# EDGAR Filing Document

**Accession Number:** 0002005138
**File Stem:** 0002005138-26-000007
**Filing Date:** 2026-5
**Character Count:** 28768
**Document Hash:** f174825c15ca1b2257f6c02ab318fc49
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002005138-26-000007.hdr.sgml**: 20260526

**ACCESSION NUMBER**: 0002005138-26-000007

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 4

**FILED AS OF DATE**: 20260526

**DATE AS OF CHANGE**: 20260526

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Power REIT
- **CENTRAL INDEX KEY:** 0001532619
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 453116572
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-86617
- **FILM NUMBER:** 261018157

**BUSINESS ADDRESS:**
- **STREET 1:** 301 WINDING ROAD
- **CITY:** OLD BETHPAGE
- **STATE:** NY
- **ZIP:** 11804
- **BUSINESS PHONE:** 212-750-0373

**MAIL ADDRESS:**
- **STREET 1:** 301 WINDING ROAD
- **CITY:** OLD BETHPAGE
- **STATE:** NY
- **ZIP:** 11804
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Bradley & Daytona Railway & Land Co. LLC
- **CENTRAL INDEX KEY:** 0002005138

**ORGANIZATION NAME:**
- **EIN:** 883766772
- **STATE OF INCORPORATION:** WY

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** PO BOX 251
- **CITY:** CROMWELL
- **STATE:** CT
- **ZIP:** 06416
- **BUSINESS PHONE:** 973-979-1329

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 251
- **CITY:** CROMWELL
- **STATE:** CT
- **ZIP:** 06416

## Ex-99.A

Exhibit 99.A

**TRANSACTIONS IN THE ISSUER**'**S SECURITIES BY DAVID CACCIAPAGLIA DURING THE LAST 60 DAYS**

---

| | | | |
|:---|:---|:---|:---|
| **Transaction Description** | **Date of** <br> **Transaction** | **Securities** <br> **Purchased\*** | **Price Per** <br> **Share\*\*** |
| Purchase of Series A Preferred Stock | 4/14/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3372 | $6.75 |
| Purchase of Series A Preferred Stock | 4/20/2026 | 1000 | $7.65 |
| Purchase of Series A Preferred Stock | 4/21/2016 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1407 | $7.75 |
| Purchase of Series A Preferred Stock | 4/22/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93 | $7.75 |
| Purchase of Series A Preferred Stock | 4/28/2016 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2500 | $7.95 |
| Purchase of Series A Preferred Stock | 4/29/2026 | 2416 | $7.94 |
| Purchase of Series A Preferred Stock | 5/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;523 | $9.09 |

---

---

| |
|:---|
| \*Represents transactions made on the open market by the Reporting Person.  |
| \*\*The price reported is the purchase price for each transaction. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth above. |

---

------

Exhibit 99.A

**TRANSACTIONS IN THE ISSUER**'**S SECURITIES BY BRADLEY & DAYTONA AND ALEXANDER KACHMAR SINCE MAY 15, 2026**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Date of**  | **Securities**  | **Average** <br> **Price Per**  | **Trading Range of** <br> **Transactions** | **Trading Range of** <br> **Transactions** |
| **Transaction Description** | **Transaction** | **Purchased\*** | **Share\*\*** | **Min** | **Max** |
| Purchase of Series A Preferred Stock | 5/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;180 | $853 | $8.07 | $8.98 |
| Purchase of Series A Preferred Stock | 5/20/2026 | 28 | $8.28 | $8.28 | $8.28 |
| Purchase of Series A Preferred Stock | 5/22/2016 | 59 | $7.87 | $7.82 | $7.91 |

---

---

| |
|:---|
| \*Represents transactions made on the open market by the Reporting Persons. |
| \*\*The price reported is the average purchase price. These shares were purchased in multiple transactions at prices ranging between the "Min" and "Max" values included in the "Trading Range of Transactions" column. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth above. |

---

## Ex-99.B

Exhibit 99.B

**SCHEDULE 13D JOINT FILING AGREEMENT**

The undersigned have formed a voting group within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934 as amended (the "<u>1934 Act</u>") solely for the purpose of exercising rights of holders of the Issuer's Series A Cumulative Redeemable Perpetual Preferred Stock under the Articles Supplementary governing such securities.

