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REAL ESTATE ASSETS (Tables) | 9 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2021 | Dec. 31, 2020
Real Estate Assets |  |
SCHEDULE OF REAL ESTATE PROPERTIES | A summary of the properties owned by the Company as of September 30, 2021 and December 31, 2020 is as follows: SCHEDULE OF REAL ESTATE PROPERTIES
|  | Date |  |  |  | Real estate assets, net (in thousands) |
Property Name |  | Acquired |  | Location |  | 2021 |  |  | 2020 |
Garden Gateway Plaza (1) |  | March 2007 |  | Colorado Springs, Colorado |  |  | — |  |  | $ | 11,465 |
World Plaza (2) |  | September 2007 |  | San Bernardino, California |  |  | 9,272 |  |  |  | 9,272 |
Executive Office Park (1) |  | July 2008 |  | Colorado Springs, Colorado |  |  | — |  |  |  | 5,106 |
Waterman Plaza (1) |  | August 2008 |  | San Bernardino, California |  |  | — |  |  |  | 3,500 |
Genesis Plaza (3) |  | August 2010 |  | San Diego, California |  |  | 8,412 |  |  |  | 8,651 |
Dakota Center |  | May 2011 |  | Fargo, North Dakota |  |  | 8,694 |  |  |  | 8,597 |
Grand Pacific Center |  | March 2014 |  | Bismarck, North Dakota |  |  | 5,525 |  |  |  | 5,684 |
Arapahoe Center |  | December 2014 |  | Centennial, Colorado |  |  | 8,901 |  |  |  | 9,233 |
Union Town Center |  | December 2014 |  | Colorado Springs, Colorado |  |  | 9,212 |  |  |  | 9,345 |
West Fargo Industrial |  | August 2015 |  | Fargo, North Dakota |  |  | 6,996 |  |  |  | 7,061 |
300 N.P. |  | August 2015 |  | Fargo, North Dakota |  |  | 3,218 |  |  |  | 3,280 |
Research Parkway |  | August 2015 |  | Colorado Springs, Colorado |  |  | 2,392 |  |  |  | 2,438 |
One Park Center |  | August 2015 |  | Westminster, Colorado |  |  | 8,072 |  |  |  | 8,586 |
Highland Court (1) (4) |  | August 2015 |  | Centennial, Colorado |  |  | — |  |  |  | 10,500 |
Shea Center II |  | December 2015 |  | Highlands Ranch, Colorado |  |  | 20,340 |  |  |  | 21,026 |
Mandolin (4) |  | August 2021 |  | Houston, Texas |  |  | 4,899 |  |  |  | — |
Presidio Property Trust, Inc. properties |  |  |  |  |  |  | 95,933 |  |  |  | 123,744 |
Model Home properties (5) |  | 2014 - 2020 |  | TX, FL, IL, WI |  |  | 29,955 |  |  |  | 42,510 |
Total real estate assets and lease intangibles, net |  |  |  |  |  | $ | 125,888 |  |  | $ | 166,254 |
(1) | This property was sold during the nine months ended September 30, 2021.
(2) | This property is held for sale as of September 30, 2021.
(3) | Genesis Plaza is owned by two tenants-in-common, each of which owns 57% and 43%, respectively, and we beneficially own an aggregate of 76.4%.
(4) | A portion of the proceeds from the sale of Highland Court were used in like-kind exchange transactions pursued under Section 1031 of the Internal Revenue for the acquisition of our Mandolin property. Mandolin is owned by NetREIT Palm Self-Storage LP, through its wholly owned subsidiary NetREIT Highland LLC, and the Company is the sole general partner and owns 61.3% of NetREIT Palm Self-Storage LP.
