Attached files

Exhibit 99.1

PRESS RELEASE: MAY 15, 2012


POWER REIT ACHIEVES ANOTHER MILESTONE IN EXECUTING
ITS INFRASTRUCTURE REIT BUSINESS PLAN

WEST BABYLON, NY.  Power REIT (AMEX: PW), an infrastructure focused real-
estate investment trust, today reported that on May 11, 2012 the
Securities and Exchange Commission (SEC) declared effective Power REIT's
$100 million shelf registration statement on Form S-3.

Power REIT's Chairman and Chief Executive Officer said, "This represents
another milestone for Power REIT and its shareholders. Management has
been working over the past 12 months to position the company and set the
foundation for growth through acquisitions of infrastructure real-estate.
We are considering a number of infrastructure investment opportunities to
grow our business.  This shelf offering provides us with added
flexibility in seeking to efficiently access capital when needed to
support our investment strategy, which is intended to increase
shareholder value and dividends per share."

The company's infrastructure-focused business plan builds upon its
historical ownership of the Pittsburgh & West Virginia Railroad, which is
now a wholly owned subsidiary of Power REIT.  The company's business and
growth plan was previously described in the investor presentation that
was released on May 7, 2012 and which is available on our website under
"Investor Relations" at www.pwreit.com.

Under the Form S-3, the Company may from time to time issue any
combination of common equity or common equity linked securities
(warrants, options or units) in any amounts up to an aggregate of $100
million. The net proceeds of offerings are intended to be used to fund
new acquisitions consistent with Power REIT's business plan. The Company
does not have any immediate plans to issue securities pursuant to the
Form S-3. The terms of any offering of securities made pursuant to the
shelf registration statement will be determined at the time of the
offering and disclosed in a prospectus supplement filed with the SEC and
distributed to prospectus investors.

This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be any
offer or sale of securities in any state in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the laws of any such state.  Any offer of securities
pursuant to the shelf registration statement shall be made solely by
means of the prospectus that forms a part of the shelf registration
statement and the prospectus supplement relating to the offer.

Copies of Power REIT's public filings may be obtained at no charge at the
SEC's website at www.sec.gov, from the Power REIT website at
www.pwreit.com or by contacting Power REIT, 55 Edison Avenue, West
Babylon, NY 11704 Attn: Investor Relations, (212) 750-0373 or
ir@pwreit.com.

Forward Looking Statements

This press release may contain include forward-looking statements within
the meaning of the Securities Act of 1933, as amended, and Securities
Exchange Act of 1934, as amended. Forward-looking statements are those
that predict or describe future events or trends and that do not relate
solely to historical matters. You can generally identify forward-looking
statements as statements containing the words "believe," "expect,"
"will," "anticipate," "intend," "estimate," "would," "should," "project,"
"plan," "assume" or other similar expressions, or negatives of those
expressions, although not all forward-looking statements contain these
identifying words. All statements contained in this press release
regarding Power REIT's future strategy, future operations, projected
financial position, estimated future revenues, projected costs, future
prospects, the future of the Power REIT's industries and results that
might be obtained by pursuing management's current or future plans and
objectives are forward-looking statements. Over time, Power REIT's actual
results, performance or achievements will likely differ from the
anticipated results, performance or achievements that are expressed or
implied by the Power REIT's forward-looking statements, and such
difference might be significant and materially adverse to Power REIT's
security holders.

All forward-looking statements reflect the Power REIT's good faith
beliefs, assumptions and expectations, but they are not guarantees of
future performance.  Furthermore, Power REIT disclaims any obligation to
publicly update or revise any forward-looking statement to reflect
changes in underlying assumptions or factors, of new information, data or
methods, future events or other changes.  For a further discussion of
these and other factors that could cause Power REIT's future results to
differ materially from any forward-looking statements, see the section
entitled "Risk Factors" in Power REIT's shelf registration statement
filed with the SEC on Form S-3/A on May 11, 2012, and other risks
described in documents subsequently filed by Power REIT from time to time
with the SEC