Presidio Property Trust acquires 7 model homes for $3.5M, sells 15 for $8.1M in Q2 2024

Presidio Property Trust, Inc.

Acquired 7 newly constructed single-family model homes in Texas for ~$3.5M total, with $2.4M mortgages and $1.1M cash.
Sold 15 model homes during Q2 2024 for total of ~$8.1M.
Acquired homes are leased back to homebuilders on a triple-net basis.
President Steve Hightower noted brisk sales despite affordability and higher interest rate headwinds.

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