Presidio Property Trust Provides Update On Model Home Activity In Q3 2024; Says 7 Homes Were Purchased For A Total Of ~$4M, With Mortgage Notes Payable Of ~$2.8M, And ~$1.2M In Cash. They Are Then Leased Back To The Homebuilders On A Triple-Net Basis. Additionally, During Q3 2024, Through Subsidiary And Affiliate Entities, Sold 4 Homes For A Total Of ~$2.4M. These Homes Were Purchased Between 2019 And 2022 With A Total Acquisition Price Of ~$2.1M. Model Homes Account For ~30% Of Our Real Estate Assets

(NASDAQ:SQFT, SQFTP, SQFTW))))) Presidio Property Trust, Inc. ("Presidio" or the "Company"), an internally managed, diversified real estate investment trust ("REIT") announced that in third quarter of 2024, through subsidiary and affiliate entities, it acquired seven newly constructed single-family model home properties located in Texas. These seven homes were purchased for a total of approximately $4 million, with mortgage notes payable of approximately $2.8 million, and approximately $1.2 million in cash. They are then leased back to the homebuilders on a triple-net basis. Additionally, during the third quarter of 2024, through subsidiary and affiliate entities, we sold four homes for a total of approximately $2.4 million. These homes were purchased between 2019 and 2022 with a total acquisition price of approximately $2.1 million. Model homes account for approximately 30% of our real estate assets.