Power REIT Expands In Colorado, Buys Property for Greenhouse Cannabis Cultivation

Power REIT (NYSE-AMEX: PW), an infrastructure assets-focused real estate investment trust, has purchased a 2.11-acre property in Crowley County, Colorado.

The company, whose portfolio specializes in controlled environment agriculture, also owns parcels for renewable energy and transportation.

The deal was priced at $1.3 million. It also includes Power REIT's support of an 18,528 square-foot greenhouse and processing facility construction.

Furthermore, Power REIT — via a subsidiary — signed a 20-year triple-net lease with tenant Green Mile, which is set to run …

Full story available on Benzinga.com

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