In accordance with the requirements of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, and subject to the limitations set forth therein, the parties set forth below agree to jointly file the Schedule 13D to which this joint filing agreement is attached, and any subsequent amendments thereto, and have duly executed this joint filing agreement as of the date set forth below. The undersigned further agree that each party hereto is responsible for the timely filing of such Schedule 13D and any amendments thereto, and for the accuracy and completeness of the information concerning such party contained therein; provided, however, that no party is responsible for the accuracy and completeness of the information concerning any other party, unless such party knows or has reason to believe that such information is inaccurate.

---

| | |
|:---|:---|
| **Bradley & Daytona Railway and Land Co. LLC**  | **Bradley & Daytona Railway and Land Co. LLC**  |
| By: | /s/ Alexander Kachmar |
|  | Managing Member of Bradley & Daytona Railway and Land Co. LLC |
| Date: | 05/26/2026 |

---

**Alexander Kachmar**<br>

---

| | |
|:---|:---|
| By: | /s/ Alexander Kachmar |
| Date: | 05/26/2026 |

---

---

| | |
|:---|:---|
| **D & C Cacciapaglia Living Trust, U/A DTD 02/01/2013** | **D & C Cacciapaglia Living Trust, U/A DTD 02/01/2013** |
| By: | /s/ David Cacciapaglia, Trustee |
| Date: | 05/26/2026 |

---

**David Cacciapaglia Family Trust, U/A DTD 11/25/2020**

---

| | |
|:---|:---|
| By: | /s/ David Cacciapaglia, Trustee |
| Date: | 05/26/2026 |

---

**David Cacciapaglia**

---

| | |
|:---|:---|
| By: | /s/ David Cacciapaglia |
| Date: | 05/26/2026 |

---

## Ex-99.C

Exhibit 99.C

**Kenneth B. Lerman, P.C.**

Attorney at Law

*<u>Via USPS Priority Mail Express Overnight</u>* <u>–</u>*<u>Signature Required,</u>*

*<u>and via Email</u>*

May 26, 2026

Corporate Secretary

**Power REIT**

301 Winding Road

Old Bethpage, NY 11804

Attn: Mr. David H. Lesser

Chief Executive Officer, Chief Financial Officer, Secretary, and Treasurer.

Re: **Demand for Special Meeting Pursuant to Section 8 of the Articles Supplementary Governing the 7.75% Series A Cumulative Redeemable Perpetual Preferred Stock**

Dear Corporate Secretary:

The undersigned submits this demand on behalf of the following five separate beneficial owners: Bradley & Daytona Railway and Land Co. LLC, Alexander Kachmar, D & C Cacciapaglia Living Trust, U/A DTD 02/01/2013, David Cacciapaglia Family Trust, U/A DTD 11/25/2020, and David Cacciapaglia (collectively the "<u>Requesting Holders</u>") of shares of the 7.75% Series A Cumulative Redeemable Perpetual Preferred Stock of Power REIT (the "<u>Series A Preferred Stock</u>"). On behalf of the Requesting Holders demand is hereby made that Power REIT (the "<u>Trust</u>") call a special meeting of holders of the Series A Preferred Stock pursuant to Section 8(a) of the Articles Supplementary governing the Series A Preferred Stock (the "<u>Articles Supplementary</u>"). The Requesting Holders are acting together solely for the exercise of the nomination and voting rights required herein under Section 8(a) of the Articles Supplementary.

