Innovative Industrial Properties

anyone looked at Innovative Industrial Properties?…

Not a natural sectors for REITsters, I don’t think, however the founders are also co-founders of Alexandria Real Estate and BioMed Realty trusts so there is a track record there.

109 properties in 19 states, their 4th largest tenant Kings Garden (8% of revenue) just defaulted, so the price got hit pretty hard. They report earnings on Thursday.