Company: IIPR
Filing Date: 2025-05-13
Form Type: 8-K
Source: 0001104659-25-047880
Chunk: 1

Company: INNOVATIVE INDUSTRIAL PROPERTIES INC
Filing Date: 2025-05-13
Form: 8-K
Item: Item 8.01
Chunk 1
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 pursuant to the Company’s shelf registration statement on Form S-3 (File No. 333-285148), which
became effective upon filing with the Securities and Exchange Commission (“ SEC”) on February 21, 2025, and the related prospectus
supplement dated February 26, 2025, as supplemented by the prospectus supplement, dated May 13, 2025 (collectively, the “ ATM Prospectus”).
The ATM Prospectus may be further amended or supplemented from time to time. As of the date of this Current Report on Form 8-K, Shares
having an aggregate offering price of approximately $479.8 million remain available for sale pursuant to the ATM Prospectus.

The
foregoing descriptions of the Equity Distribution Agreements and Master Forward Sale Agreements and supplemental confirmations do not
purport to be complete and are qualified in their entirety by reference to the full text of such agreements, which are filed as exhibits
to this Current Report on Form 8-K and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

  Exhibit      Description of Exhibit                                                                                                               
      1.1      Form of Equity Distribution Agreement (incorporated by reference to Current Report on Form 8-K filed with the SEC on May 24, 2024).  
      1.2      Form of Master Forward Sale Agreement (incorporated by reference to Current Report on Form 8-K filed with the SEC on May 24, 2024).  
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      104      Cover Page Interactive Data File (embedded within the XBRL document).                                                                

SIGNATURES

Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

  Date: May 13, 2025      INNOVATIVE INDUSTRIAL PROPERTIES, INC.                               
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                          By:                                         /s/                      
                          Name:                                       David Smith              
                          Title:                                      Chief Financial Officer