IIPR.PRA / Innovative Industrial Properties, Inc. - Preferred Stock - Pengajuan SECLaporan Tahunan, Pernyataan Proksi

Innovative Industrial Properties, Inc. - Preferred Stock
US ˙ NYSE ˙ US45781V2007

Mga Batayang Estadistika
LEI 5493008BQ0545EZXRR30
CIK 1677576
SEC Filings
All companies that sell securities in the United States must register with the Securities and Exchange Commission (SEC) and file reports on a regular basis. These reports include company annual reports (10K, 10Q), news updates (8K), investor presentations (found in 8Ks), insider trades (form 4), ownership reports (13D, and 13G), and reports related to the specific securities sold, such as registration statements and prospectus. This page shows recent SEC filings related to Innovative Industrial Properties, Inc. - Preferred Stock
SEC Filings (Chronological Order)
Halaman ini menyediakan daftar lengkap dan kronologis dari Pengajuan SEC, tidak termasuk pengajuan kepemilikan yang kami sediakan di tempat lain.
August 12, 2025 EX-99.1

Innovative Industrial Properties Announces Strategic and Diversifying $270 Million Investment in Life Science Real Estate Platform Transaction Expected to Generate Significant Earnings Accretion for IIP Shareholders Positions IIP to Benefit from Long

Exhibit 99.1 Innovative Industrial Properties Announces Strategic and Diversifying $270 Million Investment in Life Science Real Estate Platform Transaction Expected to Generate Significant Earnings Accretion for IIP Shareholders Positions IIP to Benefit from Long-Term Strength of Life Science Industry, Where IIP Management Has Decades of Combined Experience SAN DIEGO, CA – August 6, 2025 – Innovat

August 12, 2025 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 6, 2025 Innovative Industr

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 6, 2025 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporatio

August 12, 2025 EX-10.1

Securities PURCHASE AGREEMENT

Exhibit 10.1   THE SECURITIES REPRESENTED BY THIS AGREEMENT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISPOSITION THEREOF. NO SUCH SALE OR DISPOSITION MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN EXEMP

August 7, 2025 EX-99.1

Innovative Industrial Properties Reports Second Quarter 2025 Results Repurchased $20 Million of Common Stock and Maintained Strong Liquidity Exceeding $190 Million

Exhibit 99.1 Innovative Industrial Properties Reports Second Quarter 2025 Results Repurchased $20 Million of Common Stock and Maintained Strong Liquidity Exceeding $190 Million SAN DIEGO, CA – August 6, 2025 – Innovative Industrial Properties, Inc. (NYSE: IIPR) (“IIP” or the “Company”), the first and only real estate company on the New York Stock Exchange focused on the regulated U.S. cannabis ind

August 7, 2025 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 6, 2025 Innovative Industr

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 6, 2025 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporatio

August 7, 2025 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission file number: 00

August 7, 2025 EX-99.3

Innovative Industrial Properties 1 INNOVATIVE INDUSTRIAL PROPERTIES NYSE: IIPR INNOVATIVEINDUSTRIALPROPERTIES.COM COMPANY PRESENTATION – AUGUST 2025

Exhibit 99.3 Innovative Industrial Properties 1 INNOVATIVE INDUSTRIAL PROPERTIES NYSE: IIPR INNOVATIVEINDUSTRIALPROPERTIES.COM COMPANY PRESENTATION – AUGUST 2025 Innovative Industrial Properties 2 This presentation and our associated comments includes "forward - looking statements" (within the meaning of the Private Securitie s Litigation Reform Act of 1995, Section 27A of the Securities Act of 19

August 7, 2025 EX-99.2

Innovative Industrial Properties Second Quarter 2025 Supplemental Financial Information

Exhibit 99.2 Innovative Industrial Properties Second Quarter 2025 Supplemental Financial Information Innovative Industrial Properties 2 Overview 3 Forward - Looking Statements 4 Company Overview Financial Information 5 Quarterly Performance Summary 6 Balance Sheet 7 Net Income 8 Statements of Cash Flows 9 FFO, Normalized FFO, and AFFO Reconciliation 10 Historical Net Income 11 Historical FFO, Norm

June 11, 2025 8-K

Financial Statements and Exhibits, Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 11, 2025 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporation

May 13, 2025 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 13, 2025 Innovative Industria

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 13, 2025 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporation)

May 13, 2025 424B5

Common Stock 9.00% Series A Cumulative Redeemable Preferred Stock (Liquidation Preference $25.00 per share)

As filed pursuant to Rule 424(b)(5) Registration Nos. 333-285148 Supplement No. 1 dated May 13, 2025 To prospective supplement dated February 26, 2025 (To Prospectus dated February 21, 2025) $500,000,000 Common Stock 9.00% Series A Cumulative Redeemable Preferred Stock (Liquidation Preference $25.00 per share) This supplement is being filed to supplement certain information in the prospectus suppl

May 8, 2025 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission file number: 0

May 7, 2025 8-K

Regulation FD Disclosure, Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 7, 2025 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporation)

May 7, 2025 EX-99.1

Innovative Industrial Properties Reports First Quarter 2025 Results Year-to-Date Leasing Activity Totals 211,000 Square Feet Across Two Properties

Exhibit 99.1 Innovative Industrial Properties Reports First Quarter 2025 Results Year-to-Date Leasing Activity Totals 211,000 Square Feet Across Two Properties SAN DIEGO, CA – May 7, 2025 – Innovative Industrial Properties, Inc. (NYSE: IIPR) (“IIP” or the “Company”), the first and only real estate company on the New York Stock Exchange focused on the regulated U.S. cannabis industry, announced tod

May 7, 2025 EX-99.3

Innovative Industrial Properties 2 This presentation and our associated comments includes "forward-looking statements" (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended,

Exhibit 99.3 Innovative Industrial Properties 1 INNOVATIVE INDUSTRIAL PROPERTIES NYSE: IIPR INNOVATIVEINDUSTRIALPROPERTIES.COM COMPANY PRESENTATION – MAY 2025 Innovative Industrial Properties 2 This presentation and our associated comments includes "forward-looking statements" (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as

May 7, 2025 EX-99.2

Innovative Industrial Properties 2 Overview Forward-Looking Statements 3 Company Overview 4 Financial Information Quarterly Performance Summary 5 Balance Sheet 6 Net Income 7 Statements of Cash Flows 8 FFO, Normalized FFO, and AFFO Reconciliation 9 H

Exhibit 99.2 Innovative Industrial Properties First Quarter 2025 Supplemental Financial Information Innovative Industrial Properties 2 Overview Forward-Looking Statements 3 Company Overview 4 Financial Information Quarterly Performance Summary 5 Balance Sheet 6 Net Income 7 Statements of Cash Flows 8 FFO, Normalized FFO, and AFFO Reconciliation 9 Historical Net Income 10 Historical FFO, Normalized

April 29, 2025 DEFA14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant x Filed by a Party other than the Registrant ¨ Check the appropriate box: ¨ Preliminary Proxy Statement ¨ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ¨ Definitive Proxy Statement x Definitive Additional Materials ¨ Soliciting Material Pursuant to § 240.

April 29, 2025 DEF 14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☒ Definitive Proxy Statement ☐ Definitive Additional Materials ☐ Soliciting Material Pursuant to § 240.

March 28, 2025 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 28, 2025 Innovative Industr

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 28, 2025 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporatio

March 28, 2025 EX-99.1

Innovative Industrial Properties Reports Defaults by Tenants

Exhibit 99.1 Innovative Industrial Properties Reports Defaults by Tenants SAN DIEGO, CA – March 28, 2025 – Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR), a leading real estate investment trust specializing in the regulated cannabis industry, today announced a significant tenant replacement and renewal initiative aimed at enhancing the performance of its real estate portfolio and drivin

March 17, 2025 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 17, 2025 Innovative Industr

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 17, 2025 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporatio

March 14, 2025 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 14, 2025 Innovative Industr

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 14, 2025 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporatio

February 26, 2025 EX-1.1

Form of Amendment to Equity Distribution Agreement.

Exhibit 1.1 INNOVATIVE INDUSTRIAL PROPERTIES, INC. COMMON STOCK (par value $0.001 per share) 9.00% SERIES A CUMULATIVE REDEEMABLE PREFERRED STOCK (par value $0.001 per share) AMENDMENT NO. 1 TO THE EQUITY DISTRIBUTION AGREEMENT February [●], 2025 [●]. [●] [●] Ladies and Gentlemen: Reference is made to the Equity Distribution Agreement, dated May 24, 2024 (the “Agreement”), by and among Innovative

February 26, 2025 EX-FILING FEES

Table 1: Newly Registered and Carry Forward Securities

Calculation of Filing Fee Tables S-3 INNOVATIVE INDUSTRIAL PROPERTIES INC Table 1: Newly Registered and Carry Forward Securities Security Type Security Class Title Fee Calculation or Carry Forward Rule Amount Registered Proposed Maximum Offering Price Per Unit Maximum Aggregate Offering Price Fee Rate Amount of Registration Fee Carry Forward Form Type Carry Forward File Number Carry Forward Initial Effective Date Filing Fee Previously Paid in Connection with Unsold Securities to be Carried Forward Newly Registered Securities Fees to be Paid 1 Equity Common Stock, par value $0.

February 26, 2025 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 26, 2025 Innovative Indu

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 26, 2025 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorpora

February 26, 2025 424B5

Common Stock 9.00% Series A Cumulative Redeemable Preferred Stock (Liquidation Preference $25.00 per share)

As filed pursuant to Rule 424(b)(5) Registration No. 333-285148 PROSPECTUS SUPPLEMENT (To Prospectus dated February 21, 2025) $500,000,000 Common Stock 9.00% Series A Cumulative Redeemable Preferred Stock (Liquidation Preference $25.00 per share) We previously entered into separate equity distribution agreements, dated May 24, 2024 (as amended from time to time the “equity distribution agreements”

February 21, 2025 EX-19.1

Innovative Industrial Properties, Inc. Insider Trading Compliance Program.

Exhibit 19.1 Innovative Industrial Properties, Inc. Insider Trading Compliance Program This Statement consists of four sections: ●Section I provides an overview; ●Section II sets forth Innovative Industrial Properties, Inc.’s policies prohibiting insider trading; ●Section III explains insider trading; and ●Section IV consists of various procedures which have been put in place by Innovative Industr

February 21, 2025 EX-4.4

Innovative Industrial Properties, Inc. Description of Securities Registered Pursuant to Section 12 of the Securities Exchange Act of 1934, as amended.

Exhibit 4.4 Description of Securities Registered Under Section 12 of the Securities Exchange Act of 1934, as amended As of December 31, 2024, Innovative Industrial Properties, Inc. (the “Company,” “we,” “us,” and “our”) had two classes of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”): (1) our common stock, par value $0.001 per share,

February 21, 2025 S-3ASR

As filed with the Securities and Exchange Commission on February 21, 2025

S-3ASR 1 tm256945d1s3asr.htm S-3ASR As filed with the Securities and Exchange Commission on February 21, 2025 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-3 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 INNOVATIVE INDUSTRIAL PROPERTIES, INC. IIP OPERATING PARTNERSHIP, LP (Exact Name of Registrant as Specified in its Governing Instru

February 21, 2025 EX-FILING FEES

Filing Fee Table

Calculation of Filing Fee Tables S-3 INNOVATIVE INDUSTRIAL PROPERTIES INC Table 1: Newly Registered and Carry Forward Securities Security Type Security Class Title Fee Calculation or Carry Forward Rule Amount Registered Proposed Maximum Offering Price Per Unit Maximum Aggregate Offering Price Fee Rate Amount of Registration Fee Carry Forward Form Type Carry Forward File Number Carry Forward Initial Effective Date Filing Fee Previously Paid in Connection with Unsold Securities to be Carried Forward Newly Registered Securities Fees to be Paid 1 Debt Debt Securities 457(r) 0.

February 21, 2025 EX-4.2

Form of Indenture among IIP Operating Partnership, LP, as issuer, Innovative Industrial Properties, Inc., as guarantor, and Argent Institutional Trust Company, as trustee, and Securities Transfer Corporation, as registrar.

