Attached files

Exhibit 99.1

PRESS RELEASE: APRIL 20, 2012


POWER REIT ANNOUNCES
RECORD DATE FOR ITS ANNUAL MEETING


WEST BABYLON, NY.  On April 20, 2012, Power REIT, a Maryland real estate
investment trust, announced that its Board of Trustees has set May 24,
2012 as the date of its annual meeting of shareholders and the close of
business on April 30, 2012, as the record date for determining
shareholders entitled to receive notice of, and to vote at, the 2012
annual meeting of shareholders.   In addition to this announcement,
Power REIT will seperately send notice and proxy materials to
shareholders of record.

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 registration statement filed with
the SEC on April 12, 2012, and other risks described in documents
subsequently filed by Power REIT from time to time with the SEC.

Investor Relations

Please contact Arun Mittal for further information or for business
opportunities:

Arun Mittal, CFA
VP Business Development
Power REIT
55 Edison Avenue
West Babylon, NY 11704
(T) 917-470-9093
(E) ir@pwreit.com
(W) http://www.pwreit.com/