Power reit expands its colorado controlled environment agriculture footprint in highly accretive transaction

Old bethpage, new york, june 21, 2021 (globe newswire) -- power reit (nyse-amex: pw and pw.pra) (“power reit” or the “trust”) today announced that it has acquired a 10-acre property in crowley county, colorado (the “property”) through a wholly owned subsidiary (“propco”). the property will include the construction of a 12,000 square foot greenhouse space and 12,880 square feet of support buildings and infrastructure that will be funded by power reit for a total capital commitment of approximately $2.9 million.
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