Innovative Industrial Properties to Float $200 Million in Debt

·2-min read
Innovative Industrial Properties to Float $200 Million in Debt

Innovative said it will utilize the proceeds "to invest in specialized industrial real estate assets that support the regulated cannabis industry that are consistent with its investment strategy, and for general corporate purposes." REITs often use debt instruments to fund their property investments. It is a particularly compelling business partner for marijuana companies, as its preference for sale-leaseback deals -- in which it buys properties, then immediately leases them back to the sellers -- offers them a quick and ready source of capital in an ever cash-starved industry.

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