# Innovative Industrial Properties Prices $50 Million Preferred Offering

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/28792
Published: 2026-10-09T07:48:13.000Z
Updated: 2026-10-09T07:48:13.000Z
Section: Business

> The company priced 2 million Series B cumulative redeemable preferred shares at $25 each, targeting $50 million in gross proceeds.

Innovative Industrial Properties priced 2 million shares of Series B cumulative redeemable preferred stock at $25 each, targeting $50 million in gross proceeds.

The preferred shares carry a 9.25% rate. The offering adds a financing instrument to the real estate company's capital structure.