0000000000-25-001089.txt : 20250304 0000000000-25-001089.hdr.sgml : 20250304 20250131173608 ACCESSION NUMBER: 0000000000-25-001089 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20250131 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: Power REIT CENTRAL INDEX KEY: 0001532619 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 453116572 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD SEC FILE NUMBER: 333-284503 BUSINESS ADDRESS: STREET 1: 301 WINDING ROAD CITY: OLD BETHPAGE STATE: NY ZIP: 11804 BUSINESS PHONE: 212-750-0373 MAIL ADDRESS: STREET 1: 301 WINDING ROAD CITY: OLD BETHPAGE STATE: NY ZIP: 11804 PUBLIC REFERENCE ACCESSION NUMBER: 0001493152-25-003648 LETTER 1 filename1.pdf begin 644 filename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Y.6L1$1$1$1'YJ<1ZD(P;N :P;(PMO0]%7RP6I$VB MD-@8WS:+^EC>-D$7,R3"EM5H' 7)@N-&&_KFQ1:^:BQ#6(;'[IPF9?J$L#2F MYNM$U:D"3CU-K#4:W69C4[%A:+HHNZXF&QTR[.&&[-ZLBOK[TT&BX;B<.Q>K ML9-9BO-+:E!T0I]39NU$L++(O*O8=32W$'4..9D01T1$1$1$1'XVA!W8DH]R M7FSX;59>E]+#Y)Y;CCO1Q)R(1L[8:VI).,X:Z^-A\[&OQVH5:WM MV!RWN5*USN:K>85K%S?KF5_'GKFD(R(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B M(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B-^<_YA"2G IE;F1S M=')E86T*96YD;V)J"C$S(# @;V)J"CP\+T)I='-097)#;VUP;VYE;G0@."]# M;VQO TEXT-EXTRACT 2 filename2.txt January 31, 2025 David Lesser Chief Executive Officer Power REIT 301 Winding Road Old Bethpage, New York 11804 Re: Power REIT Registration Statement on Form S-3 Filed January 24, 2025 File No. 333-284503 Dear David Lesser: We have conducted a limited review of your registration statement and have the following comment. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe a comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to this letter, we may have additional comments. Registration Statement on Form S-3 General 1. We note your disclosure that the greenhouse portfolio secures a loan, which Greenhouse Loan is currently in default. It appears that a material event of default occurred after the fiscal year ended December 31, 2023, which audited financial statements have been incorporated by reference in the filing. The occurrence of a material default would render you ineligible to use Form S-3 until the filing of your next Form 10-K. Please clarify when the default occurred and provide us with your analysis of your ability to register securities on Form S-3 at this time. Refer to General Instruction I.A.4 of Form S-3. For additional guidance, please see Question 115.16 of Securities Act Forms Compliance and Disclosure Interpretations. January 31, 2025 Page 2 We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate time for us to review any amendment prior to the requested effective date of the registration statement. Please contact Ruairi Regan at 202-551-3269 or Pam Howell at 202-551-3357 with any other questions. Sincerely, Division of Corporation Finance Office of Real Estate & Construction cc: Leslie Marlow, Esq.