On August 9, 2018, the Board of Trustees of Pillarstone Capital REIT elected Kathy M. Jassem as a Class III Trustee to serve until the 2020 annual meeting of shareholders or until her successor is duly elected and qualified or her earlier resignation or removal, with Ms. Jassem's service to begin immediately. Ms. Jassem replaced Daryl J. Carter as a member of the Board who resigned for personal reasons and confirmed that he had no disagreements with the Company, its trustees or management. Ms. Jassem, 67, is currently working in the New Jersey Division of Investment, where she manages real estate portfolios totaling more than $1 billion in assets.