Cannabis REIT IIP Buys 27 Properties In Colorado, Pennsylvania And North Dakota For $72.7M

REIT Innovative Industrial Properties, Inc. (NYSE: IIPR) confirmed Tuesday that it has completed the $72.7 million acquisition of a portfolio of 27 properties in Colorado, Pennsylvania and North Dakota that are 100% leased for use as regulated dispensing, processing and/or cultivation facilities.

“This transaction represents an outstanding addition to our portfolio, and we are thrilled to continue to expand on our long-term real estate partnerships with Columbia Carem, Curaleaf and LivWell, in addition to welcoming Kaya and Schwazze to our tenant roster,” Paul Smithers, president and CEO of IIP stated. “The purchase of …

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