---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-004510"
form_type: "8-K"
ticker: "PW"
cik: "0001532619"
company_name: "Power REIT"
filed_at: "2024-01-31T23:59:59+00:00"
generated_at: "2026-06-06T13:25:01.241904+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Power REIT sells ground lease interest in Salisbury solar farm for $1.2M

## Summary
- Gross proceeds of $1.2 million from sale of ground lease interest in utility-scale solar farms in Salisbury, Mass.
- Purchaser is unaffiliated; price determined by arm's length negotiation.
- Sale is part of strategic review; company focused on controlled environment agriculture (greenhouses) and cannabis.
- Cannabis wholesale market pressures have significantly impacted tenant cash flows; additional asset sales possible.

## SEC filing metadata
- accession: 0001493152-24-004510
- form_type: 8-K
- ticker: PW
- cik: 0001532619
- company_name: Power REIT
- filed_at: 2024-01-31T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 2.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1532619/000149315224004510/0001493152-24-004510-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1532619/000149315224004510/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-004510
- JSON: https://secwatch.observer/filing/0001493152-24-004510.json
- Plain text: https://secwatch.observer/filing/0001493152-24-004510.txt

## Key facts
- M&A Transactions
  Power REIT completed a disposition involving an unaffiliated third party for $1.2 million (closed 2024-01-30).
  - Action: disposition
  - Counterparty: an unaffiliated third party
  - Consideration: $1.2 million
  - Closing: 2024-01-30
  source text: a wholly owned subsidiary of Power REIT sold its interest in a ground lease related to utility scale solar farms located in Salisbury, Mass. for gross proceeds of $1.2 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1532619/000149315224004510/0001493152-24-004510-index.htm

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