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Innovative Industrial Properties launches Series B preferred stock offering to fund life science investments and general corporate purposes.
PUBLIC · IIPROct 07, 2026
Round Type
Series B
Financial ServicesSoftware
Description
Innovative Industrial Properties (IIPR) launched a public offering of Series B Cumulative Redeemable Preferred Stock on October 7, 2026. The company plans to use proceeds for its life science investment program commitments and general corporate purposes. The offering follows IIPR's October 1 commitment of $245 million for a mezzanine loan tied to the Alewife Park life science campus in Cambridge, Massachusetts. IIPR stock gained 1.92% to $51.22 on the NYSE.
Company Information
Company
Innovative Industrial Properties
About
Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017. Additional information is available at www.innovativeindustrialproperties.com.
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