Real Estate Assets

6 Months Ended

Jun. 30, 2019

4. REAL ESTATE ASSETS

A summary of the properties owned by the Company as of June 30, 2019 is as follows:

			Real estate
	Date		assets, net
Property Name	Acquired	Location	(in thousands)
Garden Gateway Plaza	March 2007	Colorado Springs, Colorado	$	11,312
World Plaza (1)	September 2007	San Bernardino, California		8,329
Executive Office Park	July 2008	Colorado Springs, Colorado		7,858
Waterman Plaza	August 2008	San Bernardino, California		4,933
Genesis Plaza	August 2010	San Diego, California		8,946
Dakota Center	May 2011	Fargo, North Dakota		8,951
The Presidio (1)(2)	November 2012	Colorado Springs, Colorado		6,498
Grand Pacific Center	March 2014	Bismarck, North Dakota		5,903
Union Terrace (1)	August 2014	Lakewood, Colorado		8,174
Centennial Tech Center (1)	December 2014	Colorado Springs, Colorado		12,826
Arapahoe Center	December 2014	Centennial, Colorado		10,006
Union Town Center	December 2014	Colorado Springs, Colorado		9,764
West Fargo Industrial	August 2015	West Fargo, North Dakota		7,279
300 N.P.	August 2015	Fargo, North Dakota		3,474
Research Parkway	August 2015	Colorado Springs, Colorado		2,546
One Park Center	August 2015	Westminster, Colorado		8,532
Highland Court	August 2015	Centennial, Colorado		11,554
Shea Center II	December 2015	Highlands Ranch, Colorado		22,305
Presidio Property Trust, Inc. properties				159,190
Model Home properties	2010-2019	AZ, CA, FL, IL, PA, SC, TX, WI		46,536
	Total real estate assets and lease intangibles, net		$	205,726

(1)	Properties held for sale as of June 30, 2019.

(2)	The Presidio was sold on July 31, 2019.

Geographic Diversification Table

The following tables show a list of properties owned by the Company grouped by state and geographic region as of June 30, 2019:

State	No. of Properties		Aggregate Square Feet		Approximate % of Square Feet			Current Base Annual Rent		Approximate % of Aggregate Annual Rent
California		3		134,787		9.6	%	$	1,822,676		10.0	%
Colorado		11		873,684		62.2	%		12,814,687		70.1	%
North Dakota		4		397,039		28.2	%		3,626,926		19.9	%
Total		18		1,405,510		100.0	%	$	18,264,289		100.0	%

Model Home properties:

Geographic Region	No. of Properties		Aggregate Square Feet		Approximate % of Square Feet			Current Base Annual Rent		Approximate of Aggregate % Annual Rent
Southwest		98		298,345		76.3	%	$	2,794,116		71.1	%
West		1		2,324		0.6	%		16,020		0.4	%
Southeast		30		69,198		17.7	%		830,172		21.1	%
Midwest		2		6,602		1.7	%		99,276		2.5	%
East		2		5,255		1.3	%		70,716		1.8	%
Northeast		3		9,271		2.4	%		121,020		3.1	%
Total		136		390,995		100.0	%	$	3,931,320		100.0	%