other material
confidence high
sentiment neutral
materiality 0.60
Presidio Q3 model home update: bought 7 Texas homes for ~$4M, sold 4 for ~$2.4M
Presidio Property Trust, Inc.
- Acquired 7 model homes in Texas for ~$4M total, with ~$2.8M mortgage notes and ~$1.2M cash.
- Sold 4 model homes for ~$2.4M; these were originally acquired for ~$2.1M between 2019 and 2022.
- Model homes account for approximately 30% of Presidio's total real estate assets.
- President Steve Hightower cited strong builder relationships as key to brisk resale activity.