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Innovative Industrial Properties Acquires New Jersey Property and Expands Real Estate Partnership with AWH

Innovative Industrial Properties Acquires New Jersey Property and Expands Real Estate Partnership with AWH

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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 property in New Jersey, and entered into a long-term lease with a subsidiary of Ascend Wellness Holdings, Inc. (AWH) at the property. The purchase price for the property was $35.4 million (excluding transaction costs). AWH is expected to

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