United States
Power REIT is a real estate investment trust (REIT) that focuses on sustainable real estate for the cultivation of cannabis and food production. The company owns real estate assets related to infrastructure, including properties for controlled environment agriculture, renewable energy, and transportation.
The company's sustainability statement emphasizes its focus on environmentally friendly solutions, such as Controlled Environment Agriculture (CEA) facilities, which consume approximately 70% less energy than traditional indoor growing operations. Power REIT's greenhouse properties operate without the use of pesticides, avoiding agricultural runoff of fertilizers and pesticides.
Moreover, the company's renewable energy assets comprise land and infrastructure associated with utility-scale solar farms, producing power without the use of fossil fuels and lowering carbon emissions. The solar farms can power approximately 4,600 homes on a carbon-free basis annually.
Power REIT's transportation assets include land associated with a railroad, providing an environmentally friendly mode of bulk transportation.
Founded in 1916 and headquartered in the United States, the company has recently received a $20.00M post-IPO debt investment as of 23 December 2021.
