Power REIT announced that through its Board of Trustees acting pursuant to its bylaws appointed Dionisio D'Aguilar, age 57, to the Board of Trustees effective immediately. Mr. D'Aguilar will serve on the Nominating Committee and Special Committee-Related Party Transactions of the Board of Trustees. Mr. D'Aguilar has more than 30 years of accounting, finance, and government experience.

From March 1993 through May 2017 and from September 2021 to present, Mr. D'Aguilar served as the President and CEO of Superwash Limited, which is the larger chain of self-service laundries in the Bahamas.