Innovative Industrial Properties, Inc. (NYSE:IIPR) Files An 8-K Results of Operations and Financial Condition
Item2.02 Results of Operations and Financial Condition.
On May 10, 2017, Innovative Industrial Properties, Inc. issued a
press release regarding its financial results for the first
quarter ended March 31, 2017. A copy of the press release is
attached hereto as Exhibit 99.1 and is incorporated by reference
herein.
The information contained in this Current Report, including
Exhibit 99.1 referenced herein, is being furnished and shall not
be deemed filed for purposes of Section18 of the Securities
Exchange Act of 1934, as amended, or otherwise subject to the
liabilities of that section. Such information shall not be
incorporated by reference into any filing of Innovative
Industrial Properties, Inc., whether made before or after the
date hereof, regardless of any general incorporation language in
such filing.
Item9.01 Financial Statements and Exhibits.
| (d) | The following exhibit is furnished herewith: |
|
Exhibit Number |
Description of Exhibit | |
| 99.1 |
Press release issued by Innovative Industrial Properties, Inc. on May 10, 2017. |
About Innovative Industrial Properties, Inc. (NYSE:IIPR)
Innovative Industrial Properties, Inc. is focused on the acquisition, ownership and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. The Company intends to acquire its properties through sale-leaseback transactions and third-party purchases. It is focused on leasing its properties on a triple-net lease basis, where the tenant is responsible for all aspects of and costs related to the property and its operation during the lease term, including maintenance, taxes and insurance. The Company intends to conduct business in an umbrella partnership real estate investment trust (UPREIT), structure through its operating partnership. The Company’s real estate investments will consist of primarily properties suitable for cultivation and production of medical-use cannabis. Innovative Industrial Properties, Inc. (NYSE:IIPR) Recent Trading Information
Innovative Industrial Properties, Inc. (NYSE:IIPR) closed its last trading session down -0.20 at 17.70 with 18,593 shares trading hands.