Cannabis REIT makes $56.4 million deal to acquire Florida property

MJBizDaily
By Bart SchanemanSep 21, 2020, 1:06 pm277 pts
Add another cannabis property to Innovative Industrial Properties’ portfolio after the San Diego-based real estate investment trust (REIT) closed a potentially $56.4 million deal to acquire and lease back a marijuana facility in Florida. IIP is acquiring the property in Lakeland, Florida, from Atlanta-based…

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