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

Group 1 - Presidio Property Trust, a diversified real estate investment trust (REIT), closed a 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 expenses [1] - The offering was registered with the SEC under a shelf registration statement filed on April 26, 2024, and declared effective on May 17, 2024 [2] - The Benchmark Company, LLC acted as the sole bookrunning manager for the offering [5] Group 2 - Presidio Property Trust is internally managed and holds a diversified portfolio including model home properties leased to homebuilders, as well as office, industrial, and retail properties primarily located in Colorado [6] - The company owns approximately 6.5% of the outstanding common stock of Conduit Pharmaceuticals Inc., a clinical-stage life science company [6]