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Innovative Industrial Properties Inc

Innovative Industrial Properties Announces Q2 2021 Operating, Investment and Capital Markets Activity

Innovative Industrial Properties Announces Q2 2021 Operating, Investment and Capital Markets Activity

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today its operating, investment and capital markets activity from April 1, 2021 through today. Operating Activity As of Ju... Read More...
Innovative Industrial Properties Declares Second Quarter 2021 Dividends

Innovative Industrial Properties Declares Second Quarter 2021 Dividends

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a second quarter 2021 dividend of $1.40 per share of common stock, representi... Read More...
Innovative Industrial Properties Prices Private Offering of 5.50% Senior Notes Due 2026

Innovative Industrial Properties Prices Private Offering of 5.50% Senior Notes Due 2026

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (the “Company”) (NYSE: IIPR) announced today that its operating partnership, IIP Operating Partnership, LP (the “Operating Partnership”), priced a private offering of $300 million aggregate principal amount of 5.50% Senior Notes due 2026 (the “notes”). The notes mature on ... Read More...
Innovative Industrial Properties Acquires Pennsylvania Property and Expands Real Estate Partnership with Parallel, a Leading U.S. Cannabis Well-Being Company

Innovative Industrial Properties Acquires Pennsylvania Property and Expands Real Estate Partnership with Parallel, a Leading U.S. Cannabis Well-Being Company

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR), the first and only real estate company on the New York Stock Exchange focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisition of a property in Pittsburgh, Pennsylvania, which is expected to comprise approximate... Read More...
Innovative Industrial Properties Reports First Quarter 2021 Results

Innovative Industrial Properties Reports First Quarter 2021 Results

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the medical-use U.S. cannabis industry, announced today results for the first quarter ended March 31, 2021. First Quarter 2021 and Year-to-Date Highlights Financial Resu... Read More...
Innovative Industrial Properties Announces Year-to-Date 2021 Operating, Investment and Capital Markets Activity

Innovative Industrial Properties Announces Year-to-Date 2021 Operating, Investment and Capital Markets Activity

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today its operating, investment and capital markets activity for the year-to-date through April 5, 2021. Operating Activity... Read More...
Innovative Industrial Properties Expands Real Estate Partnership with Jushi Holdings Inc. Subsidiary at Pennsylvania Grower-Processor Facility

Innovative Industrial Properties Expands Real Estate Partnership with Jushi Holdings Inc. Subsidiary at Pennsylvania Grower-Processor Facility

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it entered into an amendment of the lease with a subsidiary of Jushi Holdings Inc. (Jushi) (CSE: JUSH; OTCMKTS: J... Read More...
Innovative Industrial Properties Declares First Quarter 2021 Dividends

Innovative Industrial Properties Declares First Quarter 2021 Dividends

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a first quarter 2021 dividend of $1.32 per share of common stock, representin... Read More...
Innovative Industrial Properties Acquires Texas Property and Expands Real Estate Partnership with Parallel, a Leading U.S. Cannabis Well-Being Company

Innovative Industrial Properties Acquires Texas Property and Expands Real Estate Partnership with Parallel, a Leading U.S. Cannabis Well-Being Company

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR), the first and only real estate company on the New York Stock Exchange focused on the regulated U.S. cannabis industry, announced today that it completed the acquisition of a property in San Marcos, Texas, and entered into a long-term lease with Surterra... Read More...
Innovative Industrial Properties Acquires Property in Florida and Enters Into Long-Term Lease with Harvest

Innovative Industrial Properties Acquires Property in Florida and Enters Into Long-Term Lease with Harvest

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisition of a property in Alachua, Florida, which comprises approximately 295,000 square feet... Read More...
Innovative Industrial Properties Expands Real Estate Partnership with Holistic Industries in California

Innovative Industrial Properties Expands Real Estate Partnership with Holistic Industries in California

Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it signed a long-term lease with Holistic Industries Inc. (Holistic) for its property located in Los Angeles, California.As previously report... Read More...
Innovative Industrial Properties Announces Promotions of Andy Bui to Vice President, Chief Accounting Officer and Kelly Spicher to Vice President, Real Estate Counsel

Innovative Industrial Properties Announces Promotions of Andy Bui to Vice President, Chief Accounting Officer and Kelly Spicher to Vice President, Real Estate Counsel

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today the promotions of Andy Bui to Vice President, Chief Accounting Officer and Kelly Spicher to Vice President, Real Estat... Read More...
Innovative Industrial Properties Acquires Massachusetts and Washington Properties and Enters Into Long-Term Leases with 4Front

Innovative Industrial Properties Acquires Massachusetts and Washington Properties and Enters Into Long-Term Leases with 4Front

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisitions of a property in Georgetown, Massachusetts and a property in Olympia, Washington, w... Read More...
Innovative Industrial Properties Declares Fourth Quarter 2020 Dividends

