IIP Operating Partnership LP, founded in 2013 and based in New York, is a leading real estate investment trust focused on the acquisition, development, and management of properties that support the medical-use cannabis industry. The company aims to provide innovative, mission-critical facilities designed to meet the growing demands of cannabis cultivation and processing across the United States.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| IIPR 5.50% - USDIIP Operating Partnership LP | United States | — | 5.500 | 4.54 |
| IIPR 5.50% 2026-05-25 USDIIP Operating Partnership LP | United States | 2026-05-25 | 5.500 | 7.22 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
IIP has established itself as a prominent issuer of corporate bonds, beginning its bond issuance strategy in 2018 with a notable offering of $100 million in senior unsecured notes. These notes were particularly significant as they allowed IIP to finance the expansion of their property portfolio. As of October 2023, IIP’s bonds yield approximately 6.5%, which is competitive within the REIT sector, indicating strong investor confidence. The company has also made headlines for its strategic bond refinancing efforts in early 2023, aiming to lower its cost of capital while maintaining flexibility for future acquisitions.