Innovative Industrial Properties Inc. (IIPR) is the first REIT to focus on the real estate aspect of the medical cannabis in the US. It utilizes a sale leaseback strategy where the REIT would buy real estate from cannabis producers, then rent it right back to the producers, making cannabis producers tenants of IIPR. In this way, the REIT earns a steady rent and the cannabis producers receives a large capital injection from selling their properties.
From its inception in late 2016, the REIT has grown to 8 properties across the US. For investors
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