OUR PORTFOLIO
Power REIT is currently diversified into 3 industries: Controlled Environment Agriculture, Solar Farm Land, and Railroads.
Power REIT is actively seeking accretive acquisitions focused primarily on Controlled Environment Agriculture in the form of greenhouses for the cultivation of food and cannabis.
Controlled Environment Agriculture
Power REIT owns a portfolio of CEA properties in the form of greenhouse and associated processing space.
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Power REIT's greenhouse properties are an environmentally friendly cultivation solution.
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The greenhouse portfolio is focused on cultivation of produce and cannabis. Unfortunately, the properties have not performed and are secured by a non-recourse loan which is in default. Power REIT is working to monetize the assets to try to retire the debt.
Solar Farm Land
Power REIT owns approximately 447 acres of land that is leased to an 82 MW of utility scale solar project. Power REIT’s solar land investment provides highly predictable cash flow with its tenants having invested more than 20 times the cost of our land to build the solar project.
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On an annual basis the solar farms produce approximately 40,000,000 kWh of carbon free electricity which is enough to power approximately 3,500 homes.
Railroad Property
Power REIT’s wholly-owned subsidiary, Pittsburgh & West Virginia Railroad, owns railroad real-estate that is leased to Norfolk Southern Corporation for 99-years, with unlimited renewal options thereafter. The railroad consists of 112 miles of main line road extending from western Pennsylvania through West Virginia to eastern Ohio and approximately 20 miles of branch lines and other associated real estate. P&WV’s railroad real-estate is attractively situated in the Marcellus Shale area of natural gas development.
