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Presidio Property Trust Provides Update on Model Home Activity in Q2 2025
Globenewswire· 2025-07-09 12:50
Core Insights - Presidio Property Trust, Inc. reported the sale of seven homes for approximately $3.5 million in Q2 2025, with total acquisition costs of about $3.2 million for these homes [1] - The company acquired 10 homes for around $5.2 million, located in Texas, Alabama, and Tennessee, expanding its portfolio [1] - Model homes constitute approximately 34% of Presidio's net real estate assets and 24% of its rental revenue, with 68 out of 87 model homes wholly owned as of June 30, 2025 [1] Acquisition Strategy - The company has successfully identified and executed acquisition opportunities in Sun Belt states, enhancing geographical diversification [2] - This strategic move is part of Presidio's managed growth plan in collaboration with a nationally recognized builder [2] Company Overview - Presidio is an internally managed, diversified REIT with holdings primarily in model home properties leased to homebuilders, as well as office, industrial, and retail properties [3] - The model homes are mainly located in Sun Belt states, while office and retail properties are concentrated in Colorado, with additional locations in Maryland, North Dakota, Texas, and Southern California [3]
Toll Brothers Opens Stella at University Park Model Homes in Palm Desert, California
Globenewswire· 2025-06-11 19:07
Model Grand Opening event on June 14 will showcase this exclusive community with access to robust amenities in sought-after Palm DesertPALM DESERT, Calif., June 11, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE: TOL), the nation’s leading builder of luxury homes, announced the grand opening of three new model homes at its Stella at University Park community in Palm Desert, California. The public is invited to attend the community’s Model Grand Opening event on Saturday, June 14 from 10 a.m. to 2 p.m. l ...