Innovative Industrial Properties, Inc.

About Innovative Industrial Properties, Inc.

Innovative Industrial Properties is a pioneering real estate investment trust focused on providing capital for the regulated cannabis industry. Founded in December 2016, it is the first publicly traded company on the New York Stock Exchange (NYSE: IIPR) dedicated to real estate solutions for medical-use cannabis operators.

Products & Services

Real Estate Capital:Providing specialized real estate capital to state-licensed cannabis operators through ownership and leasing of mission-critical facilities.

Sale-Leaseback Program:Acquiring industrial and retail properties leased to cannabis operators under long-term, absolute net lease agreements with well-capitalized, state-licensed companies.

Specialties

Real Estate Investment Trust (REIT) Medical-Use Cannabis Industry Sale-Leaseback Programs State-Licensed Cannabis Facilities

Funding History

Debug: View Raw Funding Data

#	Type	Amount Fields	Date Fields	Investors
1	RT: Revolving Credit Facility T: - FT: Revolving Credit Facility	A: 100000000 MR: - FA: $100 million FAN: 100000000	D: 2025-10-06 FD: 2025-10-06	1 investors

Revolving Credit Facility Latest

2025-10-06

$100.0M

1 investor (Pro only)

Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

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Team & Leadership

A

Alan D. Gold

Executive Chairman

P

Paul Smithers

Chief Executive Officer, President, and Director

C

Catherine Hastings

Chief Operating Officer

D

David Smith

Chief Financial Officer and Treasurer

B

Ben Regin

Chief Investment Officer

A

Andy Bui

Vice President, Chief Accounting Officer

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