Innovative Industrial Properties Declares Fourth Quarter 2020 Dividends

Represents Ninth Increase in Common Stock Dividend since December 2016 IPOInnovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a fourth quarter 2020 dividend ... Read More...
Innovative Industrial Properties Expands Real Estate Partnership with PharmaCann at New York Property

Innovative Industrial Properties Expands Real Estate Partnership with PharmaCann at New York Property

IIP Commits Additional $31.0 Million for Future Redevelopment, Extending Lease Term Through 2040Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it entered into an amendment of the lease wit... Read More...
Innovative Industrial Properties Expands Long-Term Real Estate Partnership with Kings Garden with Acquisition of New California Property

Innovative Industrial Properties Expands Long-Term Real Estate Partnership with Kings Garden with Acquisition of New California Property

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it is extending its long-term real estate relationship with Kings Garden Inc. (Kings Garden), one of California’s... Read More...
Innovative Industrial Properties Reports Third Quarter 2020 Results

Innovative Industrial Properties Reports Third Quarter 2020 Results

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the medical-use U.S. cannabis industry, announced today results for the quarter ended September 30, 2020. Third Quarter 2020 and Subsequent Events Highlights Financial... Read More...
Innovative Industrial Properties Acquires Florida Property and Expands Real Estate Partnership with Parallel, a U.S. Cannabis Company

Innovative Industrial Properties Acquires Florida Property and Expands Real Estate Partnership with Parallel, a U.S. Cannabis Company

Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisition of a property in Lakeland, Florida from an affiliate of Parallel, one of the largest privately-held multi-state ... Read More...
Innovative Industrial Properties Declares Third Quarter 2020 Dividends

Innovative Industrial Properties Declares Third Quarter 2020 Dividends

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a third quarter 2020 dividend of $1.17 per share of common stock, representin... Read More...
Innovative Industrial Properties Acquires Michigan Property and Expands Real Estate Partnership with Holistic Industries

Innovative Industrial Properties Acquires Michigan Property and Expands Real Estate Partnership with Holistic Industries

IIP Expands Property Portfolio to 62 Properties in 16 States Comprising Over 4.7 Million Square FeetInnovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisition of a propert... Read More...
Innovative Industrial Properties Expands Real Estate Partnership with AWH at Illinois Property

Innovative Industrial Properties Expands Real Estate Partnership with AWH at Illinois Property

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it entered into an amendment of the lease with a subsidiary of Ascend Wellness Holdings, LLC (AWH) at the propert... Read More...
Green Thumb Industries and Cookies Enter Exclusive Partnership to Open Cookies on the Strip in Las Vegas

Green Thumb Industries and Cookies Enter Exclusive Partnership to Open Cookies on the Strip in Las Vegas

Cookies StoreCookies and Green Thumb Industries announced an exclusive partnership to open Cookies on the Strip in Las Vegas with an expected opening in the first quarter 2021. (Sample Cookies store exterior)Cookies and Green Thumb Industries announced an exclusive partnership to open Cookies on the Strip in Las Vegas with an expected ope... Read More...
Innovative Industrial Properties Reports Second Quarter 2020 Results

Innovative Industrial Properties Reports Second Quarter 2020 Results

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the medical-use U.S. cannabis industry, announced today results for the quarter ended June 30, 2020. Second Quarter 2020 and Subsequent Events Highlights Financial Re... Read More...
Innovative Industrial Properties to Report 2020 Second Quarter Results

Innovative Industrial Properties to Report 2020 Second Quarter Results

Innovative Industrial Properties, Inc. (NYSE: IIPR) announced today it will report results for its second quarter ended June 30, 2020 after the market closes on Wednesday, August 5, 2020.Alan Gold, Executive Chairman, Paul Smithers, President and Chief Executive Officer, Catherine Hastings, Chief Financial Officer, and Ben Regin, Vice Pre... Read More...
Columbia Care Raises Approximately $14 Million of Non-Dilutive Capital Through Second Sale Leaseback

Columbia Care Raises Approximately $14 Million of Non-Dilutive Capital Through Second Sale Leaseback

NEW YORK--(BUSINESS WIRE)--Columbia Care Inc. (NEO: CCHW) (CSE: CCHW) (OTCQX: CCHWF) (FSE: 3LP) (“Columbia Care” or the “Company”) announced the close of its sale leaseback transaction with Innovative Industrial Properties (NYSE:IIPR) (“IIP”) valued at approximately $14 million. The transaction includes the Company’s dispensary, cultivati... Read More...
Innovative Industrial Properties Acquires New Jersey Property and Enters Into Long-Term Lease with Curaleaf

Innovative Industrial Properties Acquires New Jersey Property and Enters Into Long-Term Lease with Curaleaf

IIP Expands Portfolio to 4.5 Million Square Feet in 16 StatesInnovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisition of a property in Blue Anchor, New Jersey, which com... Read More...
Innovative Industrial Properties Announces Public Offering of 1,800,000 Shares of Common Stock

Innovative Industrial Properties Announces Public Offering of 1,800,000 Shares of Common Stock

