Presidential Realty Corporation is a real estate investment trust (REIT). The Company holds, directly or indirectly, interests in real estate and interests in entities that own real estate. The Company's segment includes investments in real estate-related assets. The Company holds interests in the Mapletree Industrial Center located in Palmer, Massachusetts, and Avalon Jubilee LLC-Los Lunas, New Mexico. The Mapletree Industrial Center consists of approximately 31 buildings located on approximately 48 acres. The property offers traditional office space and industrial/warehouse space along with vacant land with rail access ready for development. The buildings comprise a total of approximately 315,540 square feet, of which approximately 313,639 is rentable. New Mexico the Avalon Property consists of approximately 34 finished, single-family subdivision lots and approximately 21.42 acres of subsequent phases of undeveloped land in Los Lunas, New Mexico.
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