PEOPLE & PLACES
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
Data as of 3/31/25
(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. Excludes non-cannabis tenants.
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.
