Power REIT enters ATM equity sales agreement; pivots to distressed real estate after greenhouse struggles

Power REIT

Entered ATM sales agreement with A.G.P./Alliance Global Partners to issue common shares; 3.0% commission.
Entire greenhouse portfolio (249 acres, ~2.1M sq ft) being marketed for sale; market weak.
Greenhouse loan in default but non-recourse to Power REIT, limiting exposure.
Shifting focus to distressed real estate opportunities including debt and distressed properties.
Portfolio also includes 112 miles of railroad and 447 acres of solar leases (82 MW capacity).

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