EX-4.2 2 tm256945d1ex4-2.htm EXHIBIT 4.2 Exhibit 4.2 IIP OPERATING PARTNERSHIP, LP INDENTURE Dated as of ARGENT INSTITUTIONAL TRUST COMPANY as Trustee and Notice Agent and SECURITIES TRANSFER CORPORATION, as Registrar TABLE OF CONTENTS Page Article I. DEFINITIONS AND INCORPORATION BY REFERENCE 1 Section 1.1. Definitions 1 Section 1.2. Other Definitions 5 Section 1.3. Incorporation by Reference of

February 21, 2025 EX-25.1

Form T-1 Statement of Eligibility under the Trust Indenture Act of 1939, as amended, of Argent Institutional Trust Company, as trustee with respect to Exhibit 4.2.

EX-25.1 6 tm256945d1ex25-1.htm EXHIBIT 25.1 Exhibit 25.1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM T-1 STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b)(2) [] ARGENT INSTITUTIONAL TRUST COMPANY (Exact name of trustee

February 21, 2025 EX-21.1

List of Subsidiaries of Innovative Industrial Properties, Inc.

Exhibit 21.1 Subsidiaries of the Registrant The list below excludes subsidiaries in the same line of business (ownership and operation of commercial real estate) and includes the immediate parent of each excluded subsidiary. The list also excludes subsidiaries that in the aggregate, as a single subsidiary, would not constitute a significant subsidiary as of December 31, 2024. A total of 70 subsidi

February 21, 2025 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to Commission File Number: 001-37

February 20, 2025 EX-99.3

Innovative Industrial Properties 1 INNOVATIVE INDUSTRIAL PROPERTIES NYSE: IIPR INNOVATIVEINDUSTRIALPROPERTIES.COM COMPANY PRESENTATION – FEBRUARY 2025

Exhibit 99.3 Innovative Industrial Properties 1 INNOVATIVE INDUSTRIAL PROPERTIES NYSE: IIPR INNOVATIVEINDUSTRIALPROPERTIES.COM COMPANY PRESENTATION – FEBRUARY 2025 Innovative Industrial Properties 2 This presentation and our associated comments includes "forward - looking statements" (within the meaning of the Private Securitie s Litigation Reform Act of 1995, Section 27A of the Securities Act of

February 20, 2025 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 19, 2025 Innovative Indu

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 19, 2025 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorpora

February 20, 2025 EX-99.1

Innovative Industrial Properties Reports Fourth Quarter and Full-Year 2024 Results 2024 Leasing Activity of 530,000 Square Feet, or 6% of Total Portfolio

Exhibit 99.1 Innovative Industrial Properties Reports Fourth Quarter and Full-Year 2024 Results 2024 Leasing Activity of 530,000 Square Feet, or 6% of Total Portfolio SAN DIEGO, CA – February 19, 2025 – Innovative Industrial Properties, Inc. (NYSE: IIPR) (“IIP” or the “Company”), the first and only real estate company on the New York Stock Exchange focused on the regulated U.S. cannabis industry,

February 20, 2025 EX-99.2

Innovative Industrial Properties Fourth Quarter 2024 Supplemental Financial Information

Exhibit 99.2 Innovative Industrial Properties Fourth Quarter 2024 Supplemental Financial Information Innovative Industrial Properties 2 Overview 3 Forward - Looking Statements 4 Company Overview Financial Information 5 Quarterly Performance Summary 6 Balance Sheet 7 Net Income 8 Statements of Cash Flows 9 FFO, Normalized FFO, and AFFO Reconciliation 10 Historical Net Income 11 Historical FFO, Norm

February 11, 2025 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 5, 2025 Innovative Indus

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 5, 2025 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporat

January 30, 2025 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 28, 2025 Innovative Indus

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 28, 2025 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporat

January 30, 2025 EX-99.1

Innovative Industrial Properties Reports Resolution to Default by PharmaCann

Exhibit 99.1 Innovative Industrial Properties Reports Resolution to Default by PharmaCann SAN DIEGO, CA – January 30, 2025 – Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it has reached an agreement with PharmaCann Inc. and its affiliates (collect

January 6, 2025 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 2, 2025 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporati

December 30, 2024 CORRESP

INNOVATIVE INDUSTRIAL PROPERTIES, INC. 1389 Center Drive, Suite 200 Park City, UT 84098 December 30, 2024

INNOVATIVE INDUSTRIAL PROPERTIES, INC. 1389 Center Drive, Suite 200 Park City, UT 84098 December 30, 2024 VIA EDGAR Mr. Ameen Hamady Mr. Isaac Esquivel United States Securities and Exchange Commission Division of Corporation Finance 100 F Street, N.E. Washington, D.C. 20549 Re: Innovative Industrial Properties, Inc. Form 10-K for the Fiscal Year ended December 31, 2023 (“2023 Form 10-K”) Filed Feb

December 20, 2024 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 19, 2024 Innovative Indu

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 19, 2024 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorpora

December 20, 2024 EX-99.1

Innovative Industrial Properties Reports Default by PharmaCann on All Leases

Exhibit 99.1 Innovative Industrial Properties Reports Default by PharmaCann on All Leases SAN DIEGO, CA – December 20, 2024 – Innovative Industrial Properties, Inc. (IIP), through indirect, wholly owned subsidiaries serving as landlords, previously entered into leases (collectively, the Leases) with PharmaCann Inc. and its affiliates (collectively, PharmaCann) as tenants for eleven properties that

November 7, 2024 EX-99.1

Innovative Industrial Properties Reports Third Quarter 2024 Results

Exhibit 99.1 Innovative Industrial Properties Reports Third Quarter 2024 Results SAN DIEGO, CA – November 6, 2024 – Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today results for the third quarter ended September 30, 2024. Financial Results, Dividend and Ca

November 7, 2024 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission file numbe

November 7, 2024 EX-99.1

Innovative Industrial Properties 1 INNOVATIVE INDUSTRIAL PROPERTIES NYSE: IIPR INNOVATIVEINDUSTRIALPROPERTIES.COM COMPANY PRESENTATION – NOVEMBER 2024

Exhibit 99.1 Innovative Industrial Properties 1 INNOVATIVE INDUSTRIAL PROPERTIES NYSE: IIPR INNOVATIVEINDUSTRIALPROPERTIES.COM COMPANY PRESENTATION – NOVEMBER 2024 Innovative Industrial Properties 2 This presentation and our associated comments include "forward - looking statements" (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 19

November 7, 2024 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 7, 2024 Innovative Indus

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 7, 2024 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporat

November 7, 2024 EX-3.1

Second Articles of Amendment and Restatement of Innovative Industrial Properties, Inc. (including Articles Supplementary Classifying Innovative Industrial Properties, Inc.’s 9.00% Series A Cumulative Redeemable Preferred Stock).

Exhibit 3.1 SECOND ARTICLES OF AMENDMENT AND RESTATEMENT OF INNOVATIVE INDUSTRIAL PROPERTIES, INC. FIRST: Innovative Industrial Properties, Inc., a Maryland corporation, desires to amend and restate its charter as currently in effect and as hereinafter amended. SECOND: The following provisions are all the provisions of the charter currently in effect and as hereinafter amended: ARTICLE I NAME The

November 7, 2024 EX-99.2

Innovative Industrial Properties Third Quarter 2024 Supplemental Financial Information

Exhibit 99.2 Innovative Industrial Properties Third Quarter 2024 Supplemental Financial Information Innovative Industrial Properties 2 Overview 3 Forward - Looking Statements 4 Company Overview Financial Information 5 Quarterly Performance Summary 6 Balance Sheet 7 Net Income 8 Statements of Cash Flows 9 FFO, Normalized FFO, and AFFO Reconciliation 10 Historical Net Income 11 Historical FFO, Norma

November 7, 2024 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 6, 2024 Innovative Indus

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 6, 2024 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporat

August 30, 2024 10-Q/A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q/A Amendment No. 1

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q/A Amendment No. 1 (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2024 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission file number: 00

August 30, 2024 10-Q/A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q/A Amendment No. 1

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q/A Amendment No. 1 (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2024 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission file number: 0

August 30, 2024 10-K/A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K/A Amendment No. 1

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K/A Amendment No. 1 (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2023 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to Commission File Number: 001-37

August 30, 2024 CORRESP

INNOVATIVE INDUSTRIAL PROPERTIES, INC. 1389 Center Drive, Suite 200 Park City, UT 84098 August 30, 2024

INNOVATIVE INDUSTRIAL PROPERTIES, INC. 1389 Center Drive, Suite 200 Park City, UT 84098 August 30, 2024 VIA EDGAR Mr. Ameen Hamady Mr. Isaac Esquivel United States Securities and Exchange Commission Division of Corporation Finance 100 F Street, N.E. Washington, D.C. 20549 Re: Innovative Industrial Properties, Inc. Form 10-K for the Fiscal Year ended December 31, 2023 (“2023 Form 10-K”) Filed Febru

August 7, 2024 8-K

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 7, 2024 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporatio

August 7, 2024 EX-99.1

Innovative Industrial Properties 1 INNOVATIVE INDUSTRIAL PROPERTIES NYSE: IIPR INNOVATIVEINDUSTRIALPROPERTIES.COM COMPANY PRESENTATION – AUGUST 2024

Exhibit 99.1 Innovative Industrial Properties 1 INNOVATIVE INDUSTRIAL PROPERTIES NYSE: IIPR INNOVATIVEINDUSTRIALPROPERTIES.COM COMPANY PRESENTATION – AUGUST 2024 Innovative Industrial Properties 2 This presentation and our associated comments include "forward - looking statements" (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933

August 6, 2024 EX-99.2

Innovative Industrial Properties Second Quarter 2024 Supplemental Financial Information

Exhibit 99.2 Innovative Industrial Properties Second Quarter 2024 Supplemental Financial Information Innovative Industrial Properties 2 Overview Forward - Looking Statements 3 Company Overview 4 Financial Information Quarterly Performance Summary 5 Balance Sheet 6 Net Income 7 Statements of Cash Flows 8 FFO, Normalized FFO, and AFFO Reconciliation 9 Historical Net Income 10 Historical FFO, Normali

August 6, 2024 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 5, 2024 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporatio

August 6, 2024 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission file number: 00

August 6, 2024 EX-99.1

Innovative Industrial Properties Reports Second Quarter 2024 Results Second quarter dividend increased 4.4%, continuing track record of increasing dividend every year since inception in 2016

Exhibit 99.1 Innovative Industrial Properties Reports Second Quarter 2024 Results Second quarter dividend increased 4.4%, continuing track record of increasing dividend every year since inception in 2016 SAN DIEGO, CA – August 5, 2024 – Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cann

May 24, 2024 EX-1.1

Form of Equity Distribution Agreement.

Exhibit 1.1 Execution Version INNOVATIVE INDUSTRIAL PROPERTIES, INC. UP TO $500,000,000 OF COMMON STOCK (par value $0.001 per share) 9.00% SERIES A CUMULATIVE REDEEMABLE PREFERRED STOCK (par value $0.001 per share) EQUITY DISTRIBUTION AGREEMENT May 24, 2024 [ ] [ ] [ ] Ladies and Gentlemen: Innovative Industrial Properties, Inc., a Maryland corporation (the “Company”), and IIP Operating Partnershi

May 24, 2024 EX-3.1

Articles Supplementary to the Second Articles of Amendment and Restatement of Innovative Industrial Properties, Inc., designating additional shares of the Company’s 9.00% Series A Cumulative Redeemable Preferred Stock, par value $0.001 per share.

Exhibit 3.1 INNOVATIVE INDUSTRIAL PROPERTIES, INC. ARTICLES SUPPLEMENTARY 9.00% SERIES A CUMULATIVE REDEEMABLE PREFERRED STOCK Innovative Industrial Properties, Inc., a Maryland corporation (the “Company”), hereby certifies to the State Department of Assessments and Taxation of Maryland (the “SDAT”) that: FIRST: By Articles Supplementary filed with the SDAT on October 16, 2017 (the “Prior Articles

May 24, 2024 EX-1.2

Form of Master Forward Sale Agreement.

