John SchroyerNovember 2, 2022
Acquisitions, expansion drove the REIT's revenue growth.
Tag: REIT
John SchroyerNovember 2, 2022
StaffAugust 12, 2022There is a new cannabis Real Estate Investment Trust or REIT in the market. MJ REIT was recently formed as a partnership between Rainbow Realty Group and Arcview Capital. Rainbow Realty Group will serve as sub-manager to MJ REIT, responsible for selecting and underwriting investments, while Arcview Capital will serve as the managing broker-dealer, tasked with […]
Adam JacksonAugust 10, 2022
Cannabis REIT NewLake Capital Partners, Inc. (OCTQX: NLCP) posted positive results on Wednesday as it continues to inject capital into the cannabis real estate landscape. The real estate trust released results for the second quarter ending June 30, 2022. NewLake met expectations as it delivered total revenues of approximately $10.5 million during the period, a 59% […]
StaffJuly 8, 2022
Cannabis REIT NewLake Capital Partners, Inc. (OTCQX: NLCP) reported $50 million of investments across three properties, marking the full commitment of capital raised during the company’s initial public offering (IPO). NewLake acquired two properties from a leading publicly-traded U.S. multi-state cannabis operator (MSO) and amended its existing lease with another leading publicly-traded U.S. MSO to fund […]
StaffMay 5, 2022
After the market closed on Wednesday, Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) announced results for the first quarter ending March 31, 2022. The cannabis REIT delivered total revenues of approximately $64.5 million in the quarter, representing a 50% increase from the prior year’s quarter. However, it missed the Yahoo Finance Average analyst estimate for […]
Debra BorchardtFebruary 7, 2022Last week Innovative Industrial Properties, Inc. (NYSE: IIPR) announced that its operating partnership, IIP Operating Partnership, LP had launched a $300 million offering, but on Friday after the market closed, the company quietly pulled it. The company’s filing stated that it “determined not to proceed with its proposed public offering of $300 million of senior […]
StaffFebruary 2, 2022
Private company Pelorus Equity Group has updated the business world with its operational results. The company is known for providing bridge commercial real estate loans for cannabis businesses and owners with cannabis-related real estate. The company’s privately-held mortgage real estate investment trust, the Pelorus Fund, ended the year with $243 million assets under management and $193 […]
StaffNovember 30, 2021Chicago Atlantic Real Estate Finance, Inc. is a newly formed commercial real estate finance company or REIT. The current portfolio is mostly first mortgage loans to state-licensed operators in the cannabis industry. The company expects the IPO to be priced between $16.00 and $18.00 per share and could raise as much as $129 million. It has applied […]
StaffAugust 20, 2021
Cannabis REIT NewLake Capital Partners, Inc. (OCTQX: NLCP) closed on its initial public offering raising $102 million and began trading on the OTC on Friday August 20. The company closed on 3,905,950 shares of common stock at an initial public offering price of $26.00 per share. “The closing of our IPO is a significant milestone […]
Debra BorchardtAugust 9, 2021
Debra Borchardt, Editor-in-Chief, Green Market Report: Rob Sechrist is the president of Pelorus Equity Group, a company that you may not be familiar with, but you will soon. This company is a little unique. It’s a mortgage REIT (real estate investment trust), not a traditional REIT. And Rob, why don’t you explain to our audience […]
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