Innovative Industrial Properties Launches $50 Million Preferred Offering
Innovative Industrial Properties agreed to issue 2,000,000 shares of 9.25% Series B cumulative redeemable preferred stock at $25.00 per share, for gross proceeds of $50 million. Stifel represents the underwriters, who have a 30-day option.
00 per share, generating gross proceeds of 50 million. Stifel will represent the underwriters, which also hold an option lasting 30 days…