Presidio Property Trust, Inc. 8-K

What Happened
Presidio Property Trust, Inc. (through its subsidiary NetREIT SC II, LLC) announced that Wells Fargo Bank, N.A. served a Default Notice on January 21, 2026, alleging the borrower failed to repay a promissory note (original principal $17,727,500) that was due January 5, 2026. The Note and related loan documents dated December 24, 2015 were originally with The Bancorp Bank. Following an ex parte motion by Wells Fargo, the borrower and the lender entered a stipulation on February 13, 2026 to appoint Trigild IVL as receiver for the property known as Shea Center II in Douglas County, Colorado.

Key Details

• Borrower: NetREIT SC II, LLC; Company named as a defendant in the receiver proceeding.
• Note original principal: $17,727,500; promissory note and related loan agreement dated December 24, 2015.
• Default Notice received: January 21, 2026; alleged failure to repay by January 5, 2026.
• Receiver appointment/Stipulation date: February 13, 2026 — Trigild IVL granted possession and authority to operate, manage, and preserve the Shea Center II property.
• Borrower Parties are enjoined from collecting rents or interfering with the property and must turn over related funds to the Receiver; funds will be applied per the court Order.

Why It Matters
This action places the Shea Center II asset under a court-appointed receiver and restricts Presidio/borrower control over rents and operations for that property. For investors, this is material because it affects the Company’s control and potential cash flows from the Shea Center II asset and signals an escalated lender enforcement step tied to a sizable loan. The 8-K reports facts of the proceeding only; it does not state outcomes of any foreclosure sale or broader impact on the company’s portfolio or financial statements.