Innovative Industrial Properties (IIPR) recently announced that it has closed the acquisition of a Florida property for $13.0 million. The company acquired the property to enhance its portfolio and bank on healthy market fundamentals. This real estate investment trust (“REIT”), focused on a cannabis-centered real estate portfolio, also entered into a long-term, triple-net lease agreement for the property with a subsidiary of AYR Wellness Inc. This 16-acre property comprises 145,000 square feet of industrial ...