IIPR

Innovative Industrial Properties, Inc. (NYSE:IIPR) is a specialized real estate investment trust (REIT) founded in 2016 and headquartered in San Diego, California. The company went public in December 2016 and elected REIT status beginning in 2017. IIPR operates as the first and largest publicly traded cannabis-focused REIT in the United States, owning and managing a portfolio of 108 properties across 19 states comprising approximately 9 million rentable square feet. The company has positioned itself as a critical infrastructure provider for the regulated medical and adult-use cannabis industry, serving as a bridge between traditional real estate capital markets and cannabis operators who face significant banking and financing restrictions.