Cannabis REIT Adds Cresco Labs Ohio Cultivation Facility to Its Portfolio

Innovative Industrial Properties Acquires Property in Ohio and Enters Into Long-Term Lease with Cresco Labs SAN DIEGO, January 27, 2020–(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (IIP), the first and only...

- January 27th, 2020 at 7:11 pm

Cannabis REIT Raises $217 Million with Equity Offering

Innovative Industrial Properties Prices Public Offering of 2,967,799 Shares of Common Stock SAN DIEGO, January 24, 2020–(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (the “Company”) (NYSE: IIPR) announced today the pricing...

- January 24th, 2020 at 9:26 am

Cannabis REIT to Invest $37.3 Million in Two Grassroots Sale/Leasebacks

Innovative Industrial Properties Acquires Properties in Pennsylvania and North Dakota and Enters Into Long-Term Leases with Grassroots SAN DIEGO, December 23, 2019–(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (IIP), the first...

- December 23rd, 2019 at 4:35 pm

Multi-billion Dollar NYSE REIT Veterans Work to Deploy $140m Into the Cannabis Industry

Exclusive Interview with GreenAcreage CEO Katie Barthmaier GreenAcreage, an independently managed cannabis REIT, has built an experienced team and lined up an organic pipeline of growth due to its...

- December 19th, 2019 at 12:34 pm

Columbia Care Raises $35 Million with Sale/Leaseback Transactions in Three States

Columbia Care Announces Execution of Definitive Agreement for Sale-Leaseback with NewLake Capital Increasing Liquidity By $35 Million First sale-leaseback initiated by Columbia Care will close before year end 2019...

- December 12th, 2019 at 5:16 pm

Cannabis REIT to Fund Green Thumb Industries Pennsylvania Cannabis Expansion

Innovative Industrial Properties Acquires Pennsylvania Property and Enters Into Long-Term Lease with Green Thumb Industries (GTI) IIP Expands Portfolio to Over 2.9 Million Square Feet in 13 States SAN...

- November 12th, 2019 at 4:43 pm

Cannabis REIT Adjusted Funds From Operations Increases 270% in Q3

Innovative Industrial Properties Reports Third Quarter 2019 Results Acquisitions Drive 201% Q3 Rental Revenue, 314% Q3 Net Income and 270% Q3 AFFO Growth Year-over-Year SAN DIEGO, November 06, 2019–(BUSINESS...

- November 6th, 2019 at 6:36 pm

Cannabis REIT GreenAcreage Details Initial $77.3 Million in Investments

Acreage Holdings and GreenAcreage Announce $70+ Million Sale-Leaseback Transactions NEW YORK, Oct. 25, 2019 (GLOBE NEWSWIRE) — Acreage Holdings, Inc. (“Acreage Holdings” or “Acreage”) (CSE: ACRG.U) (OTCQX: ACRGF) (FSE:...

- October 25th, 2019 at 8:11 am

Cannabis REIT Expands Trulieve Relationship with $17 Million Florida Sale and Leaseback

Innovative Industrial Properties Acquires Florida Property and Expands Real Estate Partnership with Trulieve Cannabis Corp. SAN DIEGO, October 23, 2019 — (Business Wire) — Innovative Industrial Properties, Inc. (IIP),...

- October 23rd, 2019 at 6:29 pm

Cresco Labs to Sell Illinois Facilities to Cannabis REIT for $46.3 Million

Cresco Labs Enters Into Sale-and-Leaseback Agreement With Innovative Industrial Properties for Illinois Facilities CHICAGO, September 27, 2019–(BUSINESS WIRE), September 27, 2019- Cresco Labs Inc. (“Cresco Labs” or the “Company”)...

- September 27th, 2019 at 7:32 am

New Cannabis Real Estate Company NewLake Raises $85.5 Million

NewLake Announces $85.5 Million Capital Raise For Newly Formed Real Estate Company CHICAGO, Sept. 12, 2019 /PRNewswire/ — NewLake Capital Partners, Inc. announced today that it closed a private...

- September 12th, 2019 at 10:58 am

Cannabis REIT Improves Q2 Revenue by 160% to $8.6 Million

Innovative Industrial Properties Reports Second Quarter 2019 Results Acquisitions Drive 155% Q2 Rental Revenue, 155% Q2 Net Income and 176% Q2 AFFO Growth Year-over-Year SAN DIEGO, August 07, 2019–(BUSINESS...

