About Innovative Industrial Properties
Innovative Industrial Properties (NYSE:IIPR) is a specialized real estate investment trust focused on the acquisition, ownership, and management of industrial properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Primarily operating within the United States, it offers a range of real estate and capital solutions to the medical-use cannabis industry. With a keen eye on strategic expansion, Innovative Industrial Properties aims to support the growth of its tenant partners while delivering stable, long-term returns for its shareholders. The company's objective is to build a diversified portfolio by acquiring and leasing properties, emphasizing those in jurisdictions with robust medical-use cannabis regulatory frameworks.
Snapshot
Operations
Products and/or services of Innovative Industrial Properties
- Real estate leasing to state-licensed cannabis facilities, providing operators with necessary infrastructure.
- Sale-leaseback transactions, allowing cannabis companies to free up capital while retaining operation of their properties.
- Expansion and improvement projects for existing tenant properties, enhancing cultivation and production capabilities.
- Tenant improvement reimbursements, offering financial support for upgrades and optimizations of leased facilities.
- Acquisition and development of industrial properties, targeting strategic locations for cannabis cultivation and distribution.
- Advisory and management services, guiding cannabis operators on compliance, expansion, and operational efficiency.
Innovative Industrial Properties executive team
- Mr. Alan D. GoldExecutive Chairman
- Mr. Paul E. SmithersPresident, CEO & Director
- Mr. David Jon SmithCFO & Treasurer
- Ms. Catherine Hastings CPAChief Operating Officer
- Mr. Ben ReginChief Investment Officer
- Mr. Andy BuiVP & Chief Accounting Officer
- Ms. Kelly C. SpicherSenior Vice President of Real Estate Counsel
- Ms. Tracie HagerSenior Vice President of Asset Management
- Eli KanterSenior Associate of Finance