Presidio Property Trust, a diversified REIT repositioning its portfolio to focus on office and industrial properties, changed its name from "NetREIT" and reported financial results for the nine months ended September 30, 2017, in an amendment filed with the SEC on Wednesday. It originally filed for an IPO in September 2017 with a proposed deal size of $69 million.
Presidio Property Trust was founded in 1999 and booked $33 million in revenue for the 12 months ended September 30, 2017. The Escondido, CA-based company plans to list on the NYSE under the symbol SQFT. Janney Montgomery Scott is the sole bookrunner on the deal.
