SECURITIES AND EXCHANGE COMMISSION
Washington, DC  20549

FORM 8-K

Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934


POWER REIT
(Exact Name of Registrant as Specified in Its Charter)

Maryland
(State or Other Jurisdiction of Incorporation)



        333-177802                         45-3116572
(Commission File Number)       (I.R.S. Employer Identification No.)

301 Winding Road, Old Bethpage, New York	  11804
(Address of Principal Executive Offices)	(Zip Code)

                              (212) 750-0373
         (Registrant's Telephone Number, Including Area Code)



Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligations of the registrant
under any of the following provisions

[ ] Written communications pursuant to Rule 425 under the
Securities Act (17 CFT|R 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))


[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))



SECTION 8: OTHER EVENTS

Item 8.01
On March 27, 2013 the Registrant's subsidiary, PW Salisbury
Solar, LLC ("PWSS") amended the terms of a bridge loan that was
obtained on December 28, 2012 from Hudson Bay Partners, LP, a
wholly-owned affiliate of David H. Lesser ("DHL"), our CEO and
Chairman.  The amendment provides PWSS with additional financial
flexibility by extending the initial maturity of the bridge loan
from June 30, 2013 to June 30, 2014 and providing PWSS with a
single extension option to extend through January 31,2015.
Interest remains payable semi-annually during the initial term
and at maturity if extended. Interest remains at 5.0% through the
end of June 30, 2013 and 8.5% thereafter. There were no fees or
legal expenses paid in connection with this extension.

The bridge loan is prepayable at any time, without penalty. The
bridge loan is secured by a first-lien mortgage on the property
and a parent guarantee from Power REIT.

In December 2012, the independent trustees of Power REIT
met without DHL present to approve the initial bridge loan,
deeming it to be in the interests of the company and on
economic terms that are favorable and demonstrative of
DHL's commitment to the company and its business plan. The
independent trustees have also deemed the amendment is
favorable and in the interest of the company.


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.



Date:	March 28, 2013


POWER REIT

By:	/s/ David H. Lesser
Name:	David H. Lesser
Title:	CEO and Chairman