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   <title>Form  SCHEDULE 13G/A  INNOVATIVE INDUSTRIAL                  Filed by: VANGUARD PORTFOLIO MANAGEMENT LLC</title>
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   <title>Form  4          INNOVATIVE INDUSTRIAL     For: Aug 31  Filed by: Ives Bruce Alan</title>
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   <title>Form  424B5      INNOVATIVE INDUSTRIAL                </title>
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   <title>Form  8-K        INNOVATIVE INDUSTRIAL     For: Aug 31</title>
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   <title>Form  10-Q       INNOVATIVE INDUSTRIAL     For: Jun 30</title>
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   <title>Form  10-Q       INNOVATIVE INDUSTRIAL     For: Jun 30</title>
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   <title>Innovative Industrial Properties Reports Second Quarter 2026 Results</title>
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&lt;p class=&quot;bwalignc&quot;&gt;
&lt;i&gt;Significant Liquidity of $300 Million Available to Support Strategic Growth&lt;/i&gt;

&lt;/p&gt;
&lt;p&gt;    SAN DIEGO--(BUSINESS WIRE)--
Innovative Industrial Properties, Inc. (NYSE: IIPR) (&quot;IIP&quot; or the &quot;Company&quot;) announced today results for the second quarter ended June 30, 2026.

&lt;/p&gt;&lt;p&gt;
&lt;b&gt;&lt;span class=&quot;bwuline&quot;&gt;Executive Chairman Remarks&lt;/span&gt;&lt;/b&gt;

&lt;/p&gt;&lt;p&gt;
“Our second quarter activity reflects the continued execution of our strategy across multiple fronts by our management team. We completed the funding of our $270 million investment in IQHQ, generated meaningful leasing momentum across our portfolio and proactively strengthened our balance sheet through a series of successful capital markets transactions,&quot; said Alan Gold, Executive Chairman of IIP. &quot;With substantial liquidity, conservative</description>
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   <title>Innovative Industrial Properties Reports Second Quarter 2026 Results</title>
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&lt;p class=&quot;bwalignc&quot;&gt;
&lt;i&gt;Significant Liquidity of $300 Million Available to Support Strategic Growth&lt;/i&gt;

&lt;/p&gt;
&lt;p&gt;    SAN DIEGO--(BUSINESS WIRE)--
Innovative Industrial Properties, Inc. (NYSE: IIPR) (&quot;IIP&quot; or the &quot;Company&quot;) announced today results for the second quarter ended June 30, 2026.

&lt;/p&gt;&lt;p&gt;
&lt;b&gt;&lt;span class=&quot;bwuline&quot;&gt;Executive Chairman Remarks&lt;/span&gt;&lt;/b&gt;

&lt;/p&gt;&lt;p&gt;
“Our second quarter activity reflects the continued execution of our strategy across multiple fronts by our management team. We completed the funding of our $270 million investment in IQHQ, generated meaningful leasing momentum across our portfolio and proactively strengthened our balance sheet through a series of successful capital markets transactions,&quot; said Alan Gold, Executive Chairman of IIP. &quot;With substantial liquidity, conservative</description>
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   <title>Innovative Industrial Properties Reports Second Quarter 2026 Results</title>
   <link>http://www.streetinsider.com/Press+Releases/Innovative+Industrial+Properties+Reports+Second+Quarter+2026+Results/26858747.html</link>
   <description>
&lt;p class=&quot;bwalignc&quot;&gt;
&lt;i&gt;Significant Liquidity of $300 Million Available to Support Strategic Growth&lt;/i&gt;

&lt;/p&gt;
&lt;p&gt;    SAN DIEGO--(BUSINESS WIRE)--
Innovative Industrial Properties, Inc. (NYSE: IIPR) (&quot;IIP&quot; or the &quot;Company&quot;) announced today results for the second quarter ended June 30, 2026.

