secwatch / observer

Power REIT — fact timeline

Source-grounded facts extracted from Power REIT's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

PW Power REIT JSON

Brent Morrison was appointed as independent trustee at Power REIT.

“On July 6, 2026, the Board of Trustees (the “Board”) of Power REIT (the “Trust”) appointed Brent Morrison to serve as an independent trustee of the Trust, effective immediately.”
M&A Transactions

Power REIT completed a disposition involving an unaffiliated third party for $1.2 million (closed 2024-01-30).

“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.”
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).

“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”
M&A Transactions

Power REIT completed a disposition involving affiliate of its tenant for $4,250,000 sale price plus an $850,000 note with 8.5% interest secured by a second mortgage and guarantees (closed 2023-11-01).

“into a Purchase and Sale Agreement related to this property that has been renegotiated based on current circumstances as part of proceeding towards closing. The sale price was $4,250,000. As part of the transaction, PW SD has provided an $850,000 note with an 8.5% interest rate that will accrue until maturity on October 30, 2025. The note is secured by a second”
Shareholder Votes

Power REIT shareholders approved Ratification of MaloneBailey LLP as the Trust’s independent audit firm for 2023 at the 2023-09-14 meeting.

“Shareholders ratified MaloneBailey LLP as the Trust’s independent audit firm for 2023. For Against Abstain 2,024,596 211,241 40,961”
Shareholder Votes

Power REIT shareholders approved Election of five nominees to the Board of Trustees for a one-year term at the 2023-09-14 meeting.

“Shareholders elected each of the five nominees to the Board of Trustees for a one-year term. For Withheld David H. Lesser 872,191 617,521 Virgil E. Wenger 760,289 729,423 Patrick R. Haynes, III 751,205 738,507 William S. Susman 644,223 845,489 Dionisio D'Aguilar 752,231 737,481”
M&A Transactions

Power REIT completed a disposition for $2.5 million (closed 2023-01-06).

“On January 6, 2023, a wholly owned subsidiary of Power REIT sold its interest in five ground leases related to utility scale solar farms located in Tulare County, California for gross proceeds of $2.5 million.”

Paula Poskon resigned as member of the Board of Trustees at Power REIT.

“On March 22, 2022, Power REIT (“Power REIT” or the “Trust”), the Board of Trustees of Power REIT received by email a resignation letter from Paula Poskon, a member of the Board of Trustees (the “Resignation Letter”), pursuant to which Ms. Poskon resigned as a member of the Board of Trustees effective immediately.”

Dionisio D'Aguilar was appointed as Member of the Board of Trustees at Power REIT.

“On March 16, 2022, Power REIT (“Power REIT” or the “Trust”), through its Board of Trustees acting pursuant to its bylaws, appointed Dionisio D’Aguilar, age 57, to the Board of Trustees effective immediately.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.