
Our Team
Our employees are our most valuable asset, and we believe we have an inclusive and engaging work environment, where each person is an integral member of the team who is critical to IIP’s continued success. We meet regularly as a team, including throughout the COVID-19 pandemic, where each member is encouraged to actively participate in a wide range of topics relating to IIP’s execution of our corporate strategy.
Our Communities
We believe the most significant impact we and our tenant partners have is the positive economic benefit that we and our tenants bring to our own communities and the communities where our facilities are located.


Our Properties
The nature of our business model and the relationships we have with our tenants means that we are providing the capital resources necessary for them to make a variety of upgrades to the properties. Because cannabis cultivation requires significant amounts of energy, water and various other inputs to optimize yields and desired attributes of the particular product being manufactured, the capital we provide often is used for energy, water and other efficiency improvements that allow the tenants to operate their business more efficiently and with lower environmental impacts.
Corporate Governance
Strong, effective governance is central to our value proposition for all of our stakeholders. We operate in a very young, highly regulated and rapidly evolving industry that necessitates strong management, and unwavering commitment to ethics and compliance and the ability to adapt quickly to new market conditions.



Case Studies
Ascend Wellness Holdings
The buildings at this Massachusetts property were originally built in 1899 and 1915, with a long history of industrial and manufacturing usages before being shuttered by Union Tool & Die in 1982. The buildings remained vacant until IIP and a tenant partnership came to fruition to repurpose them as a cannabis cultivation and production facility. Significant investments were made to retain the existing structure, including remediation of hazardous materials in order to make the building safe to occupy in its new modern use. In addition, a majority of the existing structure was retained and additional supports were installed to handle the increased load of new operations. Most importantly, our tenant, Ascend Wellness Holdings, brought hundreds of permanent cannabis industry jobs to a town that has struggled after other industries left that area, in addition to construction jobs that were created during the buildout of this facility and numerous jobs performing ancillary services.
Case Studies
Trulieve Inc.
This Massachusetts building was originally built in 1890 to produce thread and textiles. It
is ideally located near the intersection of two major interstate highways, providing for
efficient distribution of goods and employee transportation needs. IIP, in partnership
with our tenant partner, Trulieve, repurposed the existing structure for cannabis
cultivation and processing while preserving the building shell and core elements.
Improvements our funding enabled include:
• Preservation of the historic stairwell
• Retaining a majority of the exterior façade, including brickwork, structural framing and floor decking, thus diverting debris from a landfill
• Maintaining architectural integrity by preserving the windows facing the canal
• Modernizing the elevators in lieu of full replacement.
In addition, other tenant improvement projects included installing energy efficient systems designed to reduce energy consumption and environmental impacts. These improvements included:
• Installation of LED lighting for most of the cultivation and ancillary spaces; and
• Installing a Building Management System to improve environmental controls to reduce energy consumption.