Innovative Industrial Properties Announces Exercise of Option to Purchase Additional Shares of Common Stock

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May 30, 2020
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Innovative Industrial Properties, Inc. (the “Company”) (NYSE: IIPR) announced today the full exercise of the underwriter’s option to purchase an additional 202,259 shares of common stock in connection with the Company’s previously announced follow-on offering that priced on May 26, 2020. In total, the Company sold 1,550,648 shares of common stock in the offering, raising gross offering proceeds of approximately $115.0 million.