---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-008748"
form_type: "8-K"
ticker: "PW"
cik: "0001532619"
company_name: "Power REIT"
filed_at: "2022-04-01T23:59:59+00:00"
generated_at: "2026-06-26T10:37:51.177705+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Power REIT acquires 1.1M sq ft tomato greenhouse for $9.35M; 10-year lease yields ~11%

## Summary
- Acquired 1,121,513 sq ft greenhouse in O'Neill, NE for $9.35M; includes employee housing.
- 10-year triple-net lease with Millennium Produce (MILC sub); $1.0M annual rent, ~11% unleveraged Core FFO yield.
- Capital improvements of ~$534K funded; property had been operational for 15 years.
- CEO David Lesser is also CEO of MILC (related-party transaction).
- Forward Core FFO run rate $0.83/quarter per share based on in-place deals; stock at 12.4x multiple.

## SEC filing metadata
- accession: 0001493152-22-008748
- form_type: 8-K
- ticker: PW
- cik: 0001532619
- company_name: Power REIT
- filed_at: 2022-04-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1532619/000149315222008748/0001493152-22-008748-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1532619/000149315222008748/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-008748
- JSON: https://secwatch.observer/filing/0001493152-22-008748.json
- Plain text: https://secwatch.observer/filing/0001493152-22-008748.txt

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