Exhibit 1.2 [Place on Letterhead] To: Innovative Industrial Properties Inc. From: [*] Re: Issuer Share Forward Sale Transactions Date: May 24, 2024 Ladies and Gentlemen: The purpose of this communication (this “Master Confirmation”) is to set forth the terms and conditions of the transactions to be entered into from time to time between [*] (“Dealer”) and Innovative Industrial Properties Inc.(“Cou

May 24, 2024 8-K

Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Material Modification to Rights of Security Holders, Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 23, 2024 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporation)

May 24, 2024 424B5

Common Stock 9.00% Series A Cumulative Redeemable Preferred Stock (Liquidation Preference $25.00 per share)

TABLE OF CONTENTS  As filed pursuant to Rule 424(b)(5)  Registration Nos. 333-262320 PROSPECTUS SUPPLEMENT (To Prospectus dated January 24, 2022) $500,000,000 Common Stock 9.00% Series A Cumulative Redeemable Preferred Stock (Liquidation Preference $25.00 per share) We have entered into separate equity distribution agreements with each of BTIG, LLC, Jefferies LLC, Piper Sandler & Co. and Roth Capi

May 24, 2024 EX-FILING FEES

INNOVATIVE INDUSTRIAL PROPERTIES INC Table 1: Newly Registered and Carry Forward Securities

Exhibit 107 INNOVATIVE INDUSTRIAL PROPERTIES INC Table 1: Newly Registered and Carry Forward Securities Security Type Security Class Title Fee Calculation or Carry Forward Rule Amount Registered Proposed Maximum Offering Price Per Unit Maximum Aggregate Offering Price Fee Rate Amount of Registration Fee Newly Registered Securities Fees to be Paid 1 Equity Common Stock, par value $0.

May 15, 2024 8-K

Financial Statements and Exhibits, Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 15, 2024 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporation)

May 13, 2024 EX-99.1

Innovative Industrial Properties 1 INNOVATIVE INDUSTRIAL PROPERTIES NYSE: IIPR INNOVATIVEINDUSTRIALPROPERTIES.COM COMPANY PRESENTATION – MAY 2024

Exhibit 99.1 Innovative Industrial Properties 1 INNOVATIVE INDUSTRIAL PROPERTIES NYSE: IIPR INNOVATIVEINDUSTRIALPROPERTIES.COM COMPANY PRESENTATION – MAY 2024 Innovative Industrial Properties 2 This presentation and our associated comments include "forward - looking statements" (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, a

May 13, 2024 8-K

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 13, 2024 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporation)

May 9, 2024 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission file number: 0

May 9, 2024 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 8, 2024 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporation)

May 9, 2024 EX-99.1

Innovative Industrial Properties Reports First Quarter 2024 Results Executed New Leases at Four Existing Properties Totaling $69.4 Million in Invested/Committed Capital YTD

Exhibit 99.1 Innovative Industrial Properties Reports First Quarter 2024 Results Executed New Leases at Four Existing Properties Totaling $69.4 Million in Invested/Committed Capital YTD SAN DIEGO, CA – May 8, 2024 – Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announ

May 9, 2024 EX-99.2

Innovative Industrial Properties First Quarter 2024 Supplemental Financial Information

Exhibit 99.2 Innovative Industrial Properties First Quarter 2024 Supplemental Financial Information Innovative Industrial Properties 2 Overview Forward - Looking Statements 3 Company Overview 4 Financial Information Quarterly Performance Summary 5 Balance Sheet 6 Net Income 7 Statements of Cash Flows 8 FFO, Normalized FFO, and AFFO Reconciliation 9 Historical Net Income 10 Historical FFO, Normaliz

May 3, 2024 DEFA14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. )

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.

April 1, 2024 DEF 14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☒ Definitive Proxy Statement ☐ Definitive Additional Materials ☐ Soliciting Material Pursuant to § 240.

April 1, 2024 DEFA14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant x Filed by a Party other than the Registrant ¨ Check the appropriate box: ¨ Preliminary Proxy Statement ¨ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ¨ Definitive Proxy Statement x Definitive Additional Materials ¨ Soliciting Material Pursuant to § 240.

March 4, 2024 8-K

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 4, 2024 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporation

March 4, 2024 EX-99.1

Innovative Industrial Properties 1 INNOVATIVE INDUSTRIAL PROPERTIES NYSE: IIPR INNOVATIVEINDUSTRIALPROPERTIES.COM COMPANY PRESENTATION POSTED: MARCH 4, 2024

Exhibit 99.1 Innovative Industrial Properties 1 INNOVATIVE INDUSTRIAL PROPERTIES NYSE: IIPR INNOVATIVEINDUSTRIALPROPERTIES.COM COMPANY PRESENTATION POSTED: MARCH 4, 2024 Innovative Industrial Properties 2 FORWARD LOOKING STATEMENTS This presentation and our associated comments include "forward - looking statements" (within the meaning of the Private Securities Litigation Reform Act of 1995, Sectio

February 27, 2024 EX-99.1

Innovative Industrial Properties Reports Fourth Quarter and Full-Year 2023 Results FY 2023 Net Income and AFFO Per Share Increased 5% and 7% over 2022, Respectively

Exhibit 99.1 Innovative Industrial Properties Reports Fourth Quarter and Full-Year 2023 Results FY 2023 Net Income and AFFO Per Share Increased 5% and 7% over 2022, Respectively SAN DIEGO, CA – February 26, 2024 – Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announce

February 27, 2024 EX-97.1

Innovative Industrial Properties, Inc. Compensation Recovery Policy.

Exhibit 97.1 Innovative Industrial Properties, Inc. Compensation Recovery Policy (adopted November 6, 2023) This Compensation Recovery Policy (the “Policy”) amends and restates in its entirety the Compensation Recovery Policy previously adopted by the Compensation Committee (the “Committee”) of the Board of Directors of Innovative Industrial Properties, Inc. (the “Company”). To the extent this Pol

February 27, 2024 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 26, 2024 Innovative Indu

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 26, 2024 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorpora

February 27, 2024 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to Commission File Number: 001-37

February 27, 2024 EX-99.2

Innovative Industrial Properties Fourth Quarter 2023 Supplemental Financial Information

Exhibit 99.2 Innovative Industrial Properties Fourth Quarter 2023 Supplemental Financial Information Innovative Industrial Properties 2 Overview Forward - Looking Statements 3 Company Overview 4 Financial Information Quarterly Performance Summary 5 Balance Sheet 6 Net Income 7 FFO, Normalized FFO, and AFFO Reconciliation 8 Historical Net Income 9 Historical FFO, Normalized FFO, and AFFO Reconcilia

February 27, 2024 EX-21.1

List of Subsidiaries of Innovative Industrial Properties, Inc.

Exhibit 21.1 Subsidiaries of the Registrant The list below excludes subsidiaries in the same line of business (ownership and operation of commercial real estate) and includes the immediate parent of each excluded subsidiary. The list also excludes subsidiaries that in the aggregate, as a single subsidiary, would not constitute a significant subsidiary as of December 31, 2023. A total of 69 subsidi

February 13, 2024 SC 13G/A

IIPR / Innovative Industrial Properties, Inc. / VANGUARD GROUP INC - SCHEDULE 13G/A Passive Investment

SC 13G/A 1 tv01187-innovativeindustrial.htm SCHEDULE 13G/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 6)* Name of issuer: Innovative Industrial Properties Inc Title of Class of Securities: Common Stock CUSIP Number: 45781V101 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appro

February 13, 2024 SC 13G/A

IIPR / Innovative Industrial Properties, Inc. / Zimmer Partners, LP Passive Investment

SC 13G/A 1 formsc13ga-innovative.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 13G (Rule 13d-102) (Amendment No. 1) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934 Innovative Industrial Properties, Inc. (Name of Issuer) Common Sto

November 3, 2023 8-K

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 3, 2023 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporat

November 3, 2023 EX-99.1

Innovative Industrial Properties 1 INNOVATIVE INDUSTRIAL PROPERTIES NYSE: IIPR INNOVATIVEINDUSTRIALPROPERTIES.COM COMPANY PRESENTATION POSTED: NOVEMBER 3, 2023

Exhibit 99.1 Innovative Industrial Properties 1 INNOVATIVE INDUSTRIAL PROPERTIES NYSE: IIPR INNOVATIVEINDUSTRIALPROPERTIES.COM COMPANY PRESENTATION POSTED: NOVEMBER 3, 2023 Innovative Industrial Properties 2 FORWARD LOOKING STATEMENTS This presentation and our associated comments include "forward - looking statements" (within the meaning of the Private Securities Litigation Reform Act of 1995, Sec

November 2, 2023 EX-99.1

Innovative Industrial Properties Reports Third Quarter 2023 Results

Exhibit 99.1 Innovative Industrial Properties Reports Third Quarter 2023 Results SAN DIEGO, CA – November 1, 2023 – Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today results for the third quarter ended September 30, 2023. Third Quarter 2023 and Subsequent

November 2, 2023 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission file numbe

November 2, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 1, 2023 Innovative Indus

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 1, 2023 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporat

November 2, 2023 EX-99.2

Innovative Industrial Properties Third Quarter 2023 Supplemental Financial Information

Exhibit 99.2 Innovative Industrial Properties Third Quarter 2023 Supplemental Financial Information Innovative Industrial Properties 2 Overview Forward - Looking Statements 3 Company Overview 4 Financial Information Quarterly Performance Summary 5 Balance Sheet 6 Net Income 7 FFO, Normalized FFO, and AFFO Reconciliation 8 Historical Net Income 9 Historical FFO, Normalized FFO, and AFFO Reconciliat

September 27, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 21, 2023 Innovative Ind

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 21, 2023 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorpor

August 4, 2023 EX-99.1

Innovative Industrial Properties 1 INNOVATIVE INDUSTRIAL PROPERTIES NYSE: IIPR INNOVATIVEINDUSTRIALPROPERTIES.COM COMPANY PRESENTATION POSTED: AUGUST 4, 2023 Innovative Industrial Properties 2 FORWARD LOOKING STATEMENTS This presentation and our asso

Exhibit 99.1 Innovative Industrial Properties 1 INNOVATIVE INDUSTRIAL PROPERTIES NYSE: IIPR INNOVATIVEINDUSTRIALPROPERTIES.COM COMPANY PRESENTATION POSTED: AUGUST 4, 2023 Innovative Industrial Properties 2 FORWARD LOOKING STATEMENTS This presentation and our associated comments include "forward-looking statements" (within the meaning of the Private Securities Litigation Reform Act of 1995, Section

August 4, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 4, 2023 Innovative Industr

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 4, 2023 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporatio

August 3, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 2, 2023 Innovative Industr

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 2, 2023 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporatio

August 3, 2023 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission file number: 00

August 3, 2023 EX-3.1

Certificate of Formation of IIP-MO 1 LLC.

Exhibit 3.1 STATE of DELAWARE LIMITED LIABILITY COMPANY CERTIFICATE of FORMATION of IIP-MO 1 LLC The undersigned, being an authorized person, for the purpose of forming a limited liability company under the Delaware Limited Liability Company Act, Chapter 18, Title 6, Delaware Code, Section 18-101 et seq (the “Act”), hereby certifies pursuant to Section 18-201. FIRST:The name of the limited liabili

August 3, 2023 EX-99.2

Innovative Industrial Properties Second Quarter 2023 Supplemental Financial Information

Exhibit 99.2 Innovative Industrial Properties Second Quarter 2023 Supplemental Financial Information Innovative Industrial Properties 2 Overview Forward - Looking Statements 3 Company Overview 4 Financial Information Quarterly Performance Summary 5 Balance Sheet 6 Net Income 7 FFO, Normalized FFO, and AFFO Reconciliation 8 Historical Net Income 9 Historical FFO, Normalized FFO, and AFFO Reconcilia

August 3, 2023 EX-99.1

Innovative Industrial Properties Reports Second Quarter 2023 Results

Exhibit 99.1 Innovative Industrial Properties Reports Second Quarter 2023 Results SAN DIEGO, CA – August 2, 2023 – Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today results for the second quarter ended June 30, 2023. Second Quarter 2023 Financial Results ·

August 3, 2023 EX-22.1

List of Subsidiary Guarantors.

Exhibit 22.1 Guarantor Subsidiaries Subsidiary State of Formation/Organization IIP-AZ 1 LLC Delaware IIP-AZ 2 LLC Delaware IIP-AZ 3 LLC Delaware IIP-CA 1 LP Delaware IIP-CA 2 LP Delaware IIP-CA 3 LP Delaware IIP-CA 4 LP Delaware IIP-CA 5 LP Delaware IIP-CA 6 LP Delaware IIP-CO 1 LLC Delaware IIP-CO 2 LLC Delaware IIP-CO 3 LLC Delaware IIP-CO 4 LLC Delaware IIP-FL 1 LLC Delaware IIP-FL 2 LLC Delawa

August 3, 2023 EX-10.1

Limited Liability Company Agreement of IIP-MO 1 LLC.

