Presidio property trust reaches agreement with zuma capital management appoints elena piliptchak to board of directors

San diego, may 10, 2024 (globe newswire) -- presidio property trust, inc. (“presidio” or the “company”), an internally managed, diversified real estate investment trust (“reit”), announced today that it has entered into a cooperation agreement with zuma capital management, llc (“zuma”), ouray capital management, llc (“ouray”), reuben berman, stefani carter, vito garfi, brent morrison, elena piliptchak, and certain affiliated and associated persons thereof (collectively, the “zuma investor group”) that beneficially holds, in the aggregate, 1,103,655 shares, or approximately 7.6%, of presidio's outstanding common stock. under the terms of the cooperation agreement, elena piliptchak, the managing member of ouray, has been appointed to the presidio board, effective immediately, as a class iii director with a term expiring at presidio's 2026 annual meeting of stockholders.
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