litigation
confidence high
sentiment negative
materiality 0.75
Presidio Property Trust subsidiary defaults on $17.7M note; court appoints receiver for Shea Center II
Presidio Property Trust, Inc.
- Wells Fargo issued Default Notice on Jan 21, 2026 for failure to repay $17,727,500 note due Jan 5, 2026.
- On Feb 13, 2026, court appointed Trigild IVL as receiver over Shea Center II property in Douglas County, CO.
- Presidio and subsidiary are enjoined from collecting rents and must turn over all property-derived sums to receiver.
- Receiver has full power to operate, manage, and preserve the property; monies applied per court order.