As disclosed by the Trust in its Annual Report on Form 10-K filed March 31, 2026 for the fiscal year ended December 31, 2025:

"[t]he Trust has failed to pay dividends for in excess of six quarterly periods…"

Accordingly, the voting rights provided under Section 8(a) of the Articles Supplementary have become operative, including the right of the holders of the Series A Preferred Stock, voting as a single class, to elect two (2) additional trustees to the Board of Trustees.

The Requesting Holders collectively hold, through brokerage accounts and the Depository Trust Company system, shares of the Series A Preferred Stock representing in excess of ten percent (10%) of the outstanding shares of the Series A Preferred Stock, together with the voting rights appurtenant thereto. Brokerage verification letters evidencing such holdings are attached hereto.

---

| | | |
|:---|:---|:---|
| **☑** 750 Main Street, Suite 100 |  | ☐ 621 NW 53rd Street, Suite 125 |
| Hartford, Connecticut 06103 | www.KBLpc.com | Boca Raton, Florida 33487 |
| (860) 724-7000 | info@KBLpc.com | (561) 883-0700 |

---

------

Mr. Lesser, Corporate Secretary<br> Power REIT<br> May 26, 2026<br> Page 1

The Requesting Holders hereby require that the Trust:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Call a special meeting of holders of the Series A Preferred Stock for the purpose of electing the additional trustees contemplated by Section 8(a) of the Articles Supplementary, including the election of Alexander Kachmar and David Cacciapaglia as the nominees of the Requesting Holders;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Establish an appropriate record date for such special meeting;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Provide notice of the special meeting in accordance with the governing organizational documents and applicable law; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Confirm the procedures and timeline applicable to the nomination and election of such trustees.

The Requesting Holders hereby nominate Alexander Kachmar and David Cacciapaglia for election as the additional trustees contemplated by Section 8(a) of the Articles Supplementary. The Requesting Holders reserve the right to substitute or nominate additional candidates as permitted by the governing organizational documents and applicable law.

The Requesting Holders further request access to information reasonably necessary to effectuate the rights granted under Section 8, including confirmation of the number of outstanding shares of Series A Preferred Stock and related voting procedures.

Nothing contained herein shall constitute a waiver of any rights, claims, remedies or causes of action possessed by the Requesting Holders, all of which are expressly reserved, including without limitation rights relating to accrued and unpaid dividends, governance rights, fiduciary obligations, redemption rights, conversion rights, disclosure obligations, and all other rights arising under the Articles Supplementary, organizational documents, applicable law, or otherwise.

Please direct all communications regarding this matter to the undersigned.

Sincerely,

/s/ Kenneth B. Lerman

Kenneth B. Lerman

*Via Email*:

cc: Wiliam Susman (independent trustee)

cc: Bradley & Daytona Railway and Land Co. LLC

cc: Alexander Kachmar

cc: David Cacciapaglia

Enclosures:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Verification Letter from Charles Schwab dated May 11, 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Verification Letter from Charles Schwab dated May 22, 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Verification Letter from Interactive Brokers dated May 22, 2026

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 4)**

**Power REIT**

*(Name of Issuer)*

**Series A Cumulative Redeemable Perpetual Preferred Stock Liquidation Preference $25 per Share**

*(Title of Class of Securities)*

**—**

*(CUSIP Number)*

**Alexander Kachmar**<br>Bradley & Daytona Railway and Land Co. L<br>5753 Highway, 85 N PMB 5974<br>Crestview FL 32536<br>973-979-1329

