		Principal as of
		March 31,			December 31,			Loan	Interest
Mortgage note property	Notes	2019			2018			Type	Rate (1)			Maturity
Garden Gateway Plaza			6,221,930			6,270,896		Fixed		5.00	%	2/5/2020
World Plaza	(3)(4)		4,652,783			3,350,539		Variable		5.10	%	7/5/2020
West Fargo Industrial			4,273,389			4,292,809		Fixed		4.79	%	9/6/2020
Morena Office Center	(2)		-			1,567,358		Fixed		4.30	%	6/1/2021
Waterman Plaza			3,342,821			3,369,960		Fixed		5.78	%	4/29/2021
300 N.P.			2,339,040			2,348,443		Fixed		4.95	%	6/11/2022
Highland Court			6,532,844			6,568,320		Fixed		3.82	%	9/1/2022
Dakota Center			10,263,049			10,314,520		Fixed		4.74	%	7/6/2024
Union Terrace Building	(3)		6,325,217			6,354,153		Fixed		4.50	%	8/5/2024
The Presidio	(3)		5,976,369			5,992,905		Fixed		4.54	%	12/1/2021
Centennial Tech Center	(3)		9,699,063			9,745,811		Fixed		4.43	%	12/5/2024
Research Parkway			1,851,618			1,864,139		Fixed		3.94	%	1/5/2025
Arapahoe Service Center			8,195,988			8,233,567		Fixed		4.34	%	1/5/2025
Union Town Center			8,440,000			8,440,000		Fixed		4.28	%	1/5/2025
Executive Office Park			4,921,238			4,947,808		Fixed		4.83	%	6/1/2027
Genesis Plaza			6,450,941			6,476,032		Fixed		4.71	%	8/25/2025
One Park Centre			6,560,690			6,585,922		Fixed		4.77	%	9/5/2025
Shea Center II			17,727,500			17,727,500		Fixed		4.92	%	1/5/2026
Grand Pacific Center	(5)		3,934,379			3,961,304		Fixed		4.02	%	8/1/2037
Subtotal, Presidio Property Trust, Inc. Properties			117,708,859			118,411,986
Model Home mortgage notes			29,423,690			32,728,930		Fixed	(6)			2019-2021
Mortgage Notes Payable		$	147,132,549		$	151,140,916
Unamortized loan costs			(1,276,667	)		(1,426,740	)
Mortgage Notes Payable, net		$	145,855,882		$	149,714,176

(1)	Interest rates as of March 31, 2019.

(2)	Morena Office Center was sold on January 15, 2019.

(3)	Properties held for sale as of March 31, 2019.

(4)	Interest on this loan is ABR plus 0.75% and LIBOR plus 2.75%. For the 3 months ended March 31, 2019, the weighted average interest rate was 5.38%.

(5)	Interest rate is subject to reset on September 1, 2023.

(6)	Each model home has a stand-alone mortgage note at interest rates ranging from 3.7% to 5.75% per annum (at March 31, 2019).

The Company is in compliance with all material conditions and covenants of its mortgage notes payable.

Scheduled principal payments of mortgage notes payable were as follows as of March 31, 2019: