Innovative Industrial Properties, Inc. Announces Executive Changes
January 06, 2021 at 09:31 pm
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On January 6, 2021, the Board of Directors of Innovative Industrial Properties, Inc. promoted Andy Bui to serve as Vice President, Chief Accounting Officer and principal accounting officer of the Company. Catherine Hastings, the Company’s current principal accounting officer, ceased to serve in the capacity of principal accounting officer upon the effectiveness of Mr. Bui’s appointment as principal accounting officer, but shall continue to serve the Company in the capacity of Chief Financial Officer and Treasurer. Mr. Bui served as Controller at the Company since May 2017. Until April 2017, Mr. Bui served as senior director of financial reporting at BioMed Realty Trust, Inc. Prior to BioMed Realty, he served as senior manager of financial reporting at Leap Wireless International, Inc. from 2012 to 2013 and as manager at PricewaterhouseCoopers LLP from 2010 to 2012.
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. It acquires its properties through sale-leaseback transactions and third-party purchases. The Company owns approximately d 108 properties comprising an aggregate of approximately 8.9 million rentable square feet (including approximately 1.4 million rentable square feet under development/redevelopment) in 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-AZ 1 LLC, IIP-AZ 2 LLC, IIP-AZ 3 LLC, IIP-CA 2 LP, and IIP-CA 1 LP.