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**05/26/2026**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Bradley & Daytona Railway and Land Co. LLC** | Name of reporting person<br>**Bradley & Daytona Railway and Land Co. LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**WYOMING** | Citizenship or place of organization<br>**WYOMING** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**15052.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**37350.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**15052.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**15052.00** | Aggregate amount beneficially owned by each reporting person<br>**15052.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**4.5%** | Percent of class represented by amount in Row (11)<br>**4.5%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Alexander Kachmar** | Name of reporting person<br>**Alexander Kachmar** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**PF** | Source of funds (See Instructions)<br>**PF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**8987.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**37350.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**8987.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**8987.00** | Aggregate amount beneficially owned by each reporting person<br>**8987.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**2.7%** | Percent of class represented by amount in Row (11)<br>**2.7%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**D & C Cacciapaglia Living Trust, U/A DTD 02/01/2013** | Name of reporting person<br>**D & C Cacciapaglia Living Trust, U/A DTD 02/01/2013** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**CALIFORNIA** | Citizenship or place of organization<br>**CALIFORNIA** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**9439.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**37350.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**9439.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**9439.00** | Aggregate amount beneficially owned by each reporting person<br>**9439.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**2.8%** | Percent of class represented by amount in Row (11)<br>**2.8%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**David Cacciapaglia Family Trust, U/A DTD 11/25/2020** | Name of reporting person<br>**David Cacciapaglia Family Trust, U/A DTD 11/25/2020** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**CALIFORNIA** | Citizenship or place of organization<br>**CALIFORNIA** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**3872.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**37350.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**3872.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**3872.00** | Aggregate amount beneficially owned by each reporting person<br>**3872.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**1.1%** | Percent of class represented by amount in Row (11)<br>**1.1%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Series A Cumulative Redeemable Perpetual Preferred Stock Liquidation Preference $25 per Share

**(b) Name of Issuer:**
Power REIT

**(c) Address of Issuer's Principal Executive Offices:**
301 WINDING ROAD, OLD BETHPAGE, NY, 11804

This Amendment No. 4 to Schedule 13D ("Amendment No. 4") amends and supplements the Schedule 13D originally filed with the U.S. Securities and Exchange Commission (the "SEC") on February 25, 2026 (as amended and supplemented, the "Schedule 13D"), and amends and supplements Amendment No. 1 filed on April 24, 2026, Amendment No. 2 filed on April 24, 2026, and Amendment No. 3 filed on May 15, 2026. Unless otherwise indicated, all capitalized terms used but not defined herein shall have the meanings ascribed to them in the Schedule 13D. This Amendment No. 4 is being filed to disclose the formation of a group pursuant to Section 13(d)(3) of the Securities Exchange Act of 1934, as amended.

**Item 4. Purpose of Transaction**

The Reporting Persons have formed a voting group within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934 as amended (the "1934 Act"), solely for the purpose of exercising rights of holders of the Issuer's Series A Cumulative Redeemable Perpetual Preferred Stock under the Articles Supplementary governing such securities.  Pursuant to the Joint Filing Agreement filed as Exhibit 99.B hereto relating solely to the exercise of voting rights with respect to the Series A Preferred Stock and matters arising under Section 8 of the Articles Supplementary, the Reporting Persons may be deemed to share voting power with respect to an aggregate of approximately 11.1% of the outstanding Series A Preferred Stock with respect thereto.  Except with respect to matters arising under Section 8 of the Articles Supplementary as described herein, each Reporting Person retains sole voting power over the shares beneficially owned by such Reporting Person.  Each Reporting Person retains sole dispositive power over the shares beneficially owned by such Reporting Person.  Except as expressly described herein with respect to matters arising under Section 8 of the Articles Supplementary, the Reporting Persons disclaim beneficial ownership of the shares beneficially owned by the other Reporting Persons or being or acting as a group under Section 13(d) of the 1934 Act.

Specifically, Clause 8(a) of the Articles Supplementary provides that, as a result of the Issuer failing to pay dividends on the Series A Cumulative Redeemable Perpetual Preferred Stock for 6 or more quarters, if the holders of at least ten percent (10%) of the outstanding shares of Series A Preferred Stock so request, the Issuer must call a special election meeting for the purpose of the preferred stockholders electing two trustees to the Board of Trustees of the Issuer.

