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PRESS RELEASE: July 15, 2013


Power REIT Announces Closing of Second Solar Transaction


OLD BETHPAGE, NY: July 15, 2013. On July 12, 2013, Power REIT (NYSE
MKT: PW) closed on the previously announced acquisition of
approximately 100 acres of land that supports over 20MW of utility
scale solar projects located near Fresno, California.  The solar
projects benefit from long-term power purchase agreements with either
Southern California Edison (SCE) or Pacific Gas & Electric (PG&E).

The total acquisition price was approximately $1.6 million,
including transaction costs.  The acquired land is leased pursuant
to twenty-five (25) year lease agreements with total lease payments of
$157,500 per annum commencing upon achieving commercial operation of
the solar projects. The solar projects are currently in construction
and are expected to commence operation in early 2014.  The transaction
was structured to provide for monthly interim lease payments commencing
October 1, 2013 until the projects achieve commercial operation. The
leases provide two extension options to the lessee at fair market
rental rates that, if exercised, would take the leases through 2048.

The transaction was financed by acquisition bridge financing provided
by Hudson Bay Partners, LP, ("HBP") an affiliate of our Chairman and
CEO.    The company intends to refinance the bridge financing with
permanent debt and equity financing.  As previously announced, the
company recently refinanced a previous acquisition bridge financing
from HBP related to its 2012 acquisition of a solar power property in
Massachusetts with long term debt from a regional bank.

David Lesser, Chairman & CEO commented, "we expect to generate equity
yields in the mid to high-teens upon securing permanent financing for
this new acquisition.  We project the transaction will be accretive to
earnings beginning in 2014.  This acquisition advances a number of our
business objectives, including demonstrating our ability to invest in
late stage development and in-construction transactions and
establishing a presence for us in California, the most active solar
market in the U.S."


About Power REIT

Power REIT is a real estate investment trust focused on the
acquisition of real estate related to infrastructure assets, with a
core focus on renewable energy assets. Power REIT is actively seeking
to expand its real estate portfolio within the renewable energy sector
and is pursuing investment opportunities within solar, wind,
hydroelectric, geothermal, transmission and other infrastructure
projects that qualify for REIT ownership.  For more information on
Power REIT, please visit our website at: http://www.pwreit.com/.


Forward Looking Statements
This press release may contain forward-looking statements within the
meaning of the Securities Act of 1933, as amended, and the 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 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, financial condition or achievements may differ from the
anticipated results, performance, financial condition or achievements
that are expressed or implied by Power REIT's forward-looking
statements, and such differences may be significant and materially
adverse to Power REIT's security holders.

All forward-looking statements reflect 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 statements to reflect
changes in underlying assumptions or factors, new information, data or
methods, future events or other changes.  For a further discussion of
factors that could cause Power REIT's future results or financial
condition to differ materially from any forward-looking statements,
see the sections entitled "Risk Factors" in Power REIT's registration
statements and quarterly and annual reports as filed by Power REIT
from time to time with the Securities and Exchange Commission.


Investor Relations

Please contact Power REIT for further information or for business
opportunities:

Power REIT
301 Winding Road
Old Bethpage, NY 11804
212-750-0373
ir@pwreit.com
http://www.pwreit.com/