loan

London Interbank Offered Rate (LIBOR)

Minimum

Maximum

Debt Instrument [Line Items]

Face amount of debt

$11,100,000

$50,000,000

$14,100,000

$6,500,000

$16,500,000

$10,500,000

$20,200,000

$50,000,000

$15,100,000

$37,000,000

Stated interest rate

5.87%

5.70%

3.80%

4.97%

4.28%

0.84%

4.99%

3.76%

Extinguishment of debt

26,900,000

10,100,000

Interest supplement assumed with acquisition of real estate

932,000

Imputed interest rate

3.05%

Secured debt

125,800,000

Number of collateralized properties (in collateralized properties)

Carrying value of collateralized properties

157,600,000

Credit facility, maximum borrowing capacity

125,000,000

Credit facility, expanded maximum borrowing capacity

225,000,000

Description of variable rate basis

'Base Rate

'LIBOR

Basis spread on variable rate

0.50%

1.00%

2.00%

1.75%

2.50%

Line of credit outstanding

137,800,000

Credit facility, remaining borrowing capacity

37,200,000

Notes payable

$264,123,000

$264,277,000

$87,800,000

$84,800,000

Debt_Schedule_of_Maturities_of

Debt (Schedule of Maturities of Debt) (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Debt Disclosure [Abstract]	'	'
2014	$2,200	'
2015	1,820	'
2016	13,229	'
2017	147,926	'
2018	11,856	'
Thereafter	87,092	'
Total	$264,123	$264,277

Derivatives_and_Hedging_Activi2

Derivatives and Hedging Activities (Details) (Interest Rate Swaps [Member], USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Nov. 01, 2013	Mar. 08, 2013	Jun. 30, 2014	Dec. 31, 2013
	Interest Expense [Member]	Interest Expense [Member]	Interest Expense [Member]	Interest Expense [Member]	Cash Flow Hedging [Member]	Cash Flow Hedging [Member]	Accounts Payable and Accrued Expenses [Member]	Accounts Payable and Accrued Expenses [Member]
Derivative [Line Items]	'	'	'	'	'	'	'	'
Estimated Fair Value	'	'	'	'	'	'	$1,352,000	$1,231,000
Face amount of debt	'	'	'	'	10,500,000	50,000,000	'	'
Fixed interest rate	'	'	'	'	1.55%	0.84%	'	'
Amount Recognized as Comprehensive Income (Loss)	-259,000	761,000	-297,000	493,000	'	'	'	'
Amount of Gain (Loss) Recognized in Earnings	($192,000)	($88,000)	($382,000)	($176,000)	'	'	'	'

Earnings_Loss_Per_Share_Detail

Earnings (Loss) Per Share (Details) (USD $)	3 Months Ended		6 Months Ended
Earnings (Loss) Per Share (Details) (USD $)	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Numerator:	'	'	'	'
Net income	$1,280,000	$1,003,000	$3,712,000	$1,989,000
Less: Net income attributable to noncontrolling interests	-27,000	-33,000	-87,000	-70,000
Distributions paid on unvested restricted shares	-54,000	-11,000	-73,000	-22,000
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	1,199,000	959,000	3,552,000	1,897,000
Denominator:	'	'	'	'
Weighted average number of common shares - basic (in shares)	22,235,000	16,891,000	22,030,000	16,855,000
Effect of dilutive securities:	'	'	'	'
Unvested restricted shares (in shares)	208,000	220,000	162,000	218,000
Weighted average number of common shares - dilutive (in shares)	22,443,000	17,111,000	22,192,000	17,073,000
Basic:	'	'	'	'
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$0.05	$0.06	$0.16	$0.11
Diluted:	'	'	'	'
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$0.05	$0.06	$0.16	$0.11
OP Units [Member]	'	'	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'	'	'
OP units excluded from diluted earnings per share because their effect would be anti-dilutive	506,513	585,621	530,961	618,904
Restricted Stock [Member]	'	'	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'	'	'
Distributions to holders of certain restricted common shares	78,000	45,000	116,000	90,000
Distributions to holders of certain restricted common shares charged against earnings	$25,000	$34,000	$44,000	$68,000

Income_Taxes_Details

Income Taxes (Details) (Texas [Member], USD $)	3 Months Ended		6 Months Ended
Income Taxes (Details) (Texas [Member], USD $)	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Texas [Member]	'	'	'	'
Income Tax Contingency [Line Items]	'	'	'	'
Applicable tax rate used to determine state margin tax	'	'	1.00%	'
Standard deduction rate used to determine state margin tax	'	'	30.00%	'
Margin tax provision recognized	$42,000	$64,000	$109,000	$124,000

