Presidio Property Trust, Inc. and Subsidiaries

Schedule III—Real Estate and Accumulated Depreciation and Amortization – as of

December

31,

2019

All amounts are in thousands			Initial Cost										Total Cost				(1)
Property Name/			Land		Building and		Acquisition		Capitalized		Land		Building &		Total		Accumulated Depreciation &		Reserve for		NBV Real		Date	Year Built/
Location	Encumbrances		Cost		Improvements		Price		Improvements		Cost		Improvements		Cost		Depreciation		Impairment		Estate		Acquired	Renovated
Garden Gateway, Colorado Springs, CO (2)	$	6,071	$	3,035	$	12,091	$	15,126	$	3,293	$	3,035	$	10,874	$	17,202	$	5,774		—	$	11,428	03/07	1982/2006
Executive Park, Colorado Springs, CO		4,840		1,266		8,815		10,081		1,511		1,266		7,880		10,657		2,934		—		7,723	07/08	2000
Genesis Plaza, San Diego, CA		6,378		1,400		8,600		10,000		2,423		1,400		8,071		11,894		3,105		—		8,789	08/10	1989
Dakota Center, Fargo, ND		10,112		832		8,743		9,575		1,270		832		9,917		12,019		3,165		—		8,854	05/11	1982
Grand Pacific Center, Bismarck, ND		3,852		413		4,926		5,339		872		413		6,099		7,384		1,470		—		5,914	03/14	1976
Union Terrace, Lakewood, CO (2)		6,240		1,717		7,708		9,425		3,750		1,717		5,853		11,320		2,895		—		8,425	08/14	1982
Centennial Tech Center, Colorado Springs, CO (2) (3)		9,562		2,025		13,475		15,500		3,545		2,025		10,556		16,126		2,994		—		13,132	12/14	1999
Arapahoe Center, Centennial, CO		8,086		1,420		10,430		11,850		2,076		1,420		8,857		12,353		2,605		—		9,748	12/14	2000
West Fargo Industrial, Fargo, ND		4,216		1,693		6,207		7,900		234		1,693		6,063		7,990		778		—		7,212	08/15	1998/2005
300 N.P., Fargo, ND		2,312		135		3,715		3,850		317		135		3,589		4,041		636		—		3,405	08/15	1922
Highland Court, Centennial, CO		6,424		3,608		9,442		13,050		3,384		3,608		7,767		14,759		3,339		—		11,420	08/15	1984
One Park Centre, Westminster, CO		6,488		1,206		7,944		9,150		1,357		1,206		7,416		9,979		1,460		—		8,519	08/15	1983
Shea Center II, Highlands Ranch, CO		17,728		2,214		23,747		25,961		5,711		2,214		19,515		27,440		5,587		—		21,853	12/15	2000
Total Office/ Industrial properties		92,309		20,964		125,843		146,807		29,743		20,964		112,457		163,164		36,742		—		126,422
World Plaza, San Bernardino, CA (2)		4,979		1,698		6,232		7,930		749		1,698		8,803		11,250		2,246		700		8,304	09/07	1974
Waterman Plaza, San Bernardino, CA		3,274		2,350		4,814		7,164		239		2,383		4,324		6,946		1,224		833		4,889	08/08	2008
Union Town Center, Colorado Springs, CO		8,440		1,750		9,462		11,212		504		1,750		8,932		11,186		1,574		—		9,612	12/14	2003
Research Parkway, Colorado Springs, CO		1,813		408		2,442		2,850		164		408		2,349		2,921		408		—		2,513	8/15/2016	2003
Total Retail properties		18,506		6,206		22,950		29,156		1,656		6,239		24,408		32,303		5,452		1,533		25,318
Model Homes -NDMHR, LP		2,840		1,387		7,019		8,406		—		984		4,331		5,315		339		—		4,976	2010 - 2016	2010 - 2016
Model Homes-DMH LP #202		4,784		1,384		7,381		8,765		—		1,152		6,332		7,484		378		—		7,106	2014 - 2018	2014 - 2018
Model Homes-DMH LP #203		8,650		1,911		10,220		12,131		—		2,359		10,803		13,162		513				12,649	2016 - 2019	2016 - 2019
Model Homes-DMH LP #204		5,851		1,409		6,522		7,931				1,545		7,209		8,754		271				8,483	2018 - 2019	2018 - 2019
Model Homes-DMH LP #205		3,687		1,021		4,309		5,330		—		1,021		4,309		5,330		35		—		5,295	2019	2019
Model Homes-NMH Inc.		6,832		1,998		11,247		13,245		—		1,620		8,722		10,342		384		—		9,958	2016 - 2019	2016 - 2019
Total Model Home properties		32,644		9,110		46,698		55,808		—		8,681		41,706		50,387		1,920		—		48,467
																						—
CONSOLIDATED TOTALS:	$	143,459	$	36,280	$	195,491	$	231,771	$	31,399	$	35,884	$	178,571	$	245,854	$	44,114	$	1,533	$	200,207

( 1 )	Depreciation is computed on a straight-line basis using useful lives up to 39 years.
( 2 )	Property held for sale as of December 31, 2019.
( 3 )	Centennial Tech Center sold for approximately $15.0 million on February 5, 2020.

	For the Year Ended December 31,
	2019			2018
Real estate
Balance at the beginning of the year	$	254,675,874		$	274,546,199
Acquisitions		13,037,562			17,326,915
Improvements		6,393,711			3,359,283
Impairments		—			(532,951	)
Dispositions of real estate		(29,786,565	)		(40,023,572	)
Balance at the end of the year	$	244,320,582		$	254,675,874
Accumulated depreciation and amortization
Balance at the beginning of the year	$	(43,567,809	)	$	(40,012,255	)
Depreciation and amortization expense		(6,693,613	)		(8,452,012	)
Dispositions of real estate		6,147,460			4,896,458
Balance at the end of the year	$	(44,113,962	)	$	(43,567,809	)
Real estate assets, net	$	200,206,620		$	211,108,065