&lt;/p&gt;&lt;p&gt;
&lt;b&gt;&lt;span class=&quot;bwuline&quot;&gt;Executive Chairman Remarks&lt;/span&gt;&lt;/b&gt;

&lt;/p&gt;&lt;p&gt;
“Our second quarter activity reflects the continued execution of our strategy across multiple fronts by our management team. We completed the funding of our $270 million investment in IQHQ, generated meaningful leasing momentum across our portfolio and proactively strengthened our balance sheet through a series of successful capital markets transactions,&quot; said Alan Gold, Executive Chairman of IIP. &quot;With substantial liquidity, conservative</description>
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   <title>Innovative Industrial Properties Reports Second Quarter 2026 Results</title>
   <link>http://www.streetinsider.com/Press+Releases/Innovative+Industrial+Properties+Reports+Second+Quarter+2026+Results/26858747.html</link>
   <description>
&lt;p class=&quot;bwalignc&quot;&gt;
&lt;i&gt;Significant Liquidity of $300 Million Available to Support Strategic Growth&lt;/i&gt;

&lt;/p&gt;
&lt;p&gt;    SAN DIEGO--(BUSINESS WIRE)--
Innovative Industrial Properties, Inc. (NYSE: IIPR) (&quot;IIP&quot; or the &quot;Company&quot;) announced today results for the second quarter ended June 30, 2026.

&lt;/p&gt;&lt;p&gt;
&lt;b&gt;&lt;span class=&quot;bwuline&quot;&gt;Executive Chairman Remarks&lt;/span&gt;&lt;/b&gt;

&lt;/p&gt;&lt;p&gt;
“Our second quarter activity reflects the continued execution of our strategy across multiple fronts by our management team. We completed the funding of our $270 million investment in IQHQ, generated meaningful leasing momentum across our portfolio and proactively strengthened our balance sheet through a series of successful capital markets transactions,&quot; said Alan Gold, Executive Chairman of IIP. &quot;With substantial liquidity, conservative</description>
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   <title>Innovative Industrial Properties Reports Second Quarter 2026 Results</title>
   <link>http://www.streetinsider.com/Press+Releases/Innovative+Industrial+Properties+Reports+Second+Quarter+2026+Results/26858747.html</link>
   <description>
&lt;p class=&quot;bwalignc&quot;&gt;
&lt;i&gt;Significant Liquidity of $300 Million Available to Support Strategic Growth&lt;/i&gt;

&lt;/p&gt;
&lt;p&gt;    SAN DIEGO--(BUSINESS WIRE)--
Innovative Industrial Properties, Inc. (NYSE: IIPR) (&quot;IIP&quot; or the &quot;Company&quot;) announced today results for the second quarter ended June 30, 2026.

&lt;/p&gt;&lt;p&gt;
&lt;b&gt;&lt;span class=&quot;bwuline&quot;&gt;Executive Chairman Remarks&lt;/span&gt;&lt;/b&gt;

&lt;/p&gt;&lt;p&gt;
“Our second quarter activity reflects the continued execution of our strategy across multiple fronts by our management team. We completed the funding of our $270 million investment in IQHQ, generated meaningful leasing momentum across our portfolio and proactively strengthened our balance sheet through a series of successful capital markets transactions,&quot; said Alan Gold, Executive Chairman of IIP. &quot;With substantial liquidity, conservative</description>
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   <title>Innovative Industrial Properties Reports Second Quarter 2026 Results</title>
   <link>http://www.streetinsider.com/Press+Releases/Innovative+Industrial+Properties+Reports+Second+Quarter+2026+Results/26858747.html</link>
   <description>
&lt;p class=&quot;bwalignc&quot;&gt;
&lt;i&gt;Significant Liquidity of $300 Million Available to Support Strategic Growth&lt;/i&gt;

&lt;/p&gt;
&lt;p&gt;    SAN DIEGO--(BUSINESS WIRE)--
Innovative Industrial Properties, Inc. (NYSE: IIPR) (&quot;IIP&quot; or the &quot;Company&quot;) announced today results for the second quarter ended June 30, 2026.