- August 7th, 2019 at 4:50 pm

Trulieve Taps Cannabis REIT for $43.5 Million Sale/Leaseback in Massachusetts

Innovative Industrial Properties Acquires Massachusetts Property and Enters into New Tenant Relationship with Trulieve Cannabis Corp. SAN DIEGO, July 29, 2019–(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (IIP), the first and...

- July 29th, 2019 at 7:25 am

Cannabis REIT Extends Michigan Presence with $10 Million Project

Innovative Industrial Properties Acquires Michigan Property and Enters Into Long-Term Lease with Emerald Growth Partners SAN DIEGO, June 21, 2019–(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (IIP), the first and only...

- June 21st, 2019 at 7:35 am

Innovative Industrial Properties Expands Real Estate Partnership with Green Peak Innovations at Michigan Property

SAN DIEGO, June 19, 2019–(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...

- June 19th, 2019 at 5:03 pm

Cannabis REIT Boosts Dividend 33%

Innovative Industrial Properties Declares Second Quarter 2019 Dividends Common Stock Dividend Increased 33% from Prior Quarter and 140% from Q2 2018 SAN DIEGO, June 14, 2019 –(BUSINESS WIRE)–Innovative Industrial...

- June 14th, 2019 at 7:26 am

Treehouse Cannabis REIT Taps Federally Insured Bank for $16 Million Loan

Treehouse Real Estate Investment Trust, Inc. Announces Closing of Nearly $16 Million Debt Financing with a Federally Insured Commercial Bank LOS ANGELES, June 11, 2019–(BUSINESS WIRE)–Treehouse Real Estate Investment...

- June 11th, 2019 at 6:35 pm

Innovative Industrial Properties Acquires Green Leaf Pennsylvania Cannabis Facilities for $13 Million

Innovative Industrial Properties Acquires Pennsylvania Property and Enters Into Long-Term Lease with Green Leaf Medical Leading REIT for the Medical-Use Cannabis Industry Expands Portfolio to 21 Properties Comprising Approximately...

- May 20th, 2019 at 4:59 pm

Cannabis REIT Adjusted Funds from Operations Grows 275% in Q1 to $0.54 per Share

Innovative Industrial Properties Reports First Quarter 2019 Results Acquisitions Drive 146% Q1 Rental Revenue, 444% Q1 Net Income and 275% Q1 AFFO Growth Year-over-Year SAN DIEGO, May 08, 2019...

- May 8th, 2019 at 5:00 pm

Cannabis REIT Deepens California Exposure with $27.1 Million Property Acquisition

Innovative Industrial Properties Acquires California Property Portfolio and Enters into Long-Term Leases with Licensed Operator Acquisition Represents IIP’s Second Investment in California, Expanding Footprint to 18 Properties in 11...

- April 16th, 2019 at 5:32 pm

Cannabis REIT Treehouse Raises $45.5 Million

Treehouse Real Estate Investment Trust, Inc. Announces Completion of Private Placement of Common Stock and Signs Debt Agreement with a Federally-Insured Commercial Bank LOS ANGELES, March 18, 2019–(BUSINESS WIRE)–Treehouse...

- March 18th, 2019 at 8:32 am

Cannabis REIT IIPR Posts Strong Q4 Growth

Innovative Industrial Properties Reports Fourth Quarter and Full-Year 2018 Results Acquisitions Drive 111% Q4 Revenue, 720% Q4 Net Income and 344% Q4 AFFO Growth Year-over-Year SAN DIEGO, March 13,...

- March 13th, 2019 at 6:04 pm

Cannabis REIT Subsidiary Markets $100 Million Private Placement Offering

IIP Operating Partnership, LP Commences Offer of Exchangeable Senior Notes SAN DIEGO, February 13, 2019–(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (the “Company”) (NYSE: IIPR) announced today that its operating partnership...

- February 13th, 2019 at 4:51 pm

$11.5 Million California Deal Expands Cannabis REIT into 10th State

Innovative Industrial Properties Acquires California Property and Enters Into Long-Term Lease with Experienced Operator Marks IIP’s First Investment in California, Expanding Footprint to Ten U.S. States SAN DIEGO, February...

- February 8th, 2019 at 5:39 pm

MedMen to Sell Some Real Estate Assets to Newly Formed $133 Million Cannabis REIT

Cannabis REIT to Acquire MedMen Real Estate, Looks to Capitalize on Fast Growing Sector Treehouse Real Estate Investment Trust raises $133 million, will use funds to acquire properties from...

- January 7th, 2019 at 6:11 pm