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Sichenzia Ross Ference Carmel LLP represents Presidio Property Trust, Inc. in Shareholder Activism Matter

Press Release – New York, NY – May 17, 2024 – Sichenzia Ross Ference Carmel LLP served as a legal advisor to Presidio Property Trust, Inc. (“Presidio” or the “Company”), an internally managed, diversified real estate investment trust, in connection with its defense against director nominations from an activist shareholder group. 

The Company entered into a cooperation agreement with the shareholder group and appointed one of the members of the group to its board. The shareholder group agreed to withdraw the five director nominations it had previously submitted to Presidio and to support the Presidio board’s slate of directors at the Company’s 2024 Annual Meeting of Stockholders. The shareholder activist group has also agreed to certain customary standstill provisions and voting commitments.   

The SRFC team was led by partners Darrin M. Ocasio, Avital Perlman, Glenn Burlingame, and associate Lony Leung.