Exhibit 10.1 LIMITED LIABILITY COMPANY AGREEMENT OF IIP-MO 1 LLC a Delaware limited liability company Effective as of June 22, 2021 LIMITED LIABILITY COMPANY AGREEMENT of IIP-MO 1 LLC This LIMITED LIABILITY COMPANY AGREEMENT (“Agreement”) of IIP-MO 1 LLC (the “Company”) is effective as of the 22nd day of June, 2021. 1.Formation of Limited Liability Company. IIP Operating Partnership, LP, a Delawar

June 7, 2023 8-K

Financial Statements and Exhibits, Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 7, 2023 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporation)

May 12, 2023 8-K

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 12, 2023 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporation)

May 12, 2023 EX-99.1

Innovative Industrial Properties 1 INNOVATIVE INDUSTRIAL PROPERTIES NYSE: IIPR INNOVATIVEINDUSTRIALPROPERTIES.COM COMPANY PRESENTATION POSTED: MAY 12, 2023

Exhibit 99.1 Innovative Industrial Properties 1 INNOVATIVE INDUSTRIAL PROPERTIES NYSE: IIPR INNOVATIVEINDUSTRIALPROPERTIES.COM COMPANY PRESENTATION POSTED: MAY 12, 2023 Innovative Industrial Properties 2 FORWARD LOOKING STATEMENTS This presentation and our associated comments include "forward - looking statements" (within the meaning of the Private Securities Litigation Reform Act of 1995, Section

May 9, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 8, 2023 Innovative Industrial

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 8, 2023 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporation)

May 9, 2023 EX-99.2

Innovative Industrial Properties First Quarter 2023 Supplemental Financial Information

Exhibit 99.2 Innovative Industrial Properties First Quarter 2023 Supplemental Financial Information Innovative Industrial Properties 2 Overview Forward - Looking Statements 3 Company Overview 4 Financial Information Quarterly Performance Summary 5 Balance Sheet 6 Net Income 7 FFO, Normalized FFO, and AFFO Reconciliation 8 Historical Net Income 9 Historical FFO, Normalized FFO, and AFFO Reconciliat

May 9, 2023 EX-99.1

Innovative Industrial Properties Reports First Quarter 2023 Results Q1 2023 Net Income and AFFO Per Diluted Share Increased 8% and 10% Year-Over-Year, Respectively

Exhibit 99.1 Innovative Industrial Properties Reports First Quarter 2023 Results Q1 2023 Net Income and AFFO Per Diluted Share Increased 8% and 10% Year-Over-Year, Respectively SAN DIEGO, CA – May 8, 2023 – Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today

May 9, 2023 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission file number: 0

April 27, 2023 DEF 14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☒ Definitive Proxy Statement ☐ Definitive Additional Materials ☐ Soliciting Material Pursuant to § 240.

April 27, 2023 DEFA14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant x Filed by a Party other than the Registrant ¨ Check the appropriate box: ¨ Preliminary Proxy Statement ¨ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ¨ Definitive Proxy Statement x Definitive Additional Materials ¨ Soliciting Material Pursuant to § 240.

March 30, 2023 EX-10.2

Severance and Change of Control Agreement dated as of March 29, 2023 among Innovative Industrial Properties, Inc., IIP Operating Partnership, LP and David Smith.(15)

Exhibit 10.2 SEVERANCE AND CHANGE OF CONTROL AGREEMENT THIS AGREEMENT, effective as of the 29th day of March, 2023, is by and between Innovative Industrial Properties, Inc., a Maryland corporation (the “Company”), IIP Operating Partnership, LP, a Delaware limited partnership (the “Partnership”), and David Smith (the “Employee”). WHEREAS, to induce the Employee to remain as an executive officer of

March 30, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 29, 2023 Innovative Industr

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 29, 2023 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporatio

March 1, 2023 EX-99.1

Innovative Industrial Properties 1 INNOVATIVE INDUSTRIAL PROPERTIES NYSE: IIPR INNOVATIVEINDUSTRIALPROPERTIES.COM COMPANY PRESENTATION POSTED: MARCH 1, 2023

Exhibit 99.1 Innovative Industrial Properties 1 INNOVATIVE INDUSTRIAL PROPERTIES NYSE: IIPR INNOVATIVEINDUSTRIALPROPERTIES.COM COMPANY PRESENTATION POSTED: MARCH 1, 2023 Innovative Industrial Properties 2 FORWARD LOOKING STATEMENTS This presentation and our associated comments include "forward - looking statements" (within the meaning of the Private Securities Litigation Reform Act of 1995, Sectio

March 1, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 1, 2023 Innovative Industri

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 1, 2023 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporation

February 28, 2023 EX-99.1

Innovative Industrial Properties Reports Fourth Quarter and Full-Year 2022 Results FY 2022 Total Revenues, Net Income Attributable to Common Stockholders and AFFO Increased 35%, 36% and 34% Year-over-Year, Respectively

Exhibit 99.1 Innovative Industrial Properties Reports Fourth Quarter and Full-Year 2022 Results FY 2022 Total Revenues, Net Income Attributable to Common Stockholders and AFFO Increased 35%, 36% and 34% Year-over-Year, Respectively SAN DIEGO, CA – February 27, 2023 – Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) foc

February 28, 2023 EX-99.2

Innovative Industrial Properties Fourth Quarter 2022 Supplemental Financial Information

Exhibit 99.2 Innovative Industrial Properties Fourth Quarter 2022 Supplemental Financial Information Innovative Industrial Properties 2 Overview Forward - Looking Statements 3 Company Overview 4 Financial Information Quarterly Performance Summary 5 Balance Sheet 6 Net Income 7 FFO, Normalized FFO, and AFFO Reconciliation 8 Historical Net Income 9 Historical FFO, Normalized FFO, and AFFO Reconcilia

February 28, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 27, 2023 Innovative Indu

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 27, 2023 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorpora

February 28, 2023 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to Commission File Number: 001-37

February 28, 2023 EX-21.1

List of Subsidiaries of Innovative Industrial Properties, Inc.

Exhibit 21.1 Subsidiaries of the Registrant The list below excludes subsidiaries in the same line of business (ownership and operation of commercial real estate) and includes the immediate parent of each excluded subsidiary. The list also excludes subsidiaries that in the aggregate, as a single subsidiary, would not constitute a significant subsidiary as of December 31, 2022. A total of 69 subsidi

February 9, 2023 SC 13G/A

IIPR / Innovative Industrial Properties Inc / VANGUARD GROUP INC - SCHEDULE 13G/A Passive Investment

SC 13G/A 1 tv01147-innovativeindustrial.htm SCHEDULE 13G/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 5)* Name of issuer: Innovative Industrial Properties Inc. Title of Class of Securities: REIT CUSIP Number: 45781V101 Date of Event Which Requires Filing of this Statement: December 30, 2022 Check the appropriate

February 9, 2023 SC 13G

IIPR / Innovative Industrial Properties Inc / Zimmer Partners, LP Passive Investment

SC 13G 1 formsc13g-innovative.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 13G (Rule 13d-102) (Amendment No. ) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934 Innovative Industrial Properties, Inc. (Name of Issuer) Common Stock,

January 23, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 19, 2023 Innovative Indus

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 19, 2023 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporat

January 23, 2023 EX-FILING FEES

Calculation of Filing Fee Table(1) FORM 424(b)(5) (Form Type) Innovative Industrial Properties, Inc. (Exact name of Registrant as specified in its charter) Table 1: Newly Registered Securities

EX-FILING FEES 2 tm233965d2ex-filingfees.htm EX-FILING FEES Exhibit 107 Calculation of Filing Fee Table(1) FORM 424(b)(5) (Form Type) Innovative Industrial Properties, Inc. (Exact name of Registrant as specified in its charter) Table 1: Newly Registered Securities Security Type Security Class Title Fee Calculation or Carry Forward Rule Amount Registered Proposed Maximum Offering Price Per Unit Max

January 23, 2023 EX-1.1

Form of Equity Distribution Agreement, dated as of January 20, 2023, between Innovative Industrial Properties, Inc., IIP Operating Partnership, LP and each sales agent.(1)

Exhibit 1.1 Execution Version INNOVATIVE INDUSTRIAL PROPERTIES, INC. UP TO $500,000,000 OF COMMON STOCK (par value $0.001 per share) At-the-market SALES AGREEMENT January 20, 2023 [ ] [ ] [ ] Ladies and Gentlemen: Innovative Industrial Properties, Inc., a Maryland corporation (the “Company”), and IIP Operating Partnership, LP, a Delaware limited partnership and the Company’s operating partnership

January 23, 2023 424B5

Common Stock

TABLE OF CONTENTS  As filed pursuant to Rule 424(b)(5)  Registration Nos. 333-262320 PROSPECTUS SUPPLEMENT (To Prospectus dated January 24, 2022) $500,000,000 Common Stock We have entered into separate equity distribution agreements with BTIG, LLC, Jefferies LLC, Piper Sandler & Co., and Roth Capital Partners, LLC, each a sales agent and together the sales agents, relating to the shares of our com

January 19, 2023 EX-99.1

Innovative Industrial Properties Announces Q4 and FY 2022 Operating, Investment and Capital Markets Activity

Exhibit 99.1 Innovative Industrial Properties Announces Q4 and FY 2022 Operating, Investment and Capital Markets Activity SAN DIEGO, CA – January 18, 2023 – Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today its operating, investment and capital markets act

January 19, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 18, 2023 Innovative Indus

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 18, 2023 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporat

December 8, 2022 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 7, 2022 Innovative Indus

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 7, 2022 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporat

December 8, 2022 EX-3.1

Third Amended and Restated Bylaws of Innovative Industrial Properties, Inc.(3)

Exhibit 3.1 Third AMENDED AND RESTATED BYLAWS OF INNOVATIVE INDUSTRIAL PROPERTIES, INC. (Effective as of December 7, 2022) ARTICLE I OFFICES Section 1. PRINCIPAL OFFICE. The principal office of the Corporation in the State of Maryland shall be located at such place as the Board of Directors may designate. Section 2. ADDITIONAL OFFICES. The Corporation may have additional offices, including a princ

November 10, 2022 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 10, 2022 Innovative Indu

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 10, 2022 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorpora

November 10, 2022 EX-99.1

Innovative Industrial Properties 1 INNOVATIVE INDUSTRIAL PROPERTIES NYSE: IIPR INNOVATIVEINDUSTRIALPROPERTIES.COM COMPANY PRESENTATION POSTED: NOVEMBER 10, 2022

Exhibit 99.1 Innovative Industrial Properties 1 INNOVATIVE INDUSTRIAL PROPERTIES NYSE: IIPR INNOVATIVEINDUSTRIALPROPERTIES.COM COMPANY PRESENTATION POSTED: NOVEMBER 10, 2022 Innovative Industrial Properties 2 FORWARD LOOKING STATEMENTS This presentation and our associated comments include "forward-looking statements" (within the meaning of the Private Securities Litigation Reform Act of 1995, Sect

November 9, 2022 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission file numbe

November 3, 2022 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 2, 2022 Innovative Indus

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 2, 2022 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporat

November 3, 2022 EX-99.2

Innovative Industrial Properties Third Quarter 2022 Supplemental Financial Information

Exhibit 99.2 Innovative Industrial Properties Third Quarter 2022 Supplemental Financial Information Overview Forward - Looking Statements 3 Company Overview 4 Financial Information Quarterly Performance Summary 5 Balance Sheet 6 Net Income 7 FFO, Normalized FFO, and AFFO Reconciliation 8 Historical Net Income 9 Historical FFO, Normalized FFO, and AFFO Reconciliation 10 Statements of Cash Flows 11

November 3, 2022 EX-99.1

Innovative Industrial Properties Reports Third Quarter 2022 Results $368.6 Million of New Investments in First Nine Months of 2022 Drives 30%+ Increase Year-Over-Year in Q3 Total Revenues

Exhibit 99.1 Innovative Industrial Properties Reports Third Quarter 2022 Results $368.6 Million of New Investments in First Nine Months of 2022 Drives 30%+ Increase Year-Over-Year in Q3 Total Revenues SAN DIEGO, CA – November 2, 2022 – Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. canna

September 16, 2022 8-K

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 16, 2022 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorpor

August 24, 2022 EX-99.1

Innovative Industrial Properties 1 INNOVATIVE INDUSTRIAL PROPERTIES NYSE: IIPR INNOVATIVEINDUSTRIALPROPERTIES.COM COMPANY PRESENTATION POSTED: AUGUST 24, 2022

Exhibit 99.1 Innovative Industrial Properties 1 INNOVATIVE INDUSTRIAL PROPERTIES NYSE: IIPR INNOVATIVEINDUSTRIALPROPERTIES.COM COMPANY PRESENTATION POSTED: AUGUST 24, 2022 Innovative Industrial Properties 2 FORWARD LOOKING STATEMENTS This presentation and our associated comments include "forward - looking statements" (within the meaning of the Private Securities Litigation Reform Act of 1995, Sect

August 24, 2022 8-K

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 24, 2022 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporati

August 4, 2022 EX-10.7

Limited Liability Company Agreement of IIP-PA 9 LLC.

