Innovative Industrial Properties announces exercise of option to purchase additional shares of common stock

7/2/20–Innovative Industrial Properties, Inc. announced today the full exercise of the underwriters’ option to purchase an additional 402,504 shares of common stock in connection with the Company’s previously announced follow-on offering that priced on June 29, 2020. In total, the Company sold 3,085,867 shares of common stock in the offering, raising gross offering proceeds of approximately $258.7 million. Read