SAN DIEGO, CA / ACCESSWIRE / June 17, 2021 / (NASDAQ:SQFT)(NASDAQ:SQFTP) Presidio Property Trust ("Presidio" or the "Company"), an internally managed, diversified real estate investment trust ("REIT"), today announced that the underwriters of its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock (the "Series D Preferred Stock") have exercised in full their over-allotment option to purchase an additional 120,000 shares of Series D Preferred Stock from Presidio at a price to the public of $25.00 per share for gross proceeds of $3.0 million, prior to deducting underwriting discounts and commissions. After giving effect to the exercise of the over-allotment option, a total of 920,000 shares were sold in the offering, resulting in gross proceeds to Presidio of $23.0 million. Presidio intends to use the net proceeds of the offering for general corporate and working capital purposes, including to potentially acquire additional properties.
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