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42.52500 EUR
1.315
3.00%
Last update Apr 2, 9:05 AM CEST
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Day range
42.32500
42.54000
Previous close
43.84000
Open
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Innovative Industrial Properties Inc.
42.53
1.32
3.00%

Overview

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Description

Innovative Industrial Properties Inc. is a real estate investment trust (REIT) focusing on the acquisition, ownership, and management of specialized industrial properties. Its primary function is to support the regulated cannabis industry by leasing properties that are intended for the cultivation and processing of cannabis. Catering specifically to licensed operators, Innovative Industrial Properties Inc. aids in providing real estate solutions for businesses involved in the medical-use cannabis sector. This company plays a crucial role in the emerging cannabis market by enabling operators to access capital for operational purposes through sale-leaseback transactions. Given the increasing legalization of cannabis in the United States, the firm's position as a REIT targeting the cannabis industry places it at the forefront of a rapidly growing and evolving market. By combining real estate expertise with industry-specific knowledge, Innovative Industrial Properties Inc. contributes significantly to the infrastructure needed for the legal cannabis industry's expansion.

About

CEO
Mr. Paul E. Smithers
Employees
23
Address
1140 West Bernardo Court
Suite 100
San Diego, 92127, CA
United States
Phone
858 997 3332
Website
Instrument type
REIT
Sector
Real Estate
Industry
REIT - Industrial
Country
Germany
MIC code
XMUN
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