The Leading Provider of Real Estate Capital for the Regulated Cannabis Industry
Learn More
The Leading Provider of Real Estate Capital for the Regulated Cannabis Industry
Learn More
The Leading Provider of Real Estate Capital for the Regulated Cannabis Industry
Learn More

PEOPLE & PLACES

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Our Portfolio

Our national portfolio is comprised of specialized real estate leased to state-licensed cannabis operators. These facilities are mission-critical for our operators and well located in states with established regulatory environments.

AT A GLANCE

$ 1 B
Total Invested Capital
1
Number of Properties
1
Total Square Feet
1
Number of States
1
Number of Tenants (1)

Data as of 3/31/24

(1) Each “Tenant” represents the parent company of the tenant, for which the parent company has provided a corporate guaranty. A parent company may have multiple tenant subsidiaries across IIP’s properties. Includes two pre-leased tenants. Excludes non-cannabis tenants.

Select Properties

PharmaCann


Buckeye Lake Village, Ohio

58,000

Rentable Square Feet

Cultivation, Processing, and Manufacturing

Use

Select Properties

Maryland Cultivation Processing (MCP)


Hagerstown, Maryland

84,000

Rentable Square Feet

Cultivation and Distribution

Use

Select Properties

PharmaCann


Hamptonburgh, New York

225,000

Rentable Square Feet

Cultivation, Processing, and Manufacturing

Use

Select Properties

Holistic Industries


Capitol Heights, Maryland

72,000

Rentable Square Feet

Cultivation, Processing, and Manufacturing

Use

Select Properties

PharmaCann


Holliston, Massachusetts

58,000

Rentable Square Feet

Cultivation, Processing, and Manufacturing

Use

Select Properties

Columbia Care


Richmond, Virginia

82,000

Rentable Square Feet

Cultivation, Processing and Distribution

Use

Buckeye Lake Village, Ohio
Hagerstown, Maryland
Hamptonburgh, New York
Capitol Heights, Maryland
Holliston, Massachusetts
Richmond, Virginia

Our Business

Innovative Industrial Properties is the pioneering real estate investment trust for the regulated cannabis industry. Founded in December, 2016, we are the first publicly traded company on the New York Stock Exchange (NYSE: IIPR) to provide real estate capital to the regulated cannabis industry.

Our Sale Leaseback Program

Innovative Industrial Properties acquires freestanding industrial and retail properties leased to state-licensed cannabis operators under long-term, absolute net lease agreements. Under our sale-leaseback program, we focus on well-capitalized companies that have successfully gone through the rigorous state licensing process and have been granted a license in the state where the property is located.