Presidio Property Trust, Inc. Announces Retirement of Board Members
November 14, 2020 at 02:41 am IST
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On November 9, 2020, Kenneth W. Elsberry, age 82, submitted a notice of his intent to retire from the Board of Directors of Presidio Property Trust, Inc. Mr. Elsberry’s retirement from the Board will take effect on December 30, 2020, the date on which the 2020 Annual Meeting of Stockholders is scheduled to be held. Except for a brief period in 2009, Mr. Elsberry has served on the Board since inception of the Company in 1999. Mr. Elsberry has also served as the Company’s Chief Financial Officer and Treasurer since 1999 until his retirement from such positions in 2016 and 2017, respectively. In addition, on November 9, 2020, Shirley Y. Bullard, age 68, submitted a notice of her intent to retire from the Board of the Company. Ms. Bullard’s retirement from the Board, which she has served on since 2011, will also take effect on December 30, 2020. In addition to her retirement from the Company’s Board, she will also be retiring from The Ken Blanchard Companies, having served as its Chief Administrative Officer and Vice President of Human Resources for more than two decades and, more recently, as its Chief of Staff to the President.
Presidio Property Trust, Inc. is an internally managed, diversified real estate investment trust (REIT) with holdings in model home properties which are triple-net leased to homebuilders, office, industrial, and retail properties. The Company's model homes are leased to homebuilders located in Arizona, Illinois, Texas, Wisconsin, and Florida. The Company's office, industrial and retail properties are located primarily in Colorado, with properties also located in Maryland, North Dakota, Texas, and Southern California. The Company acquires and operates properties in three business segments, including Office/Industrial Properties, Model Home Properties and Retail Properties. It owns approximately 12 commercial properties that are located in Colorado, North Dakota, California, Maryland and Texas. It also owns approximately 110 model home properties that are located in five states throughout the United States. Its retail properties include Union Town Center, Research Parkway and Mandolin.