Attached files

Exhibit 99.1

PRESS RELEASE: MAY 18, 2012


LEADING PROXY ADVISORY FIRMS RECOMMEND
POWER REIT'S INCUMBENT TRUSTEE NOMINEES

WEST BABYLON, NY, May 18, 2012.  Power REIT (AMEX: PW), a real-estate
investment trust focused on investing in energy and transportation
infrastructure, with a focus on renewable energy, today reported that
both Institutional Shareholder Services Inc. ("ISS") and Glass Lewis &
Co. ("Glass Lewis") recommend that Power REIT shareholders vote "FOR ALL"
of the incumbent trustee nominees (Messrs. David H. Lesser, Virgil E.
Wenger, William S. Susman and Patrick R. Haynes, III).   ISS and Glass
Lewis are two of the leading proxy advisory firms in the U.S.  Their
analyses and reports are relied upon by hundreds of major institutional
investment firms, mutual and pension funds, and other fiduciaries.

ISS noted in its report, dated May 17, 2012, that "Mr. Lesser's 9.1
percent purchased share ownership ...serves to align his interest" with
shareholders.   Mr. Lesser, Power REIT's Chairman and Chief Executive
Officer noted, "the existing management team has been working hard over
the past twelve months to position the company for exciting growth
opportunities in the infrastructure sector.  We appreciate the support of
our shareholders as we execute our infrastructure REIT business plan."

Shareholders and others are encouraged to review the company's investor
presentation on our company's website at www.pwreit.com under "Investor
Relations," and to call the company at 212-750-0373 or email us at
ir@pwreit.com to discuss our business plans.

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