Equity_Details

Equity (Details) (USD $)

0 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

12 Months Ended

3 Months Ended

6 Months Ended

12 Months Ended

3 Months Ended

6 Months Ended

12 Months Ended

6 Months Ended

Oct. 08, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Jun. 30, 2014

Mar. 31, 2014

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Mar. 31, 2014

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Mar. 31, 2014

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 19, 2013

Jun. 30, 2014

Oct. 08, 2013

Preferred Stock [Member]

OP Units [Member]

Cash Distribution [Member]

ATM Program [Member]

Over-Allotment Option [Member]

Common Stock [Member]

OP Units [Member]

Common Stock [Member]

Class of Stock [Line Items]

Common shares, authorized (in shares)

400,000,000

Common shares, par value per share (in dollars per share)

$0.00

Preferred shares, shares authorized (in shares)

50,000,000

Preferred shares, par value per share (in dollars per share)

$0.00

Equity distribution agreements, authorized amount

$50,000,000

Compensation to sales agents

6,000

23,000

100,000

Common shares, issued (in shares)

4,000,000

22,683,913

21,943,700

600,000

Share price of equity offering

$13.54

Proceeds from issuance of common shares, net of offering costs

59,700,000

5,267,000

Ownership interest in operating partnership

98.00%

Conversion basis for common shares to OP units

OP units outstanding (in shares)

23,029,349

22,384,970

OP units owned (in shares)

22,563,091

21,822,878

Weighted-average share ownership in operating partnership

97.80%

96.70%

97.70%

96.50%

Cash distribution paid (in dollars per share)

$0.28

$0.57

$1.14

$0.28

$0.57

$1.14

Cash distribution paid

6,519,000

6,389,000

5,953,000

5,030,000

5,001,000

12,908,000

20,985,000

6,367,000

6,231,000

5,790,000

4,865,000

4,832,000

4,807,000

12,598,000

20,294,000

152,000

158,000

163,000

165,000

169,000

194,000

310,000

691,000

Conversion of stock, shares converted (in shares)

84,431

27,175

95,834

105,604

Development Stage Entities, Stock Issued, Shares, Issued for Cash

377,983

Proceeds from Issuance or Sale of Equity

$5,300,000

Incentive_Share_Plan_Narrative

Incentive Share Plan (Narrative) (Details) (USD $)

3 Months Ended

6 Months Ended

0 Months Ended

6 Months Ended

0 Months Ended

6 Months Ended

Jun. 30, 2014

Mar. 31, 2014

Jun. 30, 2013

Mar. 31, 2013

Jun. 30, 2014

Jun. 30, 2013

Apr. 02, 2014

Jun. 30, 2014

Apr. 02, 2014

Jun. 30, 2014

Dec. 22, 2010

Minimum

Maximum

Restricted Common Shares and Restricted Share Units [Member]

Performance Shares [Member]

Non-Vested Time Based Shares [Member]

Non-Cash Share Based Compensation in 2014 [Member]

Non-Cash Share Based Compensation Subsequent to 2014 [Member]

2008 Long-Term Equity Incentive Ownership Plan [Member]

Time-Based Vesting [Member]

Time and Performance-Based Vesting [Member]

Performance Vesting [Member]

employee

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Percentage of maximum number of shares issued under plan to aggregate shares

12.50%

Number of employees granted an award

Share-based compensation

$1,234,000

$1,607,000

$311,000

$667,000

$1,564,000

$667,000

Aggregate shares granted (in shares)

633,704

2,049,116

Vesting percentage

62.00%

Unrecognized compensation cost

$14,800,000

$1,000,000

$4,200,000

$13,400,000

Award vesting period

'1 year

'2 years

'48 months

Unrecognized compensation cost, period for recognition

'33 months

'41 months

Incentive_Share_Plan_Schedule_

Incentive Share Plan (Schedule of Share-Based Incentive Plan Activity) (Details) (2008 Long-Term Equity Incentive Ownership Plan [Member], USD $)	6 Months Ended	12 Months Ended
	Jun. 30, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
2008 Long-Term Equity Incentive Ownership Plan [Member]	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]	'	'	'	'
Shares, Non-vested (in shares)	759,711	'	'	'
Weighted-Average Grant Date Fair Value, Non-vested (in dollars per share)	$13.69	'	'	'
Shares, Granted (in shares)	2,049,116	328,005	99,700	0
Weighted-Average Grant Date Fair Value, Granted (in dollars per share)	$14.40	$15.43	$13.03	$0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Modified to New Agreements	-633,704	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Modified to New Agreements, Weighted Average Grant Date Fair Value	$13.88	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Modified from Existing Agreements	633,704	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Modified from Existing Agreements, Weighted Average Grant Date Fair Value	$14.59	'	'	'
Shares, Vested (in shares)	-119,794	-15,270	-16,208	-5,169
Weighted-Average Grant Date Fair Value, Vested (in dollars per share)	$12.73	'	'	'
Shares, Forfeited (in shares)	-17,799	'	'	'
Weighted-Average Grant Date Fair Value, Forfeited (in dollars per share)	$14.34	'	'	'
Shares, Non-vested (in shares)	2,671,234	759,711	'	'
Weighted-Average Grant Date Fair Value, Non-vested (in dollars per share)	$14.44	$13.69	'	'
Shares, Available for grant (in shares)	371,409	'	'	'

