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                                                                    EXHIBIT 24.1

                               POWER OF ATTORNEY


     KNOW ALL MEN BY THESE PRESENTS, that the undersigned, being a trustee or
officer, or both, of PRESIDIO GOLF TRUST, a Maryland real estate investment
trust (the "Company"), does hereby constitute and appoint Peter J. Nanula and
George T. Haworth, with full power to each of them to act alone, as the true
and lawful attorneys and agents of the undersigned, with full power of
substitution and resubstitution to each of said attorneys, to execute, file or
deliver any and all instruments and to do any and all acts and things which
said attorneys and agents, or any of them, deem advisable to enable the Company
to comply with the Securities Act of 1933, as amended (the "Securities Act")
and any requirements of the Securities and Exchange Commission in respect
thereto, relating to the Company's Registration Statement on Form S-11,
including specifically, but without limitation of the general authority hereby
granted, the power and authority to sign his name as trustee or officer, or
both, of the Company, as indicated below his signature, to the Registration
Statement on Form S-11 or any amendments or papers supplemental thereto, or any
Registration Statement for the same offering that is to be effective upon
filing pursuant to Rule 462(b) under the Securities Act or any amendments or
paper supplemental thereto, and the undersigned does hereby fully ratify and
confirm all that said attorneys and agents, or any of them, or the substitute
of any of them, shall do or cause to be done by virtue hereof.

     IN WITNESS WHEREOF, the undersigned has subscribed these presents, this
9th day of July, 1998.



/s/ David B. Deniger
- ---------------------------------------
David B. Deniger, Chairman of the Board
of Trustees and Trustee