Presidio Property Trust, Inc.

Good afternoon, ladies and gentlemen, and welcome to the Presidio Property Trust fourth quarter 2021 earnings call. At this time, all participants are on enlisted only mode. If you would like to submit a question, please do so by using the ask question button on the webcast page. It is now my pleasure to turn the floor over to your host, Lowell Harcorn. Sir, the floor is yours.

Thank you, operator. Good afternoon, everyone. Welcome to Presidio Property Trust's fourth quarter 2021 earnings call. My name is Lowell Hartkorn, investor relations here at Presidio. And joining me on the call today are Jack Heilbrunn, our president and chief executive officer, Adam Sragovitz, chief financial officer, Gary Katz, chief investment officer, and Steve Hightower, president of our model home division. Jack, Adam, Gary, and Steve will make prepared remarks today, and then we'll be happy to take your questions via chat. At any time, you can click on the ask question button in the media player window to submit questions to our team. We will ask for your patience today as consistent with social distancing recommendations. Each of us from the company will be speaking from separate offices. Unless otherwise noted, comparisons made on this conference call will be between the 2021 year and the 2020 year. In addition, today's discussion will include forward-looking statements which are subject to risks and uncertainties. Actual results could differ materially from these forward-looking statements. So please refer to our SEC filings for a detailed discussion of potential risks and uncertainties. During this call, we will use rounding and abbreviations for the sake of brevity. We will also be discussing non-GAAP financial measures. Reconciliations to the most directly comparable GAAP financial measures are included in our earnings press release which was issued and filed with our form 8K earlier today. As a reminder, this conference call will be made available for replay in the presentations area of the investor section of our website, www.presidiopt.com, where we will be also posting our prepared remarks following the conclusion of this call. With that, let me turn the call over to Jack Heilbrunn, our President and CEO. Jack?

Thank you, Lowell. Since we began our journey as a public company in October of 2020, we have used several opportunities to raise capital to take advantage of the market. In December, we announced the acquisition of a single tenant triple net property in Baltimore, which is 100% leased to John Hopkins Bloomberg School of Public Health. Gary will be able to tell you more details about the property, but taking a big picture look, the tenant fits right with our core strategy of being in markets and submarkets with a solid employment base, such as industry, government, or universities. Market opportunities also present themselves on the disposition side. Since we spoke with you last, we have sold the World Plaza Retail Center in San Bernardino, California. We have now accomplished our goal of selling all of our properties in California except for the Genesis Plaza, which is our headquarters in San Diego. California is a dynamic real estate market, but we believe that based on what we see currently, there are better investment returns to be had elsewhere. Being a public company has also given us the ability to reward shareholders. Everyone who was a shareholder on January 14th of this year received one warrant per share. These warrants now trade on the NASDAQ under the symbol SQFTW. They give the holders the right to buy our stock at $7 per share over the next five years. If at the end of five years the shareholders do not exercise the warrants, they will convert into one-tenth of a share of common stock, rounded down to the nearest number of whole shares. We think this is a great way to reward our shareholders, as well as to have them participate in our company's upside. In other news for shareholders, we sponsored a SPAC, which means we have launched a brand new company called Murphy Canyon Acquisition. This is to help bring a company public, most likely real estate related, If we are successful in this project, we believe our shareholdings in this company will create real value for the Presidio property shareholders. I will now turn the call over to Adam Sorgovich, our CFO, to share some of the financial highlights. Adam?