NEW YORK CITY- Industrial Innovation Properties, a real estate investment trust focused on cannabis-leased industrial and greenhouse buildings, has outperformed on the New York Stock Exchange as the early-mover and lone REIT investment option for cannabis-related industrial properties. Investors anticipate further growth in its returns as conversations grow about the legalization of medical and recreational use of cannabis at the state-level nationwide, according to a new analysis by the Advisory & Consulting arm of Green Street Advisors, a real estate research firm.
IIPR strategy includes planting the flag in states with approved medical-use laws that are perceived to have low regulatory risk. The NYSE-traded REIT was one of the sole options for investors looking to add exposure to cannabis-related industrial properties for the past several years.
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