(5) | Includes three Model Homes listed as held for sale as of September 30, 2021.
| The Company’s real estate assets consisted of the following as of December 31, 2020 and 2019: SCHEDULE OF REAL ESTATE PROPERTIES
|  | Date |  |  |  |  | Real estate assets, net (in thousands) |
Property Name |  | Acquired |  |  | Location |  | 2020 |  |  | 2019 |
Garden Gateway Plaza (1) |  |  | March 2007 |  |  | Colorado Springs, Colorado |  | $ | 11,465 |  |  | $ | 11,428 |
World Plaza (1) |  |  | September 2007 |  |  | San Bernardino, California |  |  | 9,272 |  |  |  | 8,305 |
Executive Office Park (3) |  |  | July 2008 |  |  | Colorado Springs, Colorado |  |  | 5,106 |  |  |  | 7,723 |
Waterman Plaza (1) |  |  | August 2008 |  |  | San Bernardino, California |  |  | 3,500 |  |  |  | 4,889 |
Genesis Plaza |  |  | August 2010 |  |  | San Diego, California |  |  | 8,651 |  |  |  | 8,789 |
Dakota Center |  |  | May 2011 |  |  | Fargo, North Dakota |  |  | 8,597 |  |  |  | 8,855 |
Grand Pacific Center |  |  | March 2014 |  |  | Bismarck, North Dakota |  |  | 5,684 |  |  |  | 5,914 |
Union Terrace (4) |  |  | August 2014 |  |  | Lakewood, CO |  |  | — |  |  |  | 8,425 |
Centennial Tech Center (4) |  |  | December 2014 |  |  | Colorado Springs, Colorado |  |  | — |  |  |  | 13,132 |
Arapahoe Center |  |  | December 2014 |  |  | Centennial, Colorado |  |  | 9,233 |  |  |  | 9,748 |
Union Town Center |  |  | December 2014 |  |  | Colorado Springs, Colorado |  |  | 9,345 |  |  |  | 9,612 |
West Fargo Industrial |  |  | August 2015 |  |  | Fargo, North Dakota |  |  | 7,061 |  |  |  | 7,212 |
300 N.P. |  |  | August 2015 |  |  | Fargo, North Dakota |  |  | 3,280 |  |  |  | 3,405 |
Research Parkway |  |  | August 2015 |  |  | Colorado Springs, Colorado |  |  | 2,438 |  |  |  | 2,512 |
One Park Center |  |  | August 2015 |  |  | Westminster, Colorado |  |  | 8,586 |  |  |  | 8,518 |
Highland Court (1) |  |  | August 2015 |  |  | Centennial, Colorado |  |  | 10,500 |  |  |  | 11,421 |
Shea Center II |  |  | December 2015 |  |  | Highlands Ranch, Colorado |  |  | 21,026 |  |  |  | 21,853 |
Presidio Property Trust, Inc. properties |  |  |  |  |  |  |  |  | 123,744 |  |  |  | 151,741 |
Model Home properties (2) |  |  | 2014 - 2020 |  |  | AZ, FL, IL, PA, TX, WI |  |  | 42,510 |  |  |  | 48,466 |
Total real estate assets and lease intangibles, net |  |  |  |  |  |  |  | $ | 166,254 |  |  | $ | 200,207 |
(1) | Property held for sale as of December 31, 2020.
(2) | Includes seven Model Homes that are listed as held for sale as of December 31, 2020.
(3) | One of four buildings within this property was sold as of December 31, 2020.
(4) | This property was sold during the year ended December 31, 2020.
LESSOR, OPERATING LEASE, PAYMENT TO BE RECEIVED, FISCAL YEAR MATURITY |  | LESSOR, OPERATING LEASE, PAYMENT TO BE RECEIVED, FISCAL YEAR MATURITY
2021 |  |  | $ | 3,259,261 |
2022 |  |  |  | 3,406,500 |
2023 |  |  |  | 2,564,601 |
2024 |  |  |  | 1,211,331 |
2025 |  |  |  | 1,526,142 |
Thereafter |  |  |  | 2,477,552 |
Totals |  |  | $ | 14,445,387 |
The Company generally rents Model Home Properties to homebuilders under non-cancelable lease agreements with a term of 18 months with an option to extend in six months increments. Future minimum rental revenues under existing leases on Model Home Properties as of December 31, 2020 are expected to be as follows:
2021 |  |  | $ | 2,784,108 |
2022 |  |  |  | 696,768 |
Totals |  |  | $ | 3,480,876 |

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