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-0.000540637952784306 -0.000540637952784306 -0.000929897278788981 0.000180212650928059 0 -0.00360425301856195 -0.00396467832041807 -0.00396467832041807
Stock impact report

Innovative Industrial Properties Announces Closing of Initial Investment Into IQHQ

Innovative Industrial Properties, Inc. (IIPR) 
Company Research Source: Business Wire
Transaction Expected to Generate Significant Earnings Accretion for IIP Shareholders SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) (“IIP” or the “Company”), announced today that it has closed its initial investment into IQHQ, Inc. (“IQHQ”), a premier life science real estate platform. The initial investment totaled $105 million and was comprised of a $100 million investment into a revolving credit facility with the remainder invested in shares of preferred stock of IQHQ. The initial investment was funded through cash on hand and draws from the Company’s revolving credit facility. Pro forma for this investment, the Company’s remaining IQHQ commitments total up to $165 million of preferred stock, which is expected to be funded in multiple tranches between the fourth quarter of 2025 and the second quarter of 2027.“IIPR is pleased to continue to deploy capital in a highly accretive way for the benefit of shareholders. This is our first investment outsi Show less Read more
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