Bloomberg: Lone U.S. Cannabis REIT Trounces Peers in Legal Gray Area
According to Bloomberg:
From the outside, the row of nondescript buildings in Hamptonburgh in upstate New York looks like any other U.S. warehouse complex. Inside, row after row of budding cannabis plants grow under bright lights and hundreds of security cameras.
For now, Innovative’s investors are more focused on the company’s rewards than its risks.
“Given where traditional industrial properties trade today, which is let’s call it a third of that, it seems like the risk adjusted return is pretty attractive,” said Dirk Aulabaugh, managing director of Green Street Advisors. “You’re taking more risk and you’re earning a return that would be commensurate with that risk."
To read the full article from Bloomberg, click here.