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Innovative Industrial Properties Raises $48.4 Million from Series B Preferred Stock Offering
Amount Raised
$48.4 Million
Round Type
Series B
Investors
Description
On October 8, 2026, Innovative Industrial Properties, Inc. entered into an underwriting agreement to issue and sell 2,000,000 shares of 9.25% Series B Cumulative Redeemable Preferred Stock. The public offering price is set at $25.00 per share, with a potential additional option for underwriters to purchase 300,000 shares. The expected net proceeds from the offering are approximately $48.4 million, with the offering closing on or about October 19, 2026.
Fundz sees it the moment Innovative Industrial Properties raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Funding Insights
What this usually meansInnovative Industrial Properties raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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