Marijuana REIT invests $17.5 million in sale-leaseback deal

MJBizDaily
By John SchroyerMay 14, 2020, 5:41 pm211 pts
Innovative Industrial Properties (IIP), a real estate investment trust based in San Diego that specializes in sale-leaseback deals in the marijuana industry, spent $17.5 million to do such a transaction near its Southern California headquarters. IIP bought a 70,000-square-foot facility and quickly signed a…

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