{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-085238","form_type":"8-K","ticker":"IIPR","cik":"0001677576","company_name":"INNOVATIVE INDUSTRIAL PROPERTIES INC","filed_at":"2026-07-21T12:30:37+00:00","discovered_at":"2026-07-21T12:35:00.286681+00:00","generated_at":"2026-07-21T12:35:05.886063+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"IIPR tenant Parallel defaults on two Florida leases; ~$1.6M rent unpaid, operations ceased","bullets":["Parallel defaulted on July rent for two Florida properties totaling ~$1.6M (base rent, reimbursements, interest, late charges).","The two properties represent 5.2% of IIPR's annualized contractual rent and income from loans/securities, and 5.7% of annualized contractual rent.","Parallel ceased cannabis operations at both properties and intends to vacate; IIPR holds security deposits that may cover the defaulted amounts.","IIPR will coordinate an orderly transition of possession while reserving all rights under the leases."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-085238","json":"https://secwatch.observer/filing/0001104659-26-085238.json","markdown":"https://secwatch.observer/filing/0001104659-26-085238.md","text":"https://secwatch.observer/filing/0001104659-26-085238.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1677576/000110465926085238/0001104659-26-085238-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1677576/000110465926085238/tm2620890d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-21T12:35:05.886063+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}