secwatch.observer — SEC 8-K summary
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Issuer:     INNOVATIVE INDUSTRIAL PROPERTIES INC (IIPR)
CIK:        0001677576
Form:       8-K
Filed at:   2023-09-27T23:59:59+00:00
Accession:  0001104659-23-104072
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1677576/000110465923104072/0001104659-23-104072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1677576/000110465923104072/tm2326957d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-104072

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