Exhibit 10.7 ? ? ? ? ? ? ? ? ? LIMITED LIABILITY COMPANY AGREEMENT OF IIP-PA 9 LLC a Delaware limited liability company ? Effective as of April 7, 2022 LIMITED LIABILITY COMPANY AGREEMENT of IIP-PA 9 LLC ? This LIMITED LIABILITY COMPANY AGREEMENT (?Agreement?) of IIP-PA 9 LLC (the ?Company?) is effective as of the 7th day of April, 2022. 1.Formation of Limited Liability Company. IIP Operating Part

August 4, 2022 EX-10.1

Limited Liability Company Agreement of IIP-AZ 3 LLC.

Exhibit 10.1 AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT Of IIP-AZ 3 LLC, a Delaware limited liability company ? THIS AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT is entered into and shall be effective for all purposes as of April 27, 2022 (?Effective Date?) by CDECRE, LLC, a Delaware limited liability company (the ?Member?). RECITALS ? WHEREAS, IIP-AZ 3 LLC (the ?Company?

August 4, 2022 EX-10.2

Limited Partnership Agreement of IIP-CA 6 LP.

Exhibit 10.2 ? LIMITED PARTNERSHIP AGREEMENT OF IIP-CA 6 LP ? This LIMITED PARTNERSHIP AGREEMENT (as amended from time to time, this ?Agreement?) of IIP-CA 6 LP, a Delaware limited partnership (the ?Partnership?), is entered into as of August 26, 2021, by and between IIP-GP LLC, a Delaware limited liability company, as the initial general partner (in such capacity, the ?General Partner?), and IIP

August 4, 2022 EX-10.8

Limited Liability Company Agreement of IIP-TX 2 LLC.

Exhibit 10.8 AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT Of IIP-TX 2 LLC, a Delaware limited liability company ? THIS AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT is entered into and shall be effective for all purposes as of June 14, 2022 (?Effective Date?) by CDECRE, LLC, a Delaware limited liability company (the ?Member?). RECITALS ? WHEREAS, IIP-TX 2 LLC (the ?Company?)

August 4, 2022 EX-3.6

Certificate of Formation of IIP-MD 3 LLC.

Exhibit 3.6 STATE of DELAWARE LIMITED LIABILITY COMPANY CERTIFICATE of FORMATION of ? IIP-MD 3 LLC ? ? ? The undersigned, being an authorized person, for the purpose of forming a limited liability company under the Delaware Limited Liability Company Act, Chapter 18, Title 6, Delaware Code, Section 18-101 et seq (the ?Act?), hereby certifies pursuant to Section 18-201. ? FIRST:The name of the limit

August 4, 2022 EX-3.5

Certificate of Formation of IIP-MA 8 LLC.

Exhibit 3.5 STATE of DELAWARE LIMITED LIABILITY COMPANY CERTIFICATE of FORMATION of ? IIP-MA 8 LLC ? ? ? The undersigned, being an authorized person, for the purpose of forming a limited liability company under the Delaware Limited Liability Company Act, Chapter 18, Title 6, Delaware Code, Section 18-101 et seq (the ?Act?), hereby certifies pursuant to Section 18-201. ? FIRST:The name of the limit

August 4, 2022 EX-3.1

Certificate of Formation of IIP-AZ 3 LLC.

Exhibit 3.1 STATE of DELAWARE LIMITED LIABILITY COMPANY CERTIFICATE of FORMATION of ? IIP-AZ 3 LLC ? ? ? The undersigned, being an authorized person, for the purpose of forming a limited liability company under the Delaware Limited Liability Company Act, Chapter 18, Title 6, Delaware Code, Section 18-101 et seq (the ?Act?), hereby certifies pursuant to Section 18-201. ? FIRST:The name of the limit

August 4, 2022 EX-10.6

Limited Liability Company Agreement of IIP-MD 3 LLC.

Exhibit 10.6 AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT Of IIP-MD 3 LLC, a Delaware limited liability company ? THIS AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT is entered into and shall be effective for all purposes as of April 13, 2022 (?Effective Date?) by CDECRE, LLC, a Delaware limited liability company (the ?Member?). RECITALS ? WHEREAS, IIP-MD 3 LLC (the ?Company?

August 4, 2022 EX-10.4

Limited Liability Company Agreement of IIP-CO 4 LLC.

Exhibit 10.4 ? ? ? ? ? ? ? ? ? LIMITED LIABILITY COMPANY AGREEMENT OF IIP-CO 4 LLC a Delaware limited liability company ? Effective as of September 24, 2021 LIMITED LIABILITY COMPANY AGREEMENT of IIP-CO 4 LLC ? This LIMITED LIABILITY COMPANY AGREEMENT (?Agreement?) of IIP-CO 4 LLC (the ?Company?) is effective as of the 24th day of September, 2021. 1.Formation of Limited Liability Company. IIP Oper

August 4, 2022 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 3, 2022 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporatio

August 4, 2022 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents ? ? UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.

August 4, 2022 EX-3.2

Certificate of Limited Partnership of IIP-CA 6 LP.

Exhibit 3.2 ? ? STATE OF DELAWARE CERTIFICATE OF LIMITED PARTNERSHIP ? ? ? The Undersigned, desiring to form a limited partnership pursuant to the Delaware Revised Uniform Limited Partnership Act, 6 Delaware Code, Chapter 17, do hereby certify as follows: ? ? First: The name of the limited partnership is IIP-CA 6 LP ? . ? ? ? Second: The address of its registered office in the State of Delaware is

August 4, 2022 EX-10.5

Limited Liability Company Agreement of IIP-MA 8 LLC.

Exhibit 10.5 AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT Of IIP-MA 8 LLC, a Delaware limited liability company ? THIS AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT is entered into and shall be effective for all purposes as of May 16, 2022 (?Effective Date?) by CDECRE, LLC, a Delaware limited liability company (the ?Member?). RECITALS ? WHEREAS, IIP-MA 8 LLC (the ?Company?)

August 4, 2022 EX-10.3

Limited Liability Company Agreement of IIP-CO 3 LLC.

Exhibit 10.3 ? ? ? ? ? ? ? ? ? LIMITED LIABILITY COMPANY AGREEMENT OF IIP-CO 3 LLC a Delaware limited liability company ? Effective as of September 24, 2021 LIMITED LIABILITY COMPANY AGREEMENT of IIP-CO 3 LLC ? This LIMITED LIABILITY COMPANY AGREEMENT (?Agreement?) of IIP-CO 3 LLC (the ?Company?) is effective as of the 24th day of September, 2021. 1.Formation of Limited Liability Company. IIP Oper

August 4, 2022 EX-99.2

Innovative Industrial Properties Second Quarter 2022 Supplemental Financial Information

Exhibit 99.2 Innovative Industrial Properties Second Quarter 2022 Supplemental Financial Information Innovative Industrial Properties 2 Overview Forward - Looking Statements 3 Company Overview 4 Financial Information Quarterly Performance Summary 5 Balance Sheet 6 Net Income 7 FFO, Normalized FFO, and AFFO Reconciliation 8 Historical Net Income 9 Historical FFO, Normalized FFO, and AFFO Reconcilia

August 4, 2022 EX-99.1

Innovative Industrial Properties Reports Second Quarter 2022 Results IIP Closes on $239.4 Million of New Investments in Q2

Exhibit 99.1 Innovative Industrial Properties Reports Second Quarter 2022 Results IIP Closes on $239.4 Million of New Investments in Q2 SAN DIEGO, CA ? August 3, 2022 ? Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today results for the second quarter ended

August 4, 2022 EX-3.7

Certificate of Formation of IIP-PA 9 LLC.

Exhibit 3.7 STATE of DELAWARE LIMITED LIABILITY COMPANY CERTIFICATE of FORMATION of ? IIP-PA 9 LLC ? ? ? The undersigned, being an authorized person, for the purpose of forming a limited liability company under the Delaware Limited Liability Company Act, Chapter 18, Title 6, Delaware Code, Section 18-101 et seq (the ?Act?), hereby certifies pursuant to Section 18-201. ? FIRST:The name of the limit

August 4, 2022 EX-3.4

Certificate of Formation of IIP-CO 4 LLC.

Exhibit 3.4 STATE of DELAWARE LIMITED LIABILITY COMPANY CERTIFICATE of FORMATION of ? IIP-CO 4 LLC ? ? ? The undersigned, being an authorized person, for the purpose of forming a limited liability company under the Delaware Limited Liability Company Act, Chapter 18, Title 6, Delaware Code, Section 18-101 et seq (the ?Act?), hereby certifies pursuant to Section 18-201. ? FIRST:The name of the limit

August 4, 2022 EX-3.3

Certificate of Formation of IIP-CO 3 LLC.

Exhibit 3.3 STATE of DELAWARE LIMITED LIABILITY COMPANY CERTIFICATE of FORMATION of ? IIP-CO 3 LLC ? ? ? The undersigned, being an authorized person, for the purpose of forming a limited liability company under the Delaware Limited Liability Company Act, Chapter 18, Title 6, Delaware Code, Section 18-101 et seq (the ?Act?), hereby certifies pursuant to Section 18-201. ? FIRST:The name of the limit

August 4, 2022 EX-3.8

Certificate of Formation of IIP-TX 2 LLC.

Exhibit 3.8 STATE of DELAWARE LIMITED LIABILITY COMPANY CERTIFICATE of FORMATION of ? IIP-TX 2 LLC ? ? ? The undersigned, being an authorized person, for the purpose of forming a limited liability company under the Delaware Limited Liability Company Act, Chapter 18, Title 6, Delaware Code, Section 18-101 et seq (the ?Act?), hereby certifies pursuant to Section 18-201. ? FIRST:The name of the limit

August 4, 2022 EX-22.1

List of Subsidiary Guarantors

Exhibit 22.1 Guarantor Subsidiaries ? ? Subsidiary State of Formation/Organization IIP-AZ 1 LLC ? Delaware IIP-AZ 2 LLC ? Delaware IIP-AZ 3 LLC ? Delaware IIP-CA 1 LP ? Delaware IIP-CA 2 LP ? Delaware IIP-CA 3 LP ? Delaware IIP-CA 4 LP ? Delaware IIP-CA 5 LP ? Delaware IIP-CA 6 LP ? Delaware IIP-CO 1 LLC ? Delaware IIP-CO 2 LLC ? Delaware IIP-CO 3 LLC ? Delaware IIP-CO 4 LLC ? Delaware IIP-FL 1 LL

July 14, 2022 8-K

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 13, 2022 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporation

May 18, 2022 8-K

Financial Statements and Exhibits, Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 18, 2022 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporation)

May 11, 2022 EX-99.1

1 INNOVATIVE INDUSTRIAL PROPERTIES Company Presentation NYSE: IIPR www.innovativeindustrialproperties.com Posted: May 11,2022

Exhibit 99.1 1 INNOVATIVE INDUSTRIAL PROPERTIES Company Presentation NYSE: IIPR www.innovativeindustrialproperties.com Posted: May 11,2022 2 This presentation and our associated comments include "forward - looking statements" (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange

May 11, 2022 8-K

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 11, 2022 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporation)

May 5, 2022 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents ? ? UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.

