Innovative Industrial Properties Acquires Pennsylvania Property and Enters Into Long-Term Lease with Green Thumb Industries (GTI) November 12, 2019. Community See All. About See All (858) 997-3332. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017. Find the latest news headlines from Innovative Industrial Properties, Inc. Common Stock (IIPR) at Nasdaq.com. In October 2020, acquired a 7-property medical office portfolio, totaling 439,000 square feet, for $169 million, which represents year-one cash and GAAP capitalization rates of 5.5% and 5.6%, respectively. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017. New Frontier Data projects that sales of state-regulated cannabis in the United States will grow from $20.1 billion in 2020 to over $41.0 billion in 2025. In the latest trading session, Innovative Industrial Properties (IIPR) closed at $180.16, marking a +1.93% move from the previous day. Innovative Industrial Properties, Inc. (IIPR) is the first company to focus on investing in real estate for medical marijuana companies. Innovative Industrial Properties, Inc. ... Our total investment in properties leased to PharmaCann including commitments to fund future tenant improvements or … Our executive chairman, Alan D. Gold, is a 35-year veteran of the real estate industry, including co-founding two NYSE-listed REITs: BioMed Realty Trust, Inc. (formerly NYSE: BMR), a real estate company focused on acquiring, developing, owning, leasing and managing laboratory and office space for the life science industry; and Alexandria Real Estate Equities, Inc. (NYSE: ARE), an urban office REIT focused on collaborative science and technology campuses. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017. Home / Investors / Press Releases / 2019 Company Profile; Stock Information. 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. Innovative Industrial Properties (IIP) is a real estate investment trust (REIT) that specializes in leasing properties to state-licensed cannabis producers in the U.S. that are in … The call will be open to all interested investors through a live audio webcast at the Investor Relations section of IIP’s website at www.innovativeindustrialproperties.com, or live by calling 1-877-328-5514 (domestic) or 1-412-902-6764 (international) and asking to be joined to the Innovative Industrial Properties, Inc. conference call. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017. Innovative Industrial Properties, Inc. intends to elect to be taxed as a real estate investment trust. Investor FAQ. Copyright 2021 Innovative Industrial Properties. 267 people like this. Healthpeak Properties, Inc. is a fully integrated real estate investment trust (REIT) and S&P 500 company. Case in point: With a market cap of $594.6 million, Innovative Industrial Properties (NYSE: IIPR) is actually a real estate investment trust (REIT) that acquires, owns and manages properties leased to experienced, state-licensed operators for regulated medical-use cannabis facilities. Six of the seven properties are on-campus and all the properties … Innovative Industrial Properties, Inc. targets medical-use cannabis facilities for acquisition, including sale-leaseback transactions, with tenants that are licensed growers under long-term, triple-net leases. Contact us Innovative Industrial Properties, Inc. 11440 West Bernardo Court, STE 100 San Diego, California 92127 858-997-3332 info@iipreit.com Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017. As of December 31, 2020, 36 states, plus the District of Columbia, have adopted medical-use cannabis programs, and according to a 2019 poll conducted by … Healthpeak owns and develops high-quality real estate in the three private-pay healthcare asset classes of Life Science, Medical Office and Senior Housing, designed to provide stability through the inevitable industry cycles. Innovative Industrial Properties IIPR announced a nearly 6.5% hike in its first-quarter dividend to $1.32 per share from $1.24 paid in the prior quarter. Contact Innovative Industrial Properties on Messenger. Innovative Industrial Properties, Inc. is the pioneering real estate investment trust fo... See More. Innovative Industrial Properties, Inc. is focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Why Innovative Industrial Properties Stock Surged 18% in July The real estate company is rewarding its investors with larger dividends as it expands its cannabis-focused empire. Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Corporate Office: 18500 Von Karman Avenue Suite 550 Irvine, CA 92612 888.393.8248 All Rights Reserved. Innovative Industrial Properties IIPR is a cannabis industry REIT, which buys properties and leases them back to cannabis growers. The company combines investments from investors … Innovative Industrial Properties, Inc. is focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. This change outpaced the … Terms of Use & Privacy Policy. 299 people follow this. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Innovative Industrial Properties Acquires Florida Property and Expands Real Estate Partnership with Trulieve Cannabis Corp. That's why investors might prefer an industry supplier like real estate investment trust (REIT) Innovative Industrial Properties . ft. of cost in the T.I.s and approximately $96/sq.ft. Press Releases. INNOVATIVE INDUSTRIAL PROPERTIES, INC. : Press releases relating to INNOVATIVE INDUSTRIAL PROPERTIES, INC. Investor relations | Nyse: IIPR | Nyse The stock has recently fallen 20% during the … A high-level overview of Innovative Industrial Properties, Inc. (IIPR) stock. Innovative Industrial Properties Appoints Mary Allis Curran, Former Bank Executive, to its Board of Directors, Innovative Industrial Properties Acquires Properties in Pennsylvania and North Dakota and Enters Into Long-Term Leases with Grassroots, Innovative Industrial Properties Declares Fourth Quarter 2019 Dividends, Innovative Industrial Properties Acquires Pennsylvania Property and Enters Into Long-Term Lease with Green Thumb Industries (GTI), Innovative Industrial Properties Reports Third Quarter 2019 Results, Innovative Industrial Properties Expands Team with New Vice President, Asset Management and Senior Real Estate Counsel, Innovative Industrial Properties Acquires Illinois Property and Enters Into Long-Term Lease with Grassroots, Innovative Industrial Properties Acquires Illinois Property and Expands Real Estate Partnership with PharmaCann, Innovative Industrial Properties to Report 2019 Third Quarter Results. Terms of Use & Privacy Policy. As of April 5, 2021, we owned 68 properties that were 100% leased to state-licensed medical-use cannabis operators and comprising an aggregate of approximately 6.0 million rentable square feet (including approximately 2.2 million rentable square feet under development or redevelopment) in Arizona, California, Colorado, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New York, North Dakota, Ohio, Pennsylvania, Texas, Virginia and Washington. We believe this industry is poised for significant growth in coming years, and our highly experienced management team is focused on being a creative capital provider to this industry … In trading on Monday, shares of Innovative Industrial Properties Inc's 9.00% Series A Cumulative Redeemable Preferred Stock (Symbol: IIPR.PRA) were … IIPR News: Innovative Industrial Properties Announces Year-to-Date 2021 Operating, Investment and Capital Markets Activity 04/06/2021 04:30:00 PM IIPR News: Innovative Industrial Properties Expands Real Estate Partnership with Jushi Holdings Inc. Subsidiary at … Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Innovative Industrial Properties has gained almost 150% over the past two years – in addition to paying steadily increasing quarterly dividends. Mr. Gold served as chairman and chief executive officer of BioMed Realty from its initial public offering in 2004 through its sale to Blackstone in 2016 for $8 billion. I nnovative Industrial Properties (IIPR) came out with quarterly funds from operations (FFO) of $1.29 per share, missing the Zacks Consensus … Investor FAQ. of cost in the purchased building and/or property. Download: Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017. All Rights Reserved. www.innovativeindustrialproperties.com. Innovative Industrial Properties ... with about $130/sq. 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