&lt;/p&gt;&lt;p&gt;
&lt;b&gt;&lt;span class=&quot;bwuline&quot;&gt;Executive Chairman Remarks&lt;/span&gt;&lt;/b&gt;

&lt;/p&gt;&lt;p&gt;
“Our second quarter activity reflects the continued execution of our strategy across multiple fronts by our management team. We completed the funding of our $270 million investment in IQHQ, generated meaningful leasing momentum across our portfolio and proactively strengthened our balance sheet through a series of successful capital markets transactions,&quot; said Alan Gold, Executive Chairman of IIP. &quot;With substantial liquidity, conservative</description>
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   <title>Innovative Industrial Properties Reports Second Quarter 2026 Results</title>
   <link>http://www.streetinsider.com/Press+Releases/Innovative+Industrial+Properties+Reports+Second+Quarter+2026+Results/26858747.html</link>
   <description>
&lt;p class=&quot;bwalignc&quot;&gt;
&lt;i&gt;Significant Liquidity of $300 Million Available to Support Strategic Growth&lt;/i&gt;

&lt;/p&gt;
&lt;p&gt;    SAN DIEGO--(BUSINESS WIRE)--
Innovative Industrial Properties, Inc. (NYSE: IIPR) (&quot;IIP&quot; or the &quot;Company&quot;) announced today results for the second quarter ended June 30, 2026.

&lt;/p&gt;&lt;p&gt;
&lt;b&gt;&lt;span class=&quot;bwuline&quot;&gt;Executive Chairman Remarks&lt;/span&gt;&lt;/b&gt;

&lt;/p&gt;&lt;p&gt;
“Our second quarter activity reflects the continued execution of our strategy across multiple fronts by our management team. We completed the funding of our $270 million investment in IQHQ, generated meaningful leasing momentum across our portfolio and proactively strengthened our balance sheet through a series of successful capital markets transactions,&quot; said Alan Gold, Executive Chairman of IIP. &quot;With substantial liquidity, conservative</description>
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   <title>Innovative Industrial Properties Reports Second Quarter 2026 Results</title>
   <link>http://www.streetinsider.com/Press+Releases/Innovative+Industrial+Properties+Reports+Second+Quarter+2026+Results/26858747.html</link>
   <description>
&lt;p class=&quot;bwalignc&quot;&gt;
&lt;i&gt;Significant Liquidity of $300 Million Available to Support Strategic Growth&lt;/i&gt;

&lt;/p&gt;
&lt;p&gt;    SAN DIEGO--(BUSINESS WIRE)--
Innovative Industrial Properties, Inc. (NYSE: IIPR) (&quot;IIP&quot; or the &quot;Company&quot;) announced today results for the second quarter ended June 30, 2026.

&lt;/p&gt;&lt;p&gt;
&lt;b&gt;&lt;span class=&quot;bwuline&quot;&gt;Executive Chairman Remarks&lt;/span&gt;&lt;/b&gt;

&lt;/p&gt;&lt;p&gt;
“Our second quarter activity reflects the continued execution of our strategy across multiple fronts by our management team. We completed the funding of our $270 million investment in IQHQ, generated meaningful leasing momentum across our portfolio and proactively strengthened our balance sheet through a series of successful capital markets transactions,&quot; said Alan Gold, Executive Chairman of IIP. &quot;With substantial liquidity, conservative</description>
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   <title>Innovative Industrial Properties Reports Second Quarter 2026 Results</title>
   <link>http://www.streetinsider.com/Business+Wire/Innovative+Industrial+Properties+Reports+Second+Quarter+2026+Results/26858747.html</link>
   <description>
&lt;p class=&quot;bwalignc&quot;&gt;
&lt;i&gt;Significant Liquidity of $300 Million Available to Support Strategic Growth&lt;/i&gt;

&lt;/p&gt;
&lt;p&gt;    SAN DIEGO--(BUSINESS WIRE)--
Innovative Industrial Properties, Inc. (NYSE: IIPR) (&quot;IIP&quot; or the &quot;Company&quot;) announced today results for the second quarter ended June 30, 2026.

&lt;/p&gt;&lt;p&gt;
&lt;b&gt;&lt;span class=&quot;bwuline&quot;&gt;Executive Chairman Remarks&lt;/span&gt;&lt;/b&gt;

&lt;/p&gt;&lt;p&gt;
“Our second quarter activity reflects the continued execution of our strategy across multiple fronts by our management team. We completed the funding of our $270 million investment in IQHQ, generated meaningful leasing momentum across our portfolio and proactively strengthened our balance sheet through a series of successful capital markets transactions,&quot; said Alan Gold, Executive Chairman of IIP. &quot;With substantial liquidity, conservative</description>
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   <title>Innovative Industrial Properties Reports Second Quarter 2026 Results</title>
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   <description>
&lt;p class=&quot;bwalignc&quot;&gt;
&lt;i&gt;Significant Liquidity of $300 Million Available to Support Strategic Growth&lt;/i&gt;

&lt;/p&gt;
&lt;p&gt;    SAN DIEGO--(BUSINESS WIRE)--
Innovative Industrial Properties, Inc. (NYSE: IIPR) (&quot;IIP&quot; or the &quot;Company&quot;) announced today results for the second quarter ended June 30, 2026.