May 5, 2022 EX-99.1

Innovative Industrial Properties Reports First Quarter 2022 Results Generated Q1 2022 YOY Growth of 50% in Total Revenues, 36% in Net Income and 40% in AFFO

Exhibit 99.1 Innovative Industrial Properties Reports First Quarter 2022 Results Generated Q1 2022 YOY Growth of 50% in Total Revenues, 36% in Net Income and 40% in AFFO SAN DIEGO, CA ? May 4, 2022 ? Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today result

May 5, 2022 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 4, 2022 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporation)

April 7, 2022 DEFA14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant x Filed by a Party other than the Registrant ? Check the appropriate box: ? Preliminary Proxy Statement ? Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ? Definitive Proxy Statement x Definitive Additional Materials ? Soliciting Material Pursuant to ? 240.

April 7, 2022 DEF 14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

DEF 14A 1 tm223548-1def14a.htm DEF 14A TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as

April 5, 2022 EX-1.1

Underwriting Agreement, dated as of April 1, 2022, between Innovative Industrial Properties, Inc., IIP Operating Partnership, LP and BTIG, LLC, as representative of the several Underwriters.

EX-1.1 2 tm2211609d1ex1-1.htm EXHIBIT 1.1 Exhibit 1.1 1,578,948 Shares Innovative Industrial Properties, Inc. Common Stock UNDERWRITING AGREEMENT April 1, 2022 BTIG, LLC As Representative of the several Underwriters named in Schedule I, 600 Montgomery Street, 6th Floor San Francisco, California 94111 Ladies and Gentlemen: Innovative Industrial Properties, Inc., a Maryland corporation (the “Company

April 5, 2022 EX-99.2

Innovative Industrial Properties Prices Public Offering of 1,578,948 Shares of Common Stock

Exhibit 99.2 Innovative Industrial Properties Prices Public Offering of 1,578,948 Shares of Common Stock SAN DIEGO, CA ? April 1, 2022 ? Innovative Industrial Properties, Inc. (the ?Company?) (NYSE: IIPR) announced today the pricing of an underwritten public offering of 1,578,948 shares of its common stock at $190.00 per share for gross proceeds of approximately $300.0 million. The offering is exp

April 5, 2022 EX-99.1

Innovative Industrial Properties Announces Public Offering of 1,000,000 Shares of Common Stock

Exhibit 99.1 Innovative Industrial Properties Announces Public Offering of 1,000,000 Shares of Common Stock SAN DIEGO, CA ? March 31, 2022 ? Innovative Industrial Properties, Inc. (the ?Company?) (NYSE: IIPR) announced today that it has commenced a public offering of 1,000,000 shares of its common stock. The Company expects to grant the underwriters a 30-day option to purchase up to an additional

April 5, 2022 8-K

Regulation FD Disclosure, Entry into a Material Definitive Agreement, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 1, 2022 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporation

April 4, 2022 424B5

1,578,948 Shares Common Stock

TABLE OF CONTENTS ?Filed Pursuant to Rule 424(b)(5) ?Registration No. 333-262320? PROSPECTUS SUPPLEMENT (To Prospectus dated January 24, 2022) 1,578,948 Shares Common Stock We are offering 1,578,948 shares of our common stock, par value $0.001 per share (?common stock?). We will receive all of the net proceeds from the sale of such common stock. Our common stock is listed on the New York Stock Exc

April 4, 2022 EX-FILING FEES

Calculation of Filing Fee Tables 424(b)(5) (Form Type) Innovative Industrial Properties, Inc. (Exact Name of Registrant as Specified in its Charter) Table 1: Newly Registered and Carry Forward Securities

EXHIBIT 107 Calculation of Filing Fee Tables 424(b)(5) (Form Type) Innovative Industrial Properties, Inc.

March 31, 2022 424B5

SUBJECT TO COMPLETION, DATED MARCH 31, 2022

Filed Pursuant to Rule 424(b)(5) Registration No. 333-262320 The information in this preliminary prospectus supplement is not complete and may be changed or supplemented without notice. This preliminary prospectus supplement and the accompanying prospectus are not an offer to sell these securities, and we are not soliciting offers to buy these securities, in any state where the offer or sale of th

February 28, 2022 8-K

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 28, 2022 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorpora

February 28, 2022 EX-99.1

INNOVATIVE INDUSTRIAL PROPERTIES Company Presentation NYSE: IIPR www.innovativeindustrialproperties.com Posted February 28, 2022 1

Exhibit 99.1 INNOVATIVE INDUSTRIAL PROPERTIES Company Presentation NYSE: IIPR www.innovativeindustrialproperties.com Posted February 28, 2022 1 This presentation and our associated comments include "forward - looking statements" (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Excha

February 24, 2022 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K

Table of Contents ? ? UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.

February 24, 2022 EX-99.1

Innovative Industrial Properties Reports Fourth Quarter and Full-Year 2021 Results Portfolio Performance and FY 2021 Investments Totaling $714 Million Drive FY 2021 Growth of 75% in Total Revenues, 75% in Net Income and 78% in AFFO

Exhibit 99.1 Innovative Industrial Properties Reports Fourth Quarter and Full-Year 2021 Results Portfolio Performance and FY 2021 Investments Totaling $714 Million Drive FY 2021 Growth of 75% in Total Revenues, 75% in Net Income and 78% in AFFO SAN DIEGO, CA ? February 23, 2022 ? Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NY

February 24, 2022 EX-21.1

List of Subsidiaries of Innovative Industrial Properties, Inc.

Exhibit 21.1 Subsidiaries of the Registrant ? The list below excludes subsidiaries in the same line of business (ownership and operation of commercial real estate) and includes the immediate parent of each excluded subsidiary. The list also excludes subsidiaries that in the aggregate, as a single subsidiary, would not constitute a significant subsidiary as of December 31, 2021. A total of 64 subsi

February 24, 2022 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 23, 2022 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorpora

February 10, 2022 SC 13G/A

IIPR / Innovative Industrial Properties Inc / VANGUARD GROUP INC - SCHEDULE 13G/A Passive Investment

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 4)* Name of issuer: Innovative Industrial Properties Inc. Title of Class of Securities: REIT CUSIP Number: 45781V101 Date of Event Which Requires Filing of this Statement: December 31, 2021 Check the appropriate box to designate the rule pursuant to which this Schedule i

February 4, 2022 8-K

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 4, 2022 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporat

February 1, 2022 424B5

SUBJECT TO COMPLETION, DATED FEBRUARY 1, 2022

The information in this preliminary prospectus supplement is not complete and may be changed.

January 24, 2022 EX-21.1

List of Subsidiaries of Innovative Industrial Properties, Inc.

Exhibit 21.1 The list below excludes subsidiaries in the same line of business (ownership and operation of commercial real estate) and includes the immediate parent of each excluded subsidiary. The list also excludes subsidiaries that in the aggregate, as a single subsidiary, would not constitute a significant subsidiary as of January 24, 2022. A total of 64 subsidiaries have been excluded. Subsid

January 24, 2022 S-3ASR

As filed with the Securities and Exchange Commission on January 24, 2022

As filed with the Securities and Exchange Commission on January 24, 2022 Registration No.

January 24, 2022 EX-25.1

Form T-1 Statement of Eligibility under the Trust Indenture Act of 1939, as amended, of TMI Trust Company, as trustee with respect to Exhibit 4.2.

EX-25.1 8 tm224238d1ex25-1.htm EXHIBIT 25.1 Exhibit 25.1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM T-1 STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b)(2) ¨ TMI TRUST COMPANY (Exact name of trustee as specified in it

January 24, 2022 EX-22.1

List of Subsidiary Guarantors.

Exhibit 22.1 Subsidiary Guarantors Subsidiary State of Formation/Organization IIP-AZ 1 LLC Delaware IIP-AZ 2 LLC Delaware IIP-CA 1 LP Delaware IIP-CA 2 LP Delaware IIP-CA 3 LP Delaware IIP-CA 4 LP Delaware IIP-CA 5 LP Delaware IIP-CA 6 LP Delaware IIP-CA 7 LP Delaware IIP-CO 1 LLC Delaware IIP-CO 2 LLC Delaware IIP-CO 3 LLC Delaware IIP-CO 4 LLC Delaware IIP-FL 1 LLC Delaware IIP-FL 2 LLC Delaware

January 24, 2022 EX-4.2

Form of Indenture among IIP Operating Partnership, LP, as issuer, Innovative Industrial Properties, Inc. and subsidiaries of IIP Operating Partnership, LP, as guarantors, and TMI Trust Company, as trustee.

Exhibit 4.2 IIP OPERATING PARTNERSHIP, LP INDENTURE Dated as of TMI TRUST COMPANY as Trustee and Notice Agent and SECURITIES TRANSFER CORPORATION, as Registrar TABLE OF CONTENTS Page ARTICLE I. DEFINITIONS AND INCORPORATION BY REFERENCE 1 Section 1.1. Definitions 1 Section 1.2. Other Definitions 5 Section 1.3. Incorporation by Reference of Trust Indenture Act 5 Section 1.4. Rules of Construction 6

January 12, 2022 EX-10.3

Form of 2022 Performance Share Unit Award Agreement.(12)

Exhibit 10.3 INNOVATIVE INDUSTRIAL PROPERTIES, INC. 2016 OMNIBUS INCENTIVE PLAN PERFORMANCE SHARE UNIT AWARD GRANT NOTICE AND PERFORMANCE SHARE UNIT AWARD AGREEMENT Innovative Industrial Properties, Inc., a Maryland corporation (the ?Company?), pursuant to its 2016 Omnibus Incentive Plan (the ?Plan?), hereby grants to the individual listed below (?Participant?) an award of performance share units

January 12, 2022 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 11, 2022 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporat

December 27, 2021 8-K

Unregistered Sales of Equity Securities

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 23, 2021 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorpora

November 4, 2021 EX-99.1

Innovative Industrial Properties Reports Third Quarter 2021 Results Portfolio Performance of 76 Properties Comprising 7.5 Million RSF in 19 States Drives 57% Growth in Q3 Total Revenues Y-O-Y

Exhibit 99.1 Innovative Industrial Properties Reports Third Quarter 2021 Results Portfolio Performance of 76 Properties Comprising 7.5 Million RSF in 19 States Drives 57% Growth in Q3 Total Revenues Y-O-Y SAN DIEGO, CA ? November 3, 2021 ? Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. c

November 4, 2021 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 3, 2021 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporat

November 4, 2021 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents ? ? UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.

September 30, 2021 CORRESP

INNOVATIVE INDUSTRIAL PROPERTIES, INC. 1389 Center Drive, Suite 200 Park City, UT 84098 September 30, 2021

INNOVATIVE INDUSTRIAL PROPERTIES, INC. 1389 Center Drive, Suite 200 Park City, UT 84098 September 30, 2021 VIA EDGAR Mr. William Demarest Ms. Kristina Marrone United States Securities and Exchange Commission Division of Corporation Finance 100 F Street, N.E. Washington, D.C. 20549 Re: Innovative Industrial Properties, Inc. Form 10-K for the Fiscal Year ended December 31, 2020 Filed February 26, 20

September 13, 2021 424B3

IIP OPERATING PARTNERSHIP, LP OFFER TO EXCHANGE $300,000,000 5.50% Senior Notes due 2026 and Guarantees that have been registered under the Securities Act of 1933, as amended (the “Securities Act”) for $300,000,000 5.50% Senior Notes due 2026 and Gua

TABLE OF CONTENTS ?Filed pursuant to Rule 424(b)(3)? ?Registration No. 333-258043? PROSPECTUS IIP OPERATING PARTNERSHIP, LP OFFER TO EXCHANGE $300,000,000 5.50% Senior Notes due 2026 and Guarantees that have been registered under the Securities Act of 1933, as amended (the ?Securities Act?) for $300,000,000 5.50% Senior Notes due 2026 and Guarantees We are offering, on the terms and conditions set

September 10, 2021 8-K

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 9, 2021 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorpora

September 8, 2021 CORRESP

INNOVATIVE INDUSTRIAL PROPERTIES, INC. 1389 Center Drive, Suite 200 Park City, UT 84098 September 8, 2021

INNOVATIVE INDUSTRIAL PROPERTIES, INC. 1389 Center Drive, Suite 200 Park City, UT 84098 September 8, 2021 VIA EDGAR United States Securities and Exchange Commission Division of Corporation Finance 100 F Street, NE Washington, D.C. 20549 Attention: Gregory Herbers Re: IIP Operating Partnership, LP Registration Statement on Form S-4 (Registration No. 333-258043) Ladies and Gentlemen: Pursuant to Rul

September 7, 2021 EX-3.62

Certificate of Formation of IIP-MD 2 LLC.

