Company: IIPR
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001104659-25-041241
Chunk: 2

Company: INNOVATIVE INDUSTRIAL PROPERTIES INC
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 2
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 accidental death and dismemberment coverage; • Competitive paid time off consisting of initially four weeks each year, which are in addition to company paid holidays; • A severance plan applicable to all non-executive employees that assists with each employee’s financial security in the event his or her employment is terminated without cause or he or she resigns for good reason; TABLE OF CONTENTS • A wellness reimbursement benefit for fitness and mindfulness applications, classes and home exercise equipment that encourages our employees to stay mentally and physically fit; • A physical work environment designed for health and well-being, including sit-stand desks, ergonomic chairs, healthy snack options (including fresh fruits and vegetables), maximized natural light at all workspaces, and weekly voluntary meditation classes; • Paid time for volunteering at non-profit organizations; • Assistance and support to employees who are working towards obtaining job-related licenses and relevant certifications as well as professional and technical continuing education; and • Matching contributions from the company for employee donations to qualifying educational institutions. Investing in Our Communities We believe the most profound impact we and our tenant partners make is through the positive economic contributions we and our tenants bring to our own communities and the communities where our facilities are situated. Many of these areas have experienced significant challenges, including job losses and economic downturns due to industry shifts and migration of businesses. However, together with our tenants, we have demonstrated the ability to bring back good jobs, economic activity and much needed benefits to the people of these communities. Our efforts also contribute to key tax revenues that help reinvest in public services, such as schools and healthcare, fostering the renewal of these communities. In addition to these economic benefits, our employees and board members remain committed to giving back. In 2024, we organized three volunteer days at the corporate level and donated approximately $50,000 to local food banks in the areas where we own properties, reinforcing our ongoing support for the communities we serve. Investing in Our Properties Our properties are mission-critical for our tenant partners, featuring specialized buildouts with precision environmental controls for producing high-quality, consistent cannabis products at scale. The nature of our business model and the relationships we have with our tenants means that we are providing the capital resources necessary for them to make a variety of upgrades to the properties. Cannabis cultivation requires substantial energy, water and other inputs to optimize yields and achieve the desired product attributes. The capital we invest often goes toward improving energy and water efficiency, along with other enhancements, allowing the tenants to operate their business more efficiently while reducing their environmental impact. Many of our projects focus