---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-007316"
form_type: "8-K"
ticker: "PW"
cik: "0001532619"
company_name: "Power REIT"
filed_at: "2022-03-21T23:59:59+00:00"
generated_at: "2026-06-26T21:21:53.219986+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Power REIT commits $3.5M for energy efficiency improvements at Maine greenhouse; annual rent increases $654K

## Summary
- Capital commitment of ~$3.5M for installation of cogeneration system at Sweet Dirt greenhouse in York County, Maine.
- Annual rent increases by ~$654K, implying ~19% unleveraged core FFO yield on the investment.
- Cogeneration system to improve energy efficiency; tenant Sweet Dirt is vertically integrated cannabis company in Maine.
- Vendor IntelliGen Power Systems owned by affiliate of CEO David H. Lesser (related-party transaction).
- Greenhouse is ~48,000 sq ft on 6 acres; Sweet Dirt employs 130+ and plans two more retail stores in Q2 2022.

## SEC filing metadata
- accession: 0001493152-22-007316
- form_type: 8-K
- ticker: PW
- cik: 0001532619
- company_name: Power REIT
- filed_at: 2022-03-21T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1532619/000149315222007316/0001493152-22-007316-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1532619/000149315222007316/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-007316
- JSON: https://secwatch.observer/filing/0001493152-22-007316.json
- Plain text: https://secwatch.observer/filing/0001493152-22-007316.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.