Presidio Property Trust Inc

Presidio is an internally managed diversified REIT with holdings in model home properties which are triple-net leased to homebuilders office industrial and retail properties. Presidio's model homes are leased to homebuilders located in Arizona Illinois Texas Wisconsin and Florida. Our office industrial and retail properties are located primarily in Colorado with properties also located in Maryland North Dakota Texas and Southern California. While geographical clustering of real estate enables us to reduce our operating costs through economies of scale by servicing several properties with less staff it makes us susceptible to changing market conditions in these discrete geographic areas including those that have developed as a result of COVID-19. Presidio is also the sponsor of the Special Purpose Acquisition Company (SPAC) Murphy Canyon Acquisition Corp. (NASDAQ: MURF) which currently holds approximately $23.6 million in trust. Murphy Canyon Acquisition Corp. is a blank check company formed for the purpose of effecting a merger capital stock exchange asset acquisition stock purchase reorganization or similar business combination with one or more businesses.