Power REIT: A sustainable real estate trust investing in greenhouses, solar farms, and railroads.
Location
Old Bethpage, NY, US
Founded
2011
Power REIT is a specialized real estate investment trust (REIT) focused on sustainable real estate with attractive risk-adjusted returns. The firm's portfolio includes controlled environment agriculture (greenhouses), solar farm land, and transportation assets. Power REIT primarily targets expansion in the controlled environment agriculture sector, acquiring greenhouse properties for food and cannabis cultivation.
The trust's diverse holdings include greenhouses leased for medical cannabis production, ground leases underlying utility-scale solar farms, and a railroad leased to Norfolk Southern. Power REIT's investment strategy emphasizes accretive acquisitions in the greenhouse sector, aiming to capitalize on the growing demand for sustainable agriculture and cannabis cultivation facilities.
Power Reit - Classification
NAICS
520000Finance and Insurance
523000Securities, Commodity Contracts, and Other Financial Investments and Related Activities