On February 13, 2020, William H. Allen, age 74, tendered his letter of resignation from the Board of Directors of Presidio Property Trust, Inc., effective February 14, 2020. Mr. Allen has served on the Board since 2009 and most recently as the Board's lead independent director and as chairman of the Audit Committee. Mr. Allen's resignation was solely for personal reasons and not the result of any disagreement with the Board or the Company on any matter relating to its operations, policies or practices. In the interim, David T. Bruen, who has served as a director since 2008 and as a member of the Audit Committee since 2010, will serve as chairman of the Audit Committee.