Presidio Property Trust, Inc. and Subsidiaries

Schedule III - Real Estate and Accumulated Depreciation and Amortization – as of December 31, 2017

All amounts are in thousands			Initial Cost								Total Cost						(1)
Property Name/ Location	Encumbrances		Land Cost		Building and Improvements		Acquisition Price		Capitalized Improvements		Land Cost		Building & Improvements		Total Cost		Accumulated Depreciation		Reserve for Impairment		NBV Real Estate		Date Acquired	Year Built/ Renovated
Garden Gateway, CO Springs, CO		6,445		3,035		12,091		15,126		1,347		3,035		13,438		16,473		5,039		—		11,434	03/07	1982/2006
Executive Park, CO Springs, CO		6,000		1,266		8,815		10,081		399		1,266		9,214		10,480		2,404		—		8,076	07/08	2000
Pacific Oaks Plaza, Escondido, CA		1,466		980		3,868		4,848		170		980		4,038		5,018		978		—		4,040	09/08	2005
Morena Center, San Diego, CA		2,156		1,333		5,203		6,536		603		1,333		5,806		7,139		1,769		500		4,870	01/09	1985
Genesis Plaza, San Diego, CA		4,151		1,400		8,600		10,000		898		1,400		9,498		10,898		2,289		—		8,609	08/10	1989
Dakota Center, Fargo, ND		6,696		832		8,743		9,575		2,330		832		11,073		11,905		2,270		—		9,635	05/11	1982
Port of San Diego Complex, SD, CA		9,576		9,613		4,887		14,500		447		9,655		5,292		14,947		1,059		—		13,888	12/11	1971/2008
The Presidio, CO Springs, CO		6,454		1,325		5,950		7,275		977		1,325		6,927		8,252		1,837		—		6,415	11/12	1985
Grand Pacific Center, Bismarck, ND		17,728		413		4,926		5,339		1,529		413		6,455		6,868		1,014		—		5,854	03/14	1976
Union Terrace, Lakewood, CO		10,493		1,717		7,708		9,425		1,102		1,717		8,810		10,527		2,240		—		8,287	08/14	1982
Centennial Tech Center, CO		6,000		2,025		13,475		15,500		251		2,025		13,726		15,751		2,320		—		13,431	12/14	1999
Arapahoe Service Center, CO Springs		1,909		1,420		10,430		11,850		489		1,420		10,919		12,339		1,701		—		10,638	12/14	2000
West Fargo Industrial		4,365		1,693		6,207		7,900		168		1,693		6,375		8,068		613		—		7,455	08/15	1998/2005
300 N.P.		4,058		135		3,715		3,850		149		135		3,864		3,999		363		—		3,636	08/15	1922
Highland Court		2,381		3,608		9,442		13,050		1,127		3,608		10,569		14,177		1,890		—		12,287	08/15	1984
One Park Centre		6,500		1,206		7,944		9,150		568		1,206		8,512		9,718		1,204		—		8,514	08/15	1983
Shea Center II		6,610		2,214		23,747		25,961		567		2,214		24,314		26,528		3,176		—		23,352	12/15	2000
Total Office/ Industrial properties	$	102,988	$	34,215	$	145,751	$	179,966	$	13,121	$	34,257	$	158,830	$	193,087	$	32,166	$	500	$	160,421

World Plaza , San Bernardino, CA		—		1,698		6,232		7,930		702		1,698		6,934		8,535		2,092		700		5,743	09/07	1974
Waterman Plaza, San Bernardino, CA		3,850		2,350		4,814		7,164		66		2,380		4,880		7,263		1,339		300		5,624	08/08	2008
Yucca Retail Ctr, Yucca Valley, CA		8,440		2,386		5,175		7,561		749		2,386		5,924		8,316		1,711		—		6,605	9/11, 5/12	1978
Union Town Center, CO Springs, CO		8,364		1,750		9,462		11,212		152		1,750		9,614		11,396		1,187		—		10,209	12/14	2003
Research		9,908		408		2,442		2,850		58		408		2,500		2,916		230		—		2,686	8/15/2016	2003
Total Retail properties	$	30,563	$	8,592	$	28,125	$	36,717	$	1,727	$	8,622	$	29,852	$	38,426	$	6,559	$	1,000	$	30,867

Model Homes -NDMHR, LP		7,369		2,002		10,508		12,510		—		2,002		10,508		12,510		487		—		12,023	2010-2016	2010-2016
Model Homes-DMH LP #202		4,331		1,097		5,838		6,935		—		1,097		5,838		6,935		236		—		6,699	2014-2016	2014-2016
Model Homes-DMH LP #203		9,162		2,103		11,455		13,558				2,103		11,455		13,558		267				13,291	2016	2016
Model Homes-NTMH LLC		7,593		1,752		9,778		11,530		—		1,752		9,778		11,530		297		—		11,233	2016	2016
Total Model Home properties		28,455		6,954		37,579		44,533		—		6,954		37,579		44,533		1,287		—		43,246
																						—
CONSOLIDATED TOTALS:	$	162,006	$	49,761	$	211,455	$	261,216	$	14,848	$	49,833	$	226,261	$	276,046	$	40,012	$	1,500	$	234,534

(1) Depreciation is computed on a straight-line basis using useful lives up to 39 years.

Presidio Property Trust, Inc. and Subsidiaries

Schedule III - Real Estate and Accumulated Depreciation and Amortization (continued) – as of December 31, 2017

	For the Year Ended December 31,
	2017			2016
Real estate
Balance at the beginning of the year	$	276,833,694		$	261,047,651
Acquisitions		17,560,745			23,667,535
Improvements		3,616,140			4,150,213
Impairments		-			(948,053	)
Dispositions of real estate		(23,464,380	)		(11,083,652	)
Balance at the end of the year	$	274,546,199		$	276,833,694
Accumulated depreciation and amortization
Balance at the beginning of the year	$	(36,311,485	)	$	(29,961,472	)
Depreciation and amortization expense		(9,186,190	)		(9,750,765	)
Dispositions of real estate		5,485,420			3,400,752
Balance at the end of the year	$	(40,012,255	)	$	(36,311,485	)