REIT inks $42 million deal with LivWell for Michigan marijuana warehouse

MJBizDaily
By John RebchookOct 10, 2019, 2:09 pm203 pts
Innovative Industrial Properties, a real estate investment (REIT) focused on the cannabis industry, bought a warehouse in Michigan from LivWell Holdings in a $42 million sales-leaseback deal. San Diego-based Innovative Industrial paid $19 million to LivWell Michigan for the 156,000-square-foot warehouse in…

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