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(iipr) - Reit To Set Up Cannabis Cultivation Facility In Massachusetts Via $27M Deal | Benzinga
Posted on: April 3, 2020, 1:31 p.m.
Cannabis-focused real estate company Innovative Industrial Properties Inc. (NYSE: IIPR) said Thursday it has finalized its $26.8 million acquisition of an Athol, Massachusetts-based property. The acquired property spans about 199,000 square-feet of industrial space. Innovative Industrial Properties signed a long-term lease agreement with a subsidiary of Ascend Wellness Holdings LLC, a vertically-integrates cannabis company, for further operation as a licensed cannabis cultivation and processing facility. Under this agreement, Ascend Wellness is expected to finalize tenant enhancements at ...Full story available ... Full investment news article
Pennsylvania PSERS Focused On Increasing Leverage To Reach 'Better-Balanced Portfolio' | Jim Grossman, Chief Investment Officer | Q&A
Posted on: April 3, 2020, 12:11 p.m.
Jim Grossman is the chief investment officer at the Pennsylvania Public School Employees Retirement System (PA PSERS), where he oversees $59.1 billion of assets. In this interview, he discussed why PSERS prefers a more balanced and diversified portfolio allocation; why using leverage in the portfolio is evolutionary for them; and their measured approach to early-stage venture. Full investment news article