Presidio Property Trust, Inc. (NasdaqCM:SQFT) announced that its Board of Directors has established a Special Committee of the Board to explore potential strategic alternatives focusing on maximizing stockholder value. The Special Committee is comprised solely of independent directors and is charged with exploring potential strategic alternatives, including, without limitation, a business combination involving the Company, a sale of all or part of the Company?s assets, joint venture arrangements and/or restructurings, and determining whether a strategic transaction is in the best interests of the Company. There can be no assurance that the strategic alternatives exploration process will result in any transaction being pursued or consummated.

There is no formal timetable for the Special Committee?s completion of its exploration of potential strategic alternatives, and the Company does not intend to disclose any developments with respect to the Special Committee?s activities unless and until the Company determines that further disclosure is appropriate or required by law or regulation.