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Innovative Industrial Properties Acquires Property in California and Executes Long-Term Lease with Gold Flora

Innovative Industrial Properties Acquires Property in California and Executes Long-Term Lease with Gold Flora

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SAN DIEGO–(BUSINESS WIRE)—- $IIPR #Dividendstocks–Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisition of a 201,000 square foot industrial property in Desert Hot Springs, California, and entered into a long-term lease with Gold Flora, LLC (Gold Flora). The purchase price for the property was $51.0 million (excluding transaction costs). Gold Flo

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