Incentive_Share_Plan_Schedule_1

Incentive Share Plan (Schedule of Nonvested and Vested Shares Activity) (Details) (2008 Long-Term Equity Incentive Ownership Plan [Member], USD $)	6 Months Ended	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
2008 Long-Term Equity Incentive Ownership Plan [Member]	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Shares, Granted, Non-Vested Shares Isused (in shares)	2,049,116	328,005	99,700	0
Shares Granted, Weighted-Average Grant Date Fair Value, Granted (in dollars per share)	$14.40	$15.43	$13.03	$0
Shares, Vested (in shares)	-119,794	-15,270	-16,208	-5,169
Shares Vested, Total Vest-Date Fair Value	$1,524	$224	$223	$0

Grants_to_Trustees_Details

Grants to Trustees (Details) (Individual Trustee Grant Agreements [Member], Stock Options [Member], USD $)	0 Months Ended
	Jan. 31, 2014	Sep. 16, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Number of independent trustees (in trustees)	3	5
Common Stock [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Restricted stock granted to each trustee (in shares)	2,877	1,500
Restricted stock granted to trustees, vested in period (in shares)	'	7,500
Restricted stock granted to trustees, weighted-average grant date fair value (in dollars per share)	$13.62	$14.52

Real_Estate_Details

Real Estate (Details) (USD $)	0 Months Ended	6 Months Ended		0 Months Ended
	Dec. 05, 2013	Jun. 30, 2014	Jun. 30, 2013	Oct. 17, 2013	Jun. 28, 2013	Oct. 07, 2013	Jun. 19, 2013	Mar. 28, 2013	Jun. 19, 2013
	sqft			Anthem Marketplace [Member]	Anthem Marketplace [Member]	Fountain Hills Plaza [Member]	Mercado at Scottsdale Ranch [Member]	Headquarters Village Shopping Center [Member]	Interest Rate Supplement [Member]
				sqft	acre	sqft	sqft	sqft	Mercado at Scottsdale Ranch [Member]
				acre	sqft
Real Estate [Line Items]	'	'	'	'	'	'	'	'	'
Payments to acquire property	$37,400,000	$0	$58,403,000	$2,800,000	$23,300,000	$20,600,000	$9,300,000	$25,700,000	'
Gross leasable area (in square feet)	241,280	'	'	16,220	113,293	111,289	118,730	89,134	'
Property percentage occupied	80.00%	'	'	63.00%	100.00%	87.00%	100.00%	100.00%	'
Area of land (in acres)	'	'	'	2.5	0.83	'	'	'	'
Property acquisitions, purchase price	'	'	'	'	'	'	21,300,000	'	'
Face amount of debt	'	'	'	'	'	'	$11,100,000	'	$900,000

Subsequent_Events_Details

Subsequent Events (Details) (USD $)	0 Months Ended	6 Months Ended					0 Months Ended
	Dec. 05, 2013	Jun. 30, 2014	Jun. 30, 2013	Feb. 04, 2013	Jul. 01, 2014	Jul. 01, 2014	Jul. 01, 2014	Jul. 01, 2014
	sqft			Term loan	Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]
					Credit Facility	Term loan	Heritage Trace Plaza [Member]	Heritage Trace Plaza [Member]
								sqft
Subsequent Event [Line Items]	'	'	'	'	'	'	'	'
Payments to acquire property	$37,400,000	$0	$58,403,000	'	'	'	$20,100,000	'
Gross leasable area (in square feet)	241,280	'	'	'	'	'	'	70,431
Property percentage occupied	80.00%	'	'	'	'	'	'	98.00%
Line of credit outstanding	'	'	'	'	20,000,000	'	'	'
Credit facility, remaining borrowing capacity	'	'	'	'	17,200,000	'	'	'
Face amount of debt	'	'	'	$50,000,000	'	$50,000,000	'	'