Innovative Industrial Properties Inc is a real estate investment trust that acquires, owns, and manages specialized industrial properties. These properties are leased to state-licensed operators for use as regulated medical cannabis facilities. The company operates using a traditional umbrella partnership real estate investment trust (UPREIT) structure, where its properties are owned by Operating Partnership, either directly or through subsidiaries. Innovative Industrial Properties Inc’s portfolio of properties is located throughout the United States.
Innovative Industrial Properties Inc is the first publicly traded company on the New York Stock Exchange (NYSE: IIPR) to provide real estate capital to the regulated cannabis industry. It provides long-term, absolute net lease agreements for sale-leaseback programs that target well-capitalized companies which have been through a rigorous state licensing process and have been granted a license in the state where the property is located. This ensures that our operators are able to operate their business without interruption and with full compliance with local regulations.
Innovative Industrial Properties Inc has established itself as the go-to real estate provider for regulated cannabis companies, providing access to capital to help them grow their businesses and build out the necessary infrastructure to meet the needs of their customers. In addition, we offer a unique set of services and expertise that makes us a preferred partner for cannabis operators in search of real estate solutions. Our goal is to provide a comprehensive and reliable property solution for our partners that allows them to focus on what they do best – growing their businesses. By offering this unique level of service, Innovative Industrial Properties Inc has become the trusted partner of choice for cannabis operators across the United States.