Presidio property trust announces closing of its upsized public offering of preferred stock

San diego, ca / accesswire / june 15, 2021 / (nasdaq:sqft) presidio property trust ("presidio" or the "company"), an internally managed, diversified real estate investment trust ("reit"), today announced the closing of its upsized public offering of 800,000 shares of its 9.375% series d cumulative redeemable perpetual preferred stock (the "series d preferred stock") at a price to the public of $25.00 per share for gross proceeds of $20.0 million, before deducting offering expenses and underwriting commissions. presidio intends to use the net proceeds for general corporate and working capital purposes, including to potentially acquire additional properties.
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