Company: SQFTP
Filing Date: 2025-12-09
Form Type: S-8
Source: 0001493152-25-026716
Chunk: 10

Company: Presidio Property Trust, Inc.
Filing Date: 2025-12-09
Form: S-8
Chunk 10
---
 During the
nine months ended September 30, 2024, the Company acquired 19 model homes for approximately $9.7 million.
The purchase price was paid through cash payments of approximately $3.0 million and mortgage notes of approximately $6.7
million. During this period, the Company sold 46 model homes for approximately $22.3 million, net of sales costs, and recognized
a gain of approximately $3.2 million.

During the year ended December
31, 2024, we acquired 19 model homes and leased them back to the homebuilders under triple net leases. The purchase price for these properties
was $9.7 million. The purchase price consisted of cash payments of $3.0 million and mortgage notes of $6.7 million. During this period,
we sold 51 model homes for approximately $24.8 million and recognized a gain of approximately $3.4 million. During the year ended December
31, 2023, we acquired 40 model homes and leased them back to the homebuilders under triple net leases. The purchase price for the properties
was $21.9 million. The purchase price consisted of cash payments of $6.6 million and mortgage notes of $15.3 million. During this period,
we sold 22 model homes for approximately $11.7 million and recognized a gain of approximately $3.2 million.

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<div align='center'>Our Growth Strategy</div>

Our main objective is to maximize
long-term stockholder value through the management, leasing and selective redevelopment of our existing commercial property portfolio,
and selectively acquiring future properties which are anticipated to provide accretive economic returns. We focus on regionally dominant
markets across the United States which we believe have attractive growth dynamics driven in part by important economic factors such as
strong employment growth; net in-migration of a highly educated workforce; a large student population; the stability provided by major
healthcare systems; government or other large institutional employer presence; low rates of unemployment; and lower cost of living versus
gateway markets. We seek to maximize returns through investments in markets with limited supply, high barriers to entry, and stable and
growing employment drivers. Our model home portfolio supports the objective of maximizing stockholder value by focusing on purchasing
new single-family model homes and leasing them back to experienced homebuilders. We operate the model home portfolio in markets where
we can diversify by geography, builder size, and model home purchase price.

Our Commercial