Power REIT Buys 2 Properties In Colorado For ‘Cultivation Complex’

Power REIT (NYSE: PW) has acquired two Colorado parcels.

The Old Bethpage, New York-based company purchased properties in Crowley County for a total of $150,000.

The parcels span 2.37 acres and 2.09 acres, respectively.

Powe REIT also entered into a triple-net deal with Monte Fiore, an operator of cannabis cultivation facilities.

Under the agreement, Monte Fiore is obliged to compensate for all expenses related to properties, such as maintenance, insurance, and taxes.

The deal has a …

Full story available on Benzinga.com

More Power REIT Buys 2 Properties In Colorado For 'Cultivation Complex'