Presidio Property Trust Announces Closing of $1.74 Million Public Offering of Series D Preferred Stock

Company Overview - Presidio Property Trust is an internally managed, diversified real estate investment trust (REIT) with holdings in model home properties, office, industrial, and retail properties [5] - The company leases model homes to homebuilders in states including Arizona, Illinois, Texas, Wisconsin, and Florida, while its office, industrial, and retail properties are primarily located in Colorado, with additional properties in Maryland, North Dakota, Texas, and Southern California [5] - Presidio owns approximately 6.5% of the outstanding common stock of Conduit Pharmaceuticals Inc., a clinical-stage life science company [5] Recent Offering - Presidio Property Trust announced the closing of its public offering of 109,054 shares of its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock at a price of $16.00 per share, resulting in gross proceeds of approximately $1.74 million before deducting underwriting discounts and offering expenses [2] - A shelf registration statement related to the Series D Preferred Stock was filed with the SEC on April 26, 2024, and was declared effective on May 17, 2024 [3] Investor Relations - The Benchmark Company, LLC acted as the sole bookrunning manager for the offering [1] - For more information, investors can contact Presidio's Investor Relations through provided email and telephone details [7][8]