---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-001835"
form_type: "8-K"
ticker: "PW"
cik: "0001532619"
company_name: "Power REIT"
filed_at: "2024-01-09T23:59:59+00:00"
generated_at: "2026-06-07T01:28:13.349062+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Power REIT sells two Colorado cannabis greenhouses for $1.325M; provides seller financing

## Summary
- Sale price of $1,325,000 for Sherman 6 and Tamarack 14 properties in Ordway, CO; one vacant.
- Seller financing note of $1,250,000 at 10% initial interest rate, three-year maturity, fixed amortization.
- Sale is part of strategic review to enhance liquidity amid financial pressure on cannabis tenants.
- Wholesale cannabis market downturn cited as putting significant pressure on tenants and Power REIT.
- Note secured by first mortgage and personal/corporate guarantees from the tenant affiliate.

## SEC filing metadata
- accession: 0001493152-24-001835
- form_type: 8-K
- ticker: PW
- cik: 0001532619
- company_name: Power REIT
- filed_at: 2024-01-09T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1532619/000149315224001835/0001493152-24-001835-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1532619/000149315224001835/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-001835
- JSON: https://secwatch.observer/filing/0001493152-24-001835.json
- Plain text: https://secwatch.observer/filing/0001493152-24-001835.txt

## Key facts
- M&A Transactions
  Power REIT completed a disposition involving an affiliate of a tenant of one of the properties for sale price was $1,325,000; seller financing provided in the amount of $1,250,000 with an initial 10% interest rate that increases over time until maturity, thre (closed 2024-01-08).
  - Action: disposition
  - Counterparty: an affiliate of a tenant of one of the properties
  - Consideration: sale price was $1,325,000; seller financing provided in the amount of $1,250,000 with an initial 10% interest rate that increases over time until maturity, thre
  - Closing: 2024-01-08
  source text: of one of the properties. The properties are described in prior filings as Sherman 6 (affiliated with the tenant/purchaser) and Tamarack 14 which was vacant. The sale price was $1,325,000. As part of the transaction, a subsidiary provided seller financing in the amount of $1,250,000 with an initial 10% interest rate that increases over time until maturity. The
  evidence_url: https://www.sec.gov/Archives/edgar/data/1532619/000149315224001835/0001493152-24-001835-index.htm

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