Presidio Property Trust's Growth in Model Homes: Q2 Review
Presidio Property Trust Announces Positive Developments in Model Home Sector
Presidio Property Trust, Inc., known for its diversified real estate portfolio and exemplary management, recently shared significant updates regarding its model home activities. This update highlights the company's robust performance in the second quarter of 2025, showcasing impressive sales and strategic acquisitions.
Sales Performance in the Second Quarter
In Q2 2025, Presidio successfully sold seven homes at a substantial total of approximately $3.5 million. These homes were purchased between 2020 and 2023, with an original acquisition cost of around $3.2 million. This positive movement not only signifies effective asset management but also reflects the company's agile response to the dynamic housing market.
Acquisition Efforts
Alongside the sales achievements, Presidio made strides in expanding its portfolio by acquiring ten additional homes for a total of about $5.2 million. These newly acquired homes are situated across various states, including parts of Texas and Alabama. This diversification is crucial in fortifying the company's foothold in the attractive Sun Belt market, catering specifically to the growing demand for housing in these regions.
Composition of Model Homes
As of June 30, 2025, model homes represented approximately 34% of Presidio's net real estate assets, accounting for around 24% of the rental revenue. The company boasts full ownership of 68 out of its total 87 model homes, affirming its strong commitment to this sector. This strategy positions Presidio as a reliable investment for stakeholders looking for stability and growth in the real estate market.
Leadership Insights
Steve Hightower, President of the Model Homes Division, expressed pride in the team's outstanding performance during the year. He highlighted the importance of identifying acquisition opportunities that enhance their geographical footprint and offer increased diversification. This approach aligns seamlessly with the company's managed growth plan, making Presidio a noteworthy player in the real estate investment landscape.
About Presidio Property Trust
Presidio Property Trust stands as an internally managed, diversified real estate investment trust (REIT). The company focuses on model home properties, which are triple-net leased primarily to reputable homebuilders. Additionally, Presidio's portfolio extends to office, industrial, and retail properties, predominantly located in key areas across the United States, ensuring a balanced and diverse investment approach.
Company Contact Information
For more inquiries or further information about Presidio, individuals may reach out to the investor relations team:
Presidio Property Trust, Inc.
Lowell Hartkorn, Investor Relations
LHartkorn@presidiopt.com
Telephone: (760) 471-8536 x1244
Frequently Asked Questions
1. What did Presidio Property Trust achieve in Q2 2025?
In Q2 2025, Presidio sold seven homes for approximately $3.5 million and acquired ten homes totaling around $5.2 million.
2. What role do model homes play in Presidio's portfolio?
Model homes constitute about 34% of Presidio's net real estate assets and contribute roughly 24% of its rental revenue.
3. Where are Presidio's model homes located?
Presidio's model homes are primarily rented to builders in the Sun Belt states, enhancing geographical reach and investment diversity.
4. Who is the President of the Model Homes Division?
Steve Hightower serves as the President of the Model Homes Division at Presidio Property Trust.
5. How can I contact Presidio for more information?
You can reach out to investor relations at LHartkorn@presidiopt.com or call (760) 471-8536 x1244 for inquiries.
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