Innovative Industrial Properties, Inc. Announces Resignation of Greg Fahey, Chief Accounting Officer and Treasurer
December 30, 2016 at 04:32 pm EST
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On December 23, 2016, Greg Fahey, the Company's Chief Accounting Officer and Treasurer, notified Innovative Industrial Properties, Inc. of his decision to retire from the Company. Mr. Fahey will remain with the Company until his successor is identified and appointed, and to transition responsibilities to that successor.
Innovative Industrial Properties, Inc. is an internally managed real estate investment trust (REIT). The Company is focused on the acquisition, ownership and management of specialized industrial properties leased to state-licensed operators for their regulated cannabis facilities. The Company is engaged in the business of providing real estate for the regulated cannabis industry. The Company acquires its properties through sale-leaseback transactions and third-party purchases. The Company owns approximately 108 properties comprising 9.0 million square feet (including 722,000 rentable square feet under development/redevelopment) in 19 states, including Arizona, California, Colorado, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Jersey, New York, North Dakota, Ohio, Pennsylvania, Texas, Virginia, and Washington. Its subsidiaries include IIP Operating Partnership, LP, Innovative Industrial Properties, LP, IIPR, Inc. and IIP-GP 2 LLC.