Source-grounded facts extracted from INNOVATIVE INDUSTRIAL PROPERTIES INC's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
INNOVATIVE INDUSTRIAL PROPERTIES INC incurred term loan of aggregate principal amount of $20 million with A.G.P./Alliance Global Partners at 10.0% per annum, compounding monthly on the last business day of each calendar m maturing October 9, 2026.
“On May 22, 2026, Innovative Industrial Properties, Inc. (the “Company”) entered into an ATM Advance Agreement (the “Loan Agreement”) with A.G.P./Alliance Global Partners (“Lender”). The proceeds of the Loan Agreement are expected to be used for general corporate purposes, including the repayment of the Company’s 5.50% Senior Notes due May 2026. The Loan Agreement provides for a term loan in the aggregate principal amount of $20 million to the Company (the “Loan”). The Loan bears interest at a rate of 10.0% per annum, compounding monthly on the last business day of each calendar month; provided that, at any time that an event of default under the Loan Agreement has occurred and is continuing, the Loan will bear interest at a rate of 18.0% per annum. The Loan matures on October 9, 2026, and pursuant to the terms of the Agreement, we are required to make weekly interest and principal payments beginning on May 29, 2026.”
Debt Financings
INNOVATIVE INDUSTRIAL PROPERTIES INC incurred term loan of $21,960,000 with Amalgamated Bank at 6.67% per annum maturing June 5, 2031.
“On May 19, 2026, each of IIP-MD 1 LLC and IIP-NJ 3 LLC, each a Delaware limited liability company (each, a "Borrower" and collectively, the "Borrowers") and an indirect subsidiary of Innovative Industrial Properties, Inc. (the "Company"), entered into separate loan agreements with Amalgamated Bank, a bank organized under the laws of the State of New York (the "Lender"), consisting of (i) that certain loan agreement between IIP-MD 1 LLC and the Lender (the "MD Loan Agreement") and (ii) that certain loan agreement between IIP-NJ 3 LLC and the Lender (the "NJ Loan Agreement" and, together with the the MD Loan Agreement, the "Loan Agreements"), providing for an aggregate of $21,960,000 in secured term loans.”
Debt Financings
INNOVATIVE INDUSTRIAL PROPERTIES INC incurred guarantee of $12,400,000 with Amalgamated Bank maturing June 5, 2031.
“7 LLC (the “MA Loan”), as evidenced by a promissory note issued by IIP-MA 7 LLC in favor of the Lender (the “MA Note”). Pursuant to the PA Loan Agreement, the Lender made a $12,400,000 secured term loan to IIP-PA 6 LLC (the “PA Loan”), as evidenced by a promissory note issued by IIP-PA 6 LLC in favor of the Lender (the “PA Note” and, together with the MA Note,”
Debt Financings
INNOVATIVE INDUSTRIAL PROPERTIES INC incurred guarantee of $10,500,000 with Amalgamated Bank maturing June 5, 2031.
“together with the MA Loan Agreement the “Loan Agreements”), providing for an aggregate of $22,900,000 in secured term loans. Pursuant to the MA Loan Agreement, the Lender made a $10,500,000 secured term loan to IIP-MA 7 LLC (the “MA Loan”), as evidenced by a promissory note issued by IIP-MA 7 LLC in favor of the Lender (the “MA Note”). Pursuant to the PA Loan”
Debt Financings
INNOVATIVE INDUSTRIAL PROPERTIES INC incurred term loan of $56.5 million with Thorofare Asset Based Lending Reit Fund V, LLC at one-month SOFR plus 5.00% maturing May 5, 2029.
“for all obligations under the Loan Agreement. Pursuant to the Loan Agreement, on May 5, 2026, the Borrowers issued to the Lender a promissory note (the “Note”) evidencing a $56.5 million secured term loan (the “Loan”), which matures on May 5, 2029, and may be extended at the Borrowers’ option for up to two additional 12-month periods, subject in each case to the”
Earnings Releases
INNOVATIVE INDUSTRIAL PROPERTIES INC reported first quarter ended March 31, 2026 results: revenue $69.0 million, net income $30.2 million, EPS $1.02 per diluted share.
“Total revenues of $69.0 million and net income attributable to common stockholders of $30.2 million, or $1.02 per diluted share”
Debt Financings
INNOVATIVE INDUSTRIAL PROPERTIES INC incurred term loan of $20.0 million with Generations Bank at 9.00% per annum maturing April 22, 2029.
“issued a promissory note (the "Note") in favor of Generations Bank (the "Lender") evidencing a $20.0 million secured term loan (the "Loan") maturing on April 22, 2029. The Note bears interest at a fixed rate of 9.00% per annum”
Debt Financings
INNOVATIVE INDUSTRIAL PROPERTIES INC incurred revolving credit of up to $100 million with East West Bank at the greater of (i) the one-month Secured Overnight Financing Rate, as administer maturing October 3, 2028.
“IIP LP has a revolving line of credit available up to $100 million until the maturity date on October 3, 2028.”
Debt Financings
INNOVATIVE INDUSTRIAL PROPERTIES INC incurred revolving credit of $50.0 million with a federally regulated commercial bank at a variable rate based on the greater of (i) the prime rate plus an applicable ma maturing October 23, 2026.
“the Company, through its operating partnership, IIP OP, drew $50.0 million under its previously disclosed $87.5 million existing revolving credit facility established pursuant a Loan Agreement, dated October 23, 2023, as amended”
Mary Curran departed as Director at INNOVATIVE INDUSTRIAL PROPERTIES INC.
“On February 7, 2025, Mary Curran informed the Company that she will retire from the Board and not stand for re-election when her term expires at the Company’s 2025 annual meeting of shareholders.”
David Stecher departed as Director at INNOVATIVE INDUSTRIAL PROPERTIES INC.
“David Stecher informed Innovative Industrial Properties, Inc. (the “Company”) that he will retire from the Board and not stand for re-election when his term expires at the Company’s 2025 annual meeting of shareholders.”
Brian Wolfe resigned as Vice President, General Counsel and Secretary at INNOVATIVE INDUSTRIAL PROPERTIES INC.
“On January 2, 2025, Brian Wolfe, the Vice President, General Counsel and Secretary of Innovative Industrial Properties, Inc. (the “Company”), notified the Company of his intention to resign as an employee and officer of the Company effective January 9, 2025.”
Shareholder Votes
INNOVATIVE INDUSTRIAL PROPERTIES INC shareholders approved Advisory vote on the compensation of the Company’s named executive officers at the 2024-05-15 meeting.
“Proposal 3: Advisory vote on the compensation of the Company’s named executive officers.”
Shareholder Votes
INNOVATIVE INDUSTRIAL PROPERTIES INC shareholders approved Ratification of the appointment of BDO USA, P.C. as the Company’s independent registered public accounting firm for the year ending December 31, 2024 at the 2024-05-15 meeting.
“Proposal 2: Ratification of the appointment of BDO USA, P.C. as the Company’s independent registered public accounting firm for the year ending December 31, 2024.”
Shareholder Votes
INNOVATIVE INDUSTRIAL PROPERTIES INC shareholders approved Election of six directors at the 2024-05-15 meeting.
“Proposal 1: Election of six directors, each to serve until the 2025 annual meeting of stockholders and until his or her successor is duly elected and qualified.”
Earnings Releases
INNOVATIVE INDUSTRIAL PROPERTIES INC reported the first quarter ended March 31, 2024 results: revenue $75.5 million, net income $39.1 million, EPS $1.36 per share.
“Generated total revenues of $75.5 million and net income attributable to common stockholders of $39.1 million, or $1.36 per share”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.