Exhibit 3.62 STATE of DELAWARE LIMITED LIABILITY COMPANY CERTIFICATE of FORMATION of IIP-MD 2 LLC The undersigned, being an authorized person, for the purpose of forming a limited liability company under the Delaware Limited Liability Company Act, Chapter 18, Title 6, Delaware Code, Section 18-101 et seq (the ?Act?), hereby certifies pursuant to Section 18-201. FIRST: The name of the limited liabi

September 7, 2021 EX-10.78

Limited Liability Company Agreement of IIP-MD 2 LLC.

Exhibit 10.78 LIMITED LIABILITY COMPANY AGREEMENT OF IIP-MD 2 LLC a Delaware limited liability company Effective as of July 19, 2021 LIMITED LIABILITY COMPANY AGREEMENT of IIP-MD 2 LLC This LIMITED LIABILITY COMPANY AGREEMENT (?Agreement?) of IIP-MD 2 LLC (the ?Company?) is effective as of the 19th day of July, 2021. 1. Formation of Limited Liability Company. IIP Operating Partnership, LP, a Delaw

September 7, 2021 EX-22.1

List of Guarantor Subsidiaries and Issuer of Guaranteed Securities.

Exhibit 22.1 IIP Operating Partnership, LP, a Delaware limited partnership is the issuer of the the following guaranteed securities: 5.50% Senior Notes due 2026. Guarantor Subsidiaries of IIP Operating Partnership, LP?s 5.50% Senior Notes due 2026 Subsidiary State of Formation/Organization IIP-AZ 1 LLC Delaware IIP-AZ 2 LLC Delaware IIP-CA 1 LP Delaware IIP-CA 2 LP Delaware IIP-CA 3 LP Delaware II

September 7, 2021 EX-10.77

Limited Liability Company Agreement of IIP-MO 1 LLC.

Exhibit 10.77 LIMITED LIABILITY COMPANY AGREEMENT OF IIP-MO 1 LLC a Delaware limited liability company Effective as of June 22, 2021 LIMITED LIABILITY COMPANY AGREEMENT OF IIP-MO 1 LLC This LIMITED LIABILITY COMPANY AGREEMENT (?Agreement?) of IIP-MO 1 LLC (the ?Company?) is effective as of the 22nd day of June, 2021. 1. Formation of Limited Liability Company. IIP Operating Partnership, LP, a Delaw

September 7, 2021 EX-3.61

Certificate of Formation of IIP-MO 1 LLC.

Exhibit 3.61 STATE of DELAWARE LIMITED LIABILITY COMPANY CERTIFICATE of FORMATION of IIP-MO 1 LLC The undersigned, being an authorized person, for the purpose of forming a limited liability company under the Delaware Limited Liability Company Act, Chapter 18, Title 6, Delaware Code, Section 18-101 et seq (the ?Act?), hereby certifies pursuant to Section 18-201. FIRST: The name of the limited liabi

September 7, 2021 S-4/A

As filed with the Securities and Exchange Commission on September 7, 2021

? As filed with the Securities and Exchange Commission on September 7, 2021 Registration No.

August 18, 2021 EX-99.1

INNOVATIVE INDUSTRIAL PROPERTIES Investor Presentation NYSE: IIPR www.innovativeindustrialproperties.com Posted August 18, 2021 1

Exhibit 99.1 INNOVATIVE INDUSTRIAL PROPERTIES Investor Presentation NYSE: IIPR www.innovativeindustrialproperties.com Posted August 18, 2021 1 Forward - Looking Statements 2 This presentation and our associated comments include "forward - looking statements" (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Secti

August 18, 2021 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 18, 2021 Innovative Indust

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 18, 2021 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporati

August 5, 2021 EX-99.1

Innovative Industrial Properties Reports Second Quarter 2021 Results Investments and Portfolio Performance Drive Q2 Y-O-Y Growth of 101% in Total Revenues, 124% in Net Income and 104% in AFFO

Exhibit 99.1 Innovative Industrial Properties Reports Second Quarter 2021 Results Investments and Portfolio Performance Drive Q2 Y-O-Y Growth of 101% in Total Revenues, 124% in Net Income and 104% in AFFO SAN DIEGO, CA ? August 4, 2021 ? Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. can

August 5, 2021 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents ? ? UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.

August 5, 2021 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 4, 2021 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter) Maryland 001-37949 81-2963381 (State or Other Jurisdiction of Incorporatio

July 20, 2021 EX-10.16

Limited Liability Company Agreement of IIP-IL 2 LLC.

Exhibit 10.16 LIMITED LIABILITY COMPANY AGREEMENT OF IIP-IL 2 LLC a Delaware limited liability company Effective as of September 25, 2019 LIMITED LIABILITY COMPANY AGREEMENT of IIP-IL 2 LLC This LIMITED LIABILITY COMPANY AGREEMENT (?Agreement?) of IIP-IL 2 LLC (the ?Company?) is effective as of the 25th day of September, 2019. 1. Formation of Limited Liability Company. IIP Operating Partnership, L

July 20, 2021 EX-10.18

Limited Liability Company Agreement of IIP-IL 4 LLC.

Exhibit 10.18 LIMITED LIABILITY COMPANY AGREEMENT OF IIP-IL 4 LLC a Delaware limited liability company Effective as of October 7, 2019 LIMITED LIABILITY COMPANY AGREEMENT of IIP-IL 4 LLC This LIMITED LIABILITY COMPANY AGREEMENT (?Agreement?) of IIP-IL 4 LLC (the ?Company?) is effective as of the 7th day of October, 2019. 1. Formation of Limited Liability Company. IIP Operating Partnership, LP, a D

July 20, 2021 EX-10.2

Limited Liability Company Agreement of IIP-AZ 1 LLC.

Exhibit 10.2 LIMITED LIABILITY COMPANY AGREEMENT OF IIP-AZ 1 LLC a Delaware limited liability company Effective as of November 22, 2017 LIMITED LIABILITY COMPANY AGREEMENT of IIP-AZ 1 LLC This LIMITED LIABILITY COMPANY AGREEMENT (?Agreement?) of IIP-AZ 1 LLC (the ?Company?) is effective as of the 22nd day of November, 2017. 1. Formation of Limited Liability Company. IIP Operating Partnership, LP,

July 20, 2021 EX-3.55

Certificate of Formation of IIP-PA 6 LLC.

Exhibit 3.55 STATE of DELAWARE LIMITED LIABILITY COMPANY CERTIFICATE of FORMATION of IIP-PA 6 LLC The undersigned, being an authorized person, for the purpose of forming a limited liability company under the Delaware Limited Liability Company Act, Chapter 18, Title 6, Delaware Code, Section 18-101 et seq (the ?Act?), hereby certifies pursuant to Section 18-201. FIRST: The name of the limited liabi

July 20, 2021 EX-3.59

Certificate of Formation of IIP-VA 1 LLC.

Exhibit 3.59 STATE of DELAWARE LIMITED LIABILITY COMPANY CERTIFICATE of FORMATION of IIP-VA 1 LLC The undersigned, being an authorized person, for the purpose of forming a limited liability company under the Delaware Limited Liability Company Act, Chapter 18, Title 6, Delaware Code, Section 18-101 et seq (the ?Act?), hereby certifies pursuant to Section 18-201. FIRST: The name of the limited liabi

July 20, 2021 EX-99.5

Form of Letter to Clients.

Exhibit 99.5 IIP OPERATING PARTNERSHIP, LP Offer to exchange its 5.50% Senior Notes due 2026, which have been registered under the Securities Act of 1933, for any and all of its outstanding 5.50% Senior Notes due 2026 THE EXCHANGE OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON , 2021, UNLESS EXTENDED. , 2021 To Our Clients: Enclosed for your consideration is a prospec

July 20, 2021 EX-3.30

Certificate of Formation of IIP-MD 1 LLC.

Exhibit 3.30 CERTIFICATE OF FORMATION OF IIP-MD 1 LLC 1. The name of the limited liability company is IIP-MD 1 LLC. 2. The address of its registered office in the State of Delaware is: Corporation Trust Center, 1209 Orange Street, in the City of Wilmington, Delaware 19801. The name of its registered agent at such address is The Corporation Trust Company. 3. This Certificate of Formation shall be e

July 20, 2021 EX-10.24

Limited Liability Company Agreement of IIP-MA 4 LLC.

Exhibit 10.24 LIMITED LIABILITY COMPANY AGREEMENT OF IIP-MA 4 LLC a Delaware limited liability company Effective as of December 11, 2019 LIMITED LIABILITY COMPANY AGREEMENT of IIP-MA 4 LLC This LIMITED LIABILITY COMPANY AGREEMENT (?Agreement?) of IIP-MA 4 LLC (the ?Company?) is effective as of the 11th day of December, 2019. 1. Formation of Limited Liability Company. IIP Operating Partnership, LP,

July 20, 2021 EX-10.12

Limited Liability Company Agreement of IIP-FL 2 LLC.

Exhibit 10.12 LIMITED LIABILITY COMPANY AGREEMENT OF IIP-FL 2 LLC a Delaware limited liability company Effective as of February 19, 2020 LIMITED LIABILITY COMPANY AGREEMENT of IIP-FL 2 LLC This LIMITED LIABILITY COMPANY AGREEMENT (?Agreement?) of IIP-FL 2 LLC (the ?Company?) is effective as of the 19th day of February, 2020. 1. Formation of Limited Liability Company. IIP Operating Partnership, LP,

July 20, 2021 EX-10.41

Limited Liability Company Agreement of IIP-NV 1 LLC.

Exhibit 10.41 LIMITED LIABILITY COMPANY AGREEMENT OF IIP-NV 1 LLC a Delaware limited liability company Effective as of June 7, 2019 LIMITED LIABILITY COMPANY AGREEMENT of IIP-NV 1 LLC This LIMITED LIABILITY COMPANY AGREEMENT (?Agreement?) of IIP-NV 1 LLC (the ?Company?) is effective as of the 7th day of June, 2019. 1. Formation of Limited Liability Company. IIP Operating Partnership, LP, a Delawar

July 20, 2021 EX-10.45

Limited Liability Company Agreement of IIP-OH 2 LLC.

Exhibit 10.45 LIMITED LIABILITY COMPANY AGREEMENT OF IIP-OH 2 LLC a Delaware limited liability company Effective as of February 25, 2019 LIMITED LIABILITY COMPANY AGREEMENT of IIP-OH 2 LLC This LIMITED LIABILITY COMPANY AGREEMENT (?Agreement?) of IIP-OH 2 LLC (the ?Company?) is effective as of the 25th day of February, 2019. 1. Formation of Limited Liability Company. IIP Operating Partnership, LP,

July 20, 2021 EX-10.50

Limited Liability Company Agreement of IIP-PA 3 LLC.

Exhibit 10.50 LIMITED LIABILITY COMPANY AGREEMENT OF IIP-PA 3 LLC a Delaware limited liability company Effective as of February 26, 2019 LIMITED LIABILITY COMPANY AGREEMENT of IIP-PA 3 LLC This LIMITED LIABILITY COMPANY AGREEMENT (?Agreement?) of IIP-PA 3 LLC (the ?Company?) is effective as of the 26th day of February, 2019. 1. Formation of Limited Liability Company. IIP Operating Partnership, LP,

July 20, 2021 EX-10.57

Limited Liability Company Agreement of IIP-VA 1 LLC.

Exhibit 10.57 LIMITED LIABILITY COMPANY AGREEMENT OF IIP-VA 1 LLC a Delaware limited liability company Effective as of November 26, 2019 LIMITED LIABILITY COMPANY AGREEMENT of IIP-VA 1 LLC This LIMITED LIABILITY COMPANY AGREEMENT (?Agreement?) of IIP-VA 1 LLC (the ?Company?) is effective as of the 26th day of November, 2019. 1. Formation of Limited Liability Company. IIP Operating Partnership, LP,

July 20, 2021 EX-3.13

Certificate of Formation of IIP-FL 1 LLC.

Exhibit 3.13 STATE of DELAWARE LIMITED LIABILITY COMPANY CERTIFICATE of FORMATION of IIP-FL 1 LLC The undersigned, being an authorized person, for the purpose of forming a limited liability company under the Delaware Limited Liability Company Act, Chapter 18, Title 6, Delaware Code, Section 18-101 et seq (the ?Act?), hereby certifies pursuant to Section 18-201. FIRST: The name of the limited liabi

July 20, 2021 EX-3.19

Certificate of Formation of IIP-IL 3 LLC.

