REIT inks $25 million deal to acquire Michigan marijuana property

On: September 2, 2020

Innovative Industrial Properties continues to gobble up cannabis properties, with the San Diego-based real estate investment trust (REIT) closing a potentially $25 million deal to acquire and lease back a marijuana facility in Michigan. The acquisition of the 63,000-square-foot building in the Detroit suburb of Madison Heights from Holistic Industries includes: A $6.2 million purchase […]

REIT inks $25 million deal to acquire Michigan marijuana property is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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