secwatch.observer — SEC 8-K summary
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Issuer:     Presidio Property Trust, Inc. (SQFT)
CIK:        0001080657
Form:       8-K
Filed at:   2024-10-17T23:59:59+00:00
Accession:  0001493152-24-041417
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Presidio Q3 model home update: bought 7 Texas homes for ~$4M, sold 4 for ~$2.4M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1080657/000149315224041417/0001493152-24-041417-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1080657/000149315224041417/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-041417

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer