Restoration efforts to maintain oak-dominated habitats and enhance biodiversity often employ selective thinning, but its long-term effect on multiple taxa remains unclear. This study examines the effects of halo thinning around pedunculate oak on epiphytic and tree-related microhabitat (TreM) diversity in the boreal–nemoral forest zone. We revisited nine sites in Latvia with 150–331-year-old oaks, where thinning was conducted in 2003–2004. Epiphyte species composition and cover were assessed, and TreMs were evaluated using standardised methods. Diversity indices (Hill numbers, q = 0; 1; 2; 3) and statistical models (LMMs, Poisson GLMMs) were used to analyse the effects of thinning on species richness and TreM occurrence. Halo thinning over the past 20 years has not caused significant differences in epiphyte or TreM diversity, though managed trees exhibited a higher occurrence of the most common microhabitats. These findings suggest halo thinning may enhance specific TreM features but do not substantially promote epiphyte and TreM diversity. Future research should implement systematic monitoring, deriving the relationships between the conditions after the thinning and their effects, thus serving as the basis for adaptive habitat management strategies. Expanding the scope of such studies is essential for developing evidence-based forest management strategies.