---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-004829"
form_type: "8-K"
ticker: "PW"
cik: "0001532619"
company_name: "Power REIT"
filed_at: "2025-04-15T23:59:59+00:00"
generated_at: "2026-05-23T14:37:44.212254+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Power REIT resolves greenhouse loan default with deeds-in-lieu; retains some assets, explores new focus

## Summary
- Provided deeds-in-lieu of foreclosure for greenhouse properties in Michigan and Nebraska to lender, releasing remaining collateral and Greenhouse Loan obligations.
- Pro forma net loss attributable to common shareholders reduced from $25.4M to $8.2M for FY2024; total assets drop from $46.1M to $29.0M.
- Retained assets include properties in Colorado, California, and Maine, plus a greenhouse in Oklahoma not part of the loan.
- Company will continue managing retained assets and is evaluating distressed real estate situations including properties, loans, and companies.
- Write-off of Nebraska and Michigan properties eliminates ongoing costs of maintaining vacant greenhouses.

## SEC filing metadata
- accession: 0001641172-25-004829
- form_type: 8-K
- ticker: PW
- cik: 0001532619
- company_name: Power REIT
- filed_at: 2025-04-15T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1532619/000164117225004829/0001641172-25-004829-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1532619/000164117225004829/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-004829
- JSON: https://secwatch.observer/filing/0001641172-25-004829.json
- Plain text: https://secwatch.observer/filing/0001641172-25-004829.txt

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