Deal snapshot: Innovative Industrial Properties Acquires Texas Property and Enters Into Long-Term Lease with Texas Original.

MANews-(C)2009-2022

California-based cannabis industry-focused real estate company Innovative Industrial Properties, Inc (NYSE: IIPR) has entered into a long-term lease with a subsidiary of Texas Original Holdings, LLC, the company said.

The purchase price for the property was approximately USD 12m (excluding transaction costs), which was...

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