As a result of forming the voting arrangements described herein, the Reporting Persons may be deemed to share voting power with respect to approximately 11.1% of the outstanding Series A Preferred Stock and are delivering a notice to the Board of Trustees of the Issuer requiring that the Issuer initiate the preferred stockholder election process contemplated by Clause 8(a) of the Articles Supplementary, with (i) Alexander Kachmar and (ii) David Cacciapaglia as the trustee nominees for the preferred stockholder trustee election.

A copy of the Reporting Persons' letter to the Board of Trustees is attached hereto as Exhibit 99.C and is incorporated herein by reference.

The Reporting Persons may continue to communicate with one another, the Issuer, the Board of Trustees, other stockholders and other interested parties regarding matters relating to the preferred stockholder election process, the governance, operations, capitalization, strategic direction and future plans of the Issuer.

Except as set forth herein, none of the Reporting Persons currently has any plans or proposals that would relate to or result in any of the matters set forth in Items 4(a) through (j) of Schedule 13D, although each Reporting Person independently reserves the right to formulate such plans or proposals in the future.

**Item 5. Interest in Securities of the Issuer**

**(a)**
Relating solely to the exercise of voting rights with respect to the Series A Preferred Stock and matters arising under Section 8 of the Articles Supplementary, the Reporting Persons may be deemed to beneficially own an aggregate of 37,350 shares of the Issuer's Series A Preferred Stock, representing approximately 11.1% of the Issuer's outstanding Series A Preferred Stock, which percentage is calculated based upon 336,944 shares of Series A Preferred Stock outstanding as of March 31, 2026, as disclosed by the Issuer in its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, filed with the SEC on May 15, 2026.

Bradley & Daytona and Alexander Kachmar directly beneficially own 24,039 shares of Series A Preferred Stock.

D & C Cacciapaglia Living Trust, U/A DTD 02/01/2013 and David Cacciapaglia Family Trust, U/A DTD 11/25/2020 beneficially owns 13,311 shares of Series A Preferred Stock; David Cacciapaglia indirectly beneficially owns said 13,311 shares of Series A Preferred Stock through the above named trusts together.

**(b)**
The Reporting Persons may be deemed to share voting power with respect to the aggregate 37,350 shares of Series A Preferred Stock solely with respect to matters described in Item 4.  Each Reporting Person retains sole dispositive power over the shares beneficially owned by such Reporting Person.

**(c)**
The transactions in the Series A Preferred Stock by David Cacciapaglia during the past sixty days are set forth in Exhibit 99.A and incorporated herein by reference.  The transactions in the Series A Preferred Stock by Bradley & Daytona and Alexander Kachmar since Amendment No. 3 to the Schedule 13D was filed on May 15, 2026 are also included in Exhibit 99.A.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

(a)	The Reporting Persons have entered into a Joint Filing Agreement attached hereto as Exhibit 99.B pursuant to Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended.

Other than the Joint Filing Agreement and the understandings described herein, there are no contracts, arrangements, understandings or relationships among the Reporting Persons with respect to securities of the Issuer.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Bradley & Daytona Railway and Land Co. LLC

**Signature:** /s/ Alexander Kachmar

**Name/Title:** Managing Member of Bradley & Daytona Railway and Land Co. LLC

**Date:** 05/26/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Alexander Kachmar

**Signature:** /s/ Alexander Kachmar

**Name/Title:** Alexander Kachmar

**Date:** 05/26/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** D & C Cacciapaglia Living Trust, U/A DTD 02/01/2013

**Signature:** /s/ David Cacciapaglia, Trustee

**Name/Title:** David Cacciapaglia, Trustee

**Date:** 05/26/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** David Cacciapaglia Family Trust, U/A DTD 11/25/2020

**Signature:** /s/ David Cacciapaglia, Trustee

**Name/Title:** David Cacciapaglia, Trustee

**Date:** 05/26/2026