&lt;/p&gt;&lt;p&gt;
&lt;b&gt;&lt;span class=&quot;bwuline&quot;&gt;Executive Chairman Remarks&lt;/span&gt;&lt;/b&gt;

&lt;/p&gt;&lt;p&gt;
“Our second quarter activity reflects the continued execution of our strategy across multiple fronts by our management team. We completed the funding of our $270 million investment in IQHQ, generated meaningful leasing momentum across our portfolio and proactively strengthened our balance sheet through a series of successful capital markets transactions,&quot; said Alan Gold, Executive Chairman of IIP. &quot;With substantial liquidity, conservative</description>
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   <title>Innovative Industrial Properties Reports Second Quarter 2026 Results</title>
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   <description>
&lt;p class=&quot;bwalignc&quot;&gt;
&lt;i&gt;Significant Liquidity of $300 Million Available to Support Strategic Growth&lt;/i&gt;

&lt;/p&gt;
&lt;p&gt;    SAN DIEGO--(BUSINESS WIRE)--
Innovative Industrial Properties, Inc. (NYSE: IIPR) (&quot;IIP&quot; or the &quot;Company&quot;) announced today results for the second quarter ended June 30, 2026.

&lt;/p&gt;&lt;p&gt;
&lt;b&gt;&lt;span class=&quot;bwuline&quot;&gt;Executive Chairman Remarks&lt;/span&gt;&lt;/b&gt;

&lt;/p&gt;&lt;p&gt;
“Our second quarter activity reflects the continued execution of our strategy across multiple fronts by our management team. We completed the funding of our $270 million investment in IQHQ, generated meaningful leasing momentum across our portfolio and proactively strengthened our balance sheet through a series of successful capital markets transactions,&quot; said Alan Gold, Executive Chairman of IIP. &quot;With substantial liquidity, conservative</description>
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   <title>Innovative Industrial Properties Reports Second Quarter 2026 Results</title>
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   <description>
&lt;p class=&quot;bwalignc&quot;&gt;
&lt;i&gt;Significant Liquidity of $300 Million Available to Support Strategic Growth&lt;/i&gt;

&lt;/p&gt;
&lt;p&gt;    SAN DIEGO--(BUSINESS WIRE)--
Innovative Industrial Properties, Inc. (NYSE: IIPR) (&quot;IIP&quot; or the &quot;Company&quot;) announced today results for the second quarter ended June 30, 2026.

&lt;/p&gt;&lt;p&gt;
&lt;b&gt;&lt;span class=&quot;bwuline&quot;&gt;Executive Chairman Remarks&lt;/span&gt;&lt;/b&gt;

&lt;/p&gt;&lt;p&gt;
“Our second quarter activity reflects the continued execution of our strategy across multiple fronts by our management team. We completed the funding of our $270 million investment in IQHQ, generated meaningful leasing momentum across our portfolio and proactively strengthened our balance sheet through a series of successful capital markets transactions,&quot; said Alan Gold, Executive Chairman of IIP. &quot;With substantial liquidity, conservative</description>
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   <title>Innovative Industrial Properties Reports Second Quarter 2026 Results</title>
   <link>http://www.streetinsider.com/Business+Wire/Innovative+Industrial+Properties+Reports+Second+Quarter+2026+Results/26858747.html</link>
   <description>
&lt;p class=&quot;bwalignc&quot;&gt;
&lt;i&gt;Significant Liquidity of $300 Million Available to Support Strategic Growth&lt;/i&gt;

&lt;/p&gt;
&lt;p&gt;    SAN DIEGO--(BUSINESS WIRE)--
Innovative Industrial Properties, Inc. (NYSE: IIPR) (&quot;IIP&quot; or the &quot;Company&quot;) announced today results for the second quarter ended June 30, 2026.