Innovative Industrial Properties, Inc. (the "Company") (NYSE: IIPR) announced today that it has commenced a public offering of 1,800,000 shares of its common stock. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 270,000 shares of its common stock. All of the shares are being sold by the Compa... Read More...
Innovative Industrial Properties Expands Real Estate Partnership with Green Leaf at Pennsylvania Property

Innovative Industrial Properties Expands Real Estate Partnership with Green Leaf at Pennsylvania Property

Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it entered into an amendment of the lease with a subsidiary of Green Leaf Medical, LLC (Green Leaf) at 135 Horton Drive in Saxton, Pennsylvan... Read More...
Innovative Industrial Properties Declares Second Quarter 2020 Dividends

Innovative Industrial Properties Declares Second Quarter 2020 Dividends

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a second quarter 2020 dividend of $1.06 per share of common stock, representi... Read More...
Innovative Industrial Properties Acquires Pennsylvania Property and Expands Real Estate Partnership with Holistic Industries

Innovative Industrial Properties Acquires Pennsylvania Property and Expands Real Estate Partnership with Holistic Industries

Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisition of a property located at 911 Industrial Street in New Castle, Pennsylvania, which comprises approximately 108,00... Read More...
Innovative Industrial Properties Upsizes and Prices Public Offering of Common Stock

Innovative Industrial Properties Upsizes and Prices Public Offering of Common Stock

Innovative Industrial Properties, Inc. (the "Company") (NYSE: IIPR) announced today the upsize and pricing of an underwritten public offering of 1,348,389 shares of its common stock for gross proceeds of approximately $100.0 million. The offering is expected to close on or about May 29, 2020, subject to customary closing conditions. The C... Read More...
Innovative Industrial Properties Announces Public Offering of 1,000,000 Shares of Common Stock

Innovative Industrial Properties Announces Public Offering of 1,000,000 Shares of Common Stock

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (the “Company”) (NYSE: IIPR) announced today that it has commenced a public offering of 1,000,000 shares of its common stock. The Company expects to grant the underwriter a 30-day option to purchase up to an additional 150,000 shares of its common stock. All of the shares ... Read More...
Innovative Industrial Properties Acquires California Property and Expands Long-Term Real Estate Partnership with Kings Garden

Innovative Industrial Properties Acquires California Property and Expands Long-Term Real Estate Partnership with Kings Garden

Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisition of a property in southern California, which comprises approximately 70,000 square feet of industrial space.The p... Read More...
Innovative Industrial Properties Reports First Quarter 2020 Results

Innovative Industrial Properties Reports First Quarter 2020 Results

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the medical-use U.S. cannabis industry, announced today results for the quarter ended March 31, 2020. First Quarter 2020 and Year-to-Date Highlights Financial Results... Read More...
Innovative Industrial Properties to Report 2020 First Quarter Results

Innovative Industrial Properties to Report 2020 First Quarter Results

Innovative Industrial Properties, Inc. (NYSE: IIPR) announced today it will report results for its first quarter ended March 31, 2020 after the market closes on Wednesday, May 6, 2020.Alan Gold, Executive Chairman, Paul Smithers, President and Chief Executive Officer, Catherine Hastings, Chief Financial Officer, and Ben Regin, Vice Presid... Read More...
Alan Gold, Executive Chairman of Innovative Industrial Properties, Responds to Short-Seller Report

Alan Gold, Executive Chairman of Innovative Industrial Properties, Responds to Short-Seller Report

Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, today announced that it is aware of a short-seller report released earlier today, which contains numerous false and misleading statements about IIP and its Execut... Read More...
Innovative Industrial Properties Acquires Massachusetts Property and Expands Real Estate Partnership with AWH

Innovative Industrial Properties Acquires Massachusetts Property and Expands Real Estate Partnership with AWH

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisition of a property in Athol, Massachusetts, which comprises approximately 199,000 square ... Read More...
Innovative Industrial Properties Declares First Quarter 2020 Dividends

Innovative Industrial Properties Declares First Quarter 2020 Dividends

Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a first quarter 2020 dividend of $1.00 per share of common stock, representing an approximately 122% incr... Read More...
Innovative Industrial Properties Acquires Florida Property and Enters Into Long-Term Lease with Parallel, a U.S. Cannabis Company

Innovative Industrial Properties Acquires Florida Property and Enters Into Long-Term Lease with Parallel, a U.S. Cannabis Company

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisition of a property in Wimauma, Florida, which comprises approximately 373,000 square feet... Read More...
Innovative Industrial Properties Acquires Illinois Property and Expands Real Estate Partnership with Green Thumb Industries (GTI)

Innovative Industrial Properties Acquires Illinois Property and Expands Real Estate Partnership with Green Thumb Industries (GTI)

Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on a sale-leaseback transaction with Green Thumb Industries Inc. (GTI) (CSE: GTII; OTCQX: GTBIF) for its licensed cannabis cultivat... Read More...