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Innovative Industrial Properties Announces New $100 Million Revolving Credit Facility to Support Strategic Growth
Businesswireยท 2025-10-06 12:49
Core Viewpoint - Innovative Industrial Properties, Inc. has successfully closed a new $100 million secured revolving credit facility, indicating strong support for its investment strategy in the life science industry [1] Group 1: Financial Developments - The new credit facility is valued at $100 million and is secured with a federally regulated commercial bank [1] - The closing of this credit facility is expected to enhance access to capital and reