Innovative Industrial Properties, Inc. Announces Resignation of Greg Fahey, Chief Accounting Officer and Treasurer
December 30, 2016 at 09:32 pm
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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. 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.