Exhibit 3.19 STATE of DELAWARE LIMITED LIABILITY COMPANY CERTIFICATE of FORMATION of IIP-IL 3 LLC The undersigned, being an authorized person, for the purpose of forming a limited liability company under the Delaware Limited Liability Company Act, Chapter 18, Title 6, Delaware Code, Section 18-101 et seq (the ?Act?), hereby certifies pursuant to Section 18-201. FIRST: The name of the limited liabi

July 20, 2021 EX-3.28

Certificate of Formation of IIP-MA 6 LLC.

Exhibit 3.28 STATE of DELAWARE LIMITED LIABILITY COMPANY CERTIFICATE of FORMATION of IIP-MA 6 LLC The undersigned, being an authorized person, for the purpose of forming a limited liability company under the Delaware Limited Liability Company Act, Chapter 18, Title 6, Delaware Code, Section 18-101 et seq (the ?Act?), hereby certifies pursuant to Section 18-201. FIRST: The name of the limited liabi

July 20, 2021 EX-3.37

Certificate of Formation of IIP-MI 7 LLC.

Exhibit 3.37 STATE of DELAWARE LIMITED LIABILITY COMPANY CERTIFICATE of FORMATION of IIP-MI 7 LLC The undersigned, being an authorized person, for the purpose of forming a limited liability company under the Delaware Limited Liability Company Act, Chapter 18, Title 6, Delaware Code, Section 18-101 et seq (the ?Act?), hereby certifies pursuant to Section 18-201. FIRST: The name of the limited liabi

July 20, 2021 EX-3.38

Certificate of Formation of IIP-MI 8 LLC.

Exhibit 3.38 STATE of DELAWARE LIMITED LIABILITY COMPANY CERTIFICATE of FORMATION of IIP-MI 8 LLC The undersigned, being an authorized person, for the purpose of forming a limited liability company under the Delaware Limited Liability Company Act, Chapter 18, Title 6, Delaware Code, Section 18-101 et seq (the ?Act?), hereby certifies pursuant to Section 18-201. FIRST: The name of the limited liabi

July 20, 2021 EX-3.46

Certificate of Formation of IIP-OH 1 LLC.

Exhibit 3.46 STATE of DELAWARE LIMITED LIABILITY COMPANY CERTIFICATE of FORMATION of IIP-OH 1 LLC The undersigned, being an authorized person, for the purpose of forming a limited liability company under the Delaware Limited Liability Company Act, Chapter 18, Title 6, Delaware Code, Section 18-101 et seq (the ?Act?), hereby certifies pursuant to Section 18-201. FIRST: The name of the limited liabi

July 20, 2021 EX-3.54

Certificate of Formation of IIP-PA 5 LLC.

Exhibit 3.54 STATE of DELAWARE LIMITED LIABILITY COMPANY CERTIFICATE of FORMATION of IIP-PA 5 LLC The undersigned, being an authorized person, for the purpose of forming a limited liability company under the Delaware Limited Liability Company Act, Chapter 18, Title 6, Delaware Code, Section 18-101 et seq (the ?Act?), hereby certifies pursuant to Section 18-201. FIRST: The name of the limited liabi

July 20, 2021 EX-3.35

Certificate of Formation of IIP-MI 5 LLC.

Exhibit 3.35 STATE of DELAWARE LIMITED LIABILITY COMPANY CERTIFICATE of FORMATION of IIP-MI 5 LLC The undersigned, being an authorized person, for the purpose of forming a limited liability company under the Delaware Limited Liability Company Act, Chapter 18, Title 6, Delaware Code, Section 18-101 et seq (the ?Act?), hereby certifies pursuant to Section 18-201. FIRST: The name of the limited liabi

July 20, 2021 EX-3.9

Certificate of Limited Partnership of IIP-CA 4 LP.

eXHIBIT 3.9 STATE OF DELAWARE CERTIFICATE OF LIMITED PARTNERSHIP ? The Undersigned, desiring to form a limited partnership pursuant to the Delaware Revised Uniform Limited Partnership Act, 6 Delaware Code, Chapter 17, do hereby certify as follows: ? First: The name of the limited partnership is IIP-CA 4 LP. ? Second: The address of its registered office in the State of Delaware is 1209 Orange Stre

July 20, 2021 EX-99.1

Form of Letter of Transmittal.

Exhibit 99.1 LETTER OF TRANSMITTAL To Tender For Exchange 5.50% Senior Notes due 2026 of IIP OPERATING PARTNERSHIP, LP Pursuant To The Prospectus Dated , 2021 THE EXCHANGE OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON , 2021, UNLESS EXTENDED (THE ?EXPIRATION DATE?). The Exchange Agent for the Exchange Offer is: GLAS TRUST COMPANY LLC By Hand, Overnight Delivery or Ma

July 20, 2021 EX-99.4

Form of Instructions from Beneficial Owners to Registered Holders and DTC Participants.

Exhibit 99.4 Instruction to Registered Holders and DTC Participants From Beneficial Owner of 5.50% Senior Notes due 2026 Of IIP OPERATING PARTNERSHIP, LP The undersigned hereby acknowledges receipt of the prospectus, dated , 2021, of IIP Operating Partnership, LP, a Delaware limited partnership (the ?Company?), and the letter of transmittal, that together constitute the Company?s offer to exchange

July 20, 2021 EX-3.41

Certificate of Formation of IIP-NJ 1 LLC.

Exhibit 3.41 STATE of DELAWARE LIMITED LIABILITY COMPANY CERTIFICATE of FORMATION of IIP-NJ 1 LLC The undersigned, being an authorized person, for the purpose of forming a limited liability company under the Delaware Limited Liability Company Act, Chapter 18, Title 6, Delaware Code, Section 18-101 et seq (the ?Act?), hereby certifies pursuant to Section 18-201. FIRST: The name of the limited liabi

July 20, 2021 EX-3.4

Certificate of Formation of IIP-AZ 1 LLC.

Exhibit 3.4 STATE of DELAWARE LIMITED LIABILITY COMPANY CERTIFICATE of FORMATION of IIP-AZ 1 LLC The undersigned, being an authorized person, for the purpose of forming a limited liability company under the Delaware Limited Liability Company Act, Chapter 18, Title 6, Delaware Code, Section 18-101 et seq (the ?Act?), hereby certifies pursuant to Section 18-201. FIRST: The name of the limited liabil

July 20, 2021 EX-3.34

Certificate of Formation of IIP-MI 4 LLC.

Exhibit 3.34 STATE of DELAWARE LIMITED LIABILITY COMPANY CERTIFICATE of FORMATION of IIP-MI 4 LLC The undersigned, being an authorized person, for the purpose of forming a limited liability company under the Delaware Limited Liability Company Act, Chapter 18, Title 6, Delaware Code, Section 18-101 et seq (the ?Act?), hereby certifies pursuant to Section 18-201. FIRST: The name of the limited liabi

July 20, 2021 EX-3.25

Certificate of Formation of IIP-MA 3 LLC.

Exhibit 3.25 STATE of DELAWARE LIMITED LIABILITY COMPANY CERTIFICATE of FORMATION of IIP-MA 3 LLC The undersigned, being an authorized person, for the purpose of forming a limited liability company under the Delaware Limited Liability Company Act, Chapter 18, Title 6, Delaware Code, Section 18-101 et seq (the ?Act?), hereby certifies pursuant to Section 18-201. FIRST: The name of the limited liabi

July 20, 2021 EX-3.16

Certificate of Formation of IIP-GP LLC.

Exhibit 3.16 STATE of DELAWARE LIMITED LIABILITY COMPANY CERTIFICATE of FORMATION of IIP-GP LLC The undersigned, being an authorized person, for the purpose of forming a limited liability company under the Delaware Limited Liability Company Act, Chapter 18, Title 6, Delaware Code, Section 18-101 et seq (the ?Act?), hereby certifies pursuant to Section 18-201. FIRST: The name of the limited liabili

July 20, 2021 EX-10.56

Limited Liability Company Agreement of IIP-TX 1 LLC.

Exhibit 10.56 LIMITED LIABILITY COMPANY AGREEMENT OF IIP-TX 1 LLC a Delaware limited liability company Effective as of February 11, 2021 LIMITED LIABILITY COMPANY AGREEMENT of IIP-TX 1 LLC This LIMITED LIABILITY COMPANY AGREEMENT (?Agreement?) of IIP-TX 1 LLC (the ?Company?) is effective as of the 11th day of February, 2021. 1. Formation of Limited Liability Company. IIP Operating Partnership, LP,

July 20, 2021 EX-99.2

Form of Notice of Guaranteed Delivery.

Exhibit 99.2 NOTICE OF GUARANTEED DELIVERY For Tender Of Any And All Outstanding 5.50% Senior Notes due 2026 of IIP Operating Partnership, LP Pursuant to the Prospectus Dated , 2021 THE EXCHANGE OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON , 2021, UNLESS EXTENDED (THE ?EXPIRATION DATE?). The Exchange Agent for the Exchange Offer is: GLAS TRUST COMPANY LLC By Hand, O

July 20, 2021 EX-3.7

Certificate of Limited Partnership of IIP-CA 2 LP.

Exhibit 3.7 STATE OF DELAWARE CERTIFICATE OF LIMITED PARTNERSHIP ? The Undersigned, desiring to form a limited partnership pursuant to the Delaware Revised Uniform Limited Partnership Act, 6 Delaware Code, Chapter 17, do hereby certify as follows: ? First: The name of the limited partnership is IIP-CA 2 LP. ? Second: The address of its registered office in the State of Delaware is 1209 Orange Stre

July 20, 2021 EX-3.58

Certificate of Formation of IIP-TX 1 LLC.

Exhibit 3.58 STATE of DELAWARE LIMITED LIABILITY COMPANY CERTIFICATE of FORMATION of IIP-TX 1 LLC The undersigned, being an authorized person, for the purpose of forming a limited liability company under the Delaware Limited Liability Company Act, Chapter 18, Title 6, Delaware Code, Section 18-101 et seq (the ?Act?), hereby certifies pursuant to Section 18-201. FIRST: The name of the limited liabi

July 20, 2021 EX-3.48

Certificate of Formation of IIP-OH 3 LLC.

Exhibit 3.48 STATE of DELAWARE LIMITED LIABILITY COMPANY CERTIFICATE of FORMATION of IIP-OH 3 LLC The undersigned, being an authorized person, for the purpose of forming a limited liability company under the Delaware Limited Liability Company Act, Chapter 18, Title 6, Delaware Code, Section 18-101 et seq (the ?Act?), hereby certifies pursuant to Section 18-201. FIRST: The name of the limited liabi

July 20, 2021 EX-3.32

Certificate of Formation of IIP-MI 2 LLC.

Exhibit 3.32 STATE of DELAWARE LIMITED LIABILITY COMPANY CERTIFICATE of FORMATION of IIP-MI 2 LLC The undersigned, being an authorized person, for the purpose of forming a limited liability company under the Delaware Limited Liability Company Act, Chapter 18, Title 6, Delaware Code, Section 18-101 et seq (the ?Act?), hereby certifies pursuant to Section 18-201. FIRST: The name of the limited liabi

July 20, 2021 EX-3.18

Certificate of Formation of IIP-IL 2 LLC.

Exhibit 3.18 STATE of DELAWARE LIMITED LIABILITY COMPANY CERTIFICATE of FORMATION of IIP-IL 2 LLC The undersigned, being an authorized person, for the purpose of forming a limited liability company under the Delaware Limited Liability Company Act, Chapter 18, Title 6, Delaware Code, Section 18-101 et seq (the ?Act?), hereby certifies pursuant to Section 18-201. FIRST: The name of the limited liabi

July 20, 2021 EX-3.10

Certificate of Limited Partnership of IIP-CA 5 LP.

eXHIBIT 3.10 STATE OF DELAWARE CERTIFICATE OF LIMITED PARTNERSHIP ? The Undersigned, desiring to form a limited partnership pursuant to the Delaware Revised Uniform Limited Partnership Act, 6 Delaware Code, Chapter 17, do hereby certify as follows: ? First: The name of the limited partnership is IIP-CA 5 LP. ? Second: The address of its registered office in the State of Delaware is 1209 Orange Str

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