The Pittsburgh and West Virginia Railroad was organized in 1967 as a real estate investment trust to own the property leased to the N&W. The railroad is now a subsidiary of Power REIT, real estate investment trust that is publicly traded on the NYSE under the symbol "PW". The leased properties consist of a railroad line 112 miles in length, extending from Connellsville, Washington, and Allegheny Counties in the Commonwealth of Pennsylvania; Brooke County in the State of West Virginia, and Jefferson and Harrison Counties in Ohio. There are also branch lines that total 20 miles in length located in Washington County and Allegheny County in Pennsylvania and Brooke County, West Virginia. The railroad was leased in 1964 to NSC, formerly Norfolk and Western Railway Company, by the Company's predecessor for 99 years with the right of unlimited renewal for additional 99-year period under the same terms and conditions, including annual rent payments.