Presidio Property Trust Announces Sale of Colorado Springs Assets
The sale of two commercial properties aligns with Presidio's strategic efforts to optimize its real estate portfolio.
February 10, 2025
Strategic Asset Realignment
Presidio Property Trust, Inc., a diversified real estate investment trust (REIT), has announced the sale of two commercial properties in Colorado Springs, Colorado: Union Town Center and Research Parkway. The transaction, completed on February 7, 2025, represents a strategic step in the company’s ongoing efforts to refine its real estate portfolio.
The two properties, part of Presidio’s collection of office and retail spaces, were sold as part of the company’s strategy to focus on higher-performing markets and optimize long-term growth opportunities. This sale reflects Presidio's broader effort to divest select assets and reallocate resources into properties with stronger income and growth potential.
Focus on Value Creation
Union Town Center and Research Parkway have been recognized as notable commercial properties in the Colorado Springs market. According to Presidio, the sale will not disrupt business operations but instead reinforce the company's focus on creating long-term value through active asset management.
Presidio’s management has consistently emphasized its intention to maintain a flexible and resilient portfolio. The current sale is another example of its strategy to adapt to changing market conditions while enhancing shareholder value. The transaction generates liquidity that will be redeployed to strengthen core assets and explore new growth opportunities.
Listed on the Nasdaq under the symbols SQFT and SQFTP, Presidio Property Trust is known for its diversified portfolio of commercial and retail properties across various U.S. markets. This latest move suggests a continued pivot toward refining its asset base for improved operational efficiency and long-term success.
The sale of Union Town Center and Research Parkway demonstrates Presidio's commitment to its strategic vision, ensuring that the company remains well-positioned in an evolving real estate landscape.
Share
Read More Articles
Texas Strategic Growth Fund, L.P. Pursues $100M Offering, Secures $17.6M in Sales
Ecofin Fund Seeks to Liquidate, Calls for Shareholder Approval