&lt;/p&gt;&lt;p&gt;
&lt;b&gt;&lt;span class=&quot;bwuline&quot;&gt;Executive Chairman Remarks&lt;/span&gt;&lt;/b&gt;

&lt;/p&gt;&lt;p&gt;
“Our second quarter activity reflects the continued execution of our strategy across multiple fronts by our management team. We completed the funding of our $270 million investment in IQHQ, generated meaningful leasing momentum across our portfolio and proactively strengthened our balance sheet through a series of successful capital markets transactions,&quot; said Alan Gold, Executive Chairman of IIP. &quot;With substantial liquidity, conservative</description>
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   <title>Innovative Industrial Properties Reports Second Quarter 2026 Results</title>
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   <description>
&lt;p class=&quot;bwalignc&quot;&gt;
&lt;i&gt;Significant Liquidity of $300 Million Available to Support Strategic Growth&lt;/i&gt;

&lt;/p&gt;
&lt;p&gt;    SAN DIEGO--(BUSINESS WIRE)--
Innovative Industrial Properties, Inc. (NYSE: IIPR) (&quot;IIP&quot; or the &quot;Company&quot;) announced today results for the second quarter ended June 30, 2026.

&lt;/p&gt;&lt;p&gt;
&lt;b&gt;&lt;span class=&quot;bwuline&quot;&gt;Executive Chairman Remarks&lt;/span&gt;&lt;/b&gt;

&lt;/p&gt;&lt;p&gt;
“Our second quarter activity reflects the continued execution of our strategy across multiple fronts by our management team. We completed the funding of our $270 million investment in IQHQ, generated meaningful leasing momentum across our portfolio and proactively strengthened our balance sheet through a series of successful capital markets transactions,&quot; said Alan Gold, Executive Chairman of IIP. &quot;With substantial liquidity, conservative</description>
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   <title>Innovative Industrial Properties Reports Second Quarter 2026 Results</title>
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   <description>
&lt;p class=&quot;bwalignc&quot;&gt;
&lt;i&gt;Significant Liquidity of $300 Million Available to Support Strategic Growth&lt;/i&gt;

&lt;/p&gt;
&lt;p&gt;    SAN DIEGO--(BUSINESS WIRE)--
Innovative Industrial Properties, Inc. (NYSE: IIPR) (&quot;IIP&quot; or the &quot;Company&quot;) announced today results for the second quarter ended June 30, 2026.

&lt;/p&gt;&lt;p&gt;
&lt;b&gt;&lt;span class=&quot;bwuline&quot;&gt;Executive Chairman Remarks&lt;/span&gt;&lt;/b&gt;

&lt;/p&gt;&lt;p&gt;
“Our second quarter activity reflects the continued execution of our strategy across multiple fronts by our management team. We completed the funding of our $270 million investment in IQHQ, generated meaningful leasing momentum across our portfolio and proactively strengthened our balance sheet through a series of successful capital markets transactions,&quot; said Alan Gold, Executive Chairman of IIP. &quot;With substantial liquidity, conservative</description>
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   <title>Innovative Industrial Properties Reports Second Quarter 2026 Results</title>
   <link>http://www.streetinsider.com/Business+Wire/Innovative+Industrial+Properties+Reports+Second+Quarter+2026+Results/26858747.html</link>
   <description>
&lt;p class=&quot;bwalignc&quot;&gt;
&lt;i&gt;Significant Liquidity of $300 Million Available to Support Strategic Growth&lt;/i&gt;

&lt;/p&gt;
&lt;p&gt;    SAN DIEGO--(BUSINESS WIRE)--
Innovative Industrial Properties, Inc. (NYSE: IIPR) (&quot;IIP&quot; or the &quot;Company&quot;) announced today results for the second quarter ended June 30, 2026.

&lt;/p&gt;&lt;p&gt;
&lt;b&gt;&lt;span class=&quot;bwuline&quot;&gt;Executive Chairman Remarks&lt;/span&gt;&lt;/b&gt;

&lt;/p&gt;&lt;p&gt;
“Our second quarter activity reflects the continued execution of our strategy across multiple fronts by our management team. We completed the funding of our $270 million investment in IQHQ, generated meaningful leasing momentum across our portfolio and proactively strengthened our balance sheet through a series of successful capital markets transactions,&quot; said Alan Gold, Executive Chairman of IIP. &quot;With substantial liquidity, conservative</description>
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