---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-104072"
form_type: "8-K"
ticker: "IIPR"
cik: "0001677576"
company_name: "INNOVATIVE INDUSTRIAL PROPERTIES INC"
filed_at: "2023-09-27T23:59:59+00:00"
generated_at: "2026-06-10T08:11:53.915333+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# IIPR regains possession of four California properties from Kings Garden; 2.5% of total assets

## Summary
- Regained possession of four California properties on Sept 21 & 26, 2023, via acceptance of offer of judgment.
- Properties represent approximately 2.5% of total assets as reported in Q2 2023 Form 10-Q.
- Kings Garden paid stipulated rent through Sept 20, 2023, including ~$1.7M in Q3 2023.
- Company is in active discussions with other parties regarding potential re-leasing of the properties.

## SEC filing metadata
- accession: 0001104659-23-104072
- form_type: 8-K
- ticker: IIPR
- cik: 0001677576
- company_name: INNOVATIVE INDUSTRIAL PROPERTIES INC
- filed_at: 2023-09-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1677576/000110465923104072/0001104659-23-104072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1677576/000110465923104072/tm2326957d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-104072
- JSON: https://secwatch.observer/filing/0001104659-23-104072.json
- Plain text: https://secwatch.observer/filing/0001104659-23-104072.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.