secwatch.observer — SEC 8-K summary
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Issuer:     Presidio Property Trust, Inc. (SQFT)
CIK:        0001080657
Form:       8-K
Filed at:   2026-02-18T23:59:59+00:00
Accession:  0001493152-26-007357
Event type: litigation
Sentiment:  negative
Materiality: 0.75
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Presidio Property Trust subsidiary defaults on $17.7M note; court appoints receiver for Shea Center II
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1080657/000149315226007357/0001493152-26-007357-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1080657/000149315226007357/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-007357

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