INNOVATIVE INDUSTRIAL PROPERTIES INC Logo

INNOVATIVE INDUSTRIAL PROPERTIES INC

A REIT providing real estate capital to the cannabis industry via sale-leaseback transactions.

IIPR | NYSE

Overview

Corporate Details

ISIN(s):
US45781V1017 (+1 more)
LEI:
Country:
United States of America
Address:
1389 CENTER DRIVE, 84098 PARK CITY
Sector:
Mining and quarrying
Industry:
Extraction of natural gas

Description

Innovative Industrial Properties, Inc. is a self-advised real estate investment trust (REIT) focused on the acquisition, ownership, and management of specialized properties leased to experienced, state-licensed operators for their regulated cannabis facilities. The company's core business revolves around its sale-leaseback program, where it acquires industrial and retail properties from cannabis operators and leases them back under long-term, absolute net lease agreements. This strategy provides essential real estate capital to the cannabis industry, allowing operators to redeploy funds into their core operations. Founded in 2016, it is the pioneering publicly traded REIT providing real estate capital to this sector.

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Insider Transactions

Date Insider Name Position Type Shares Value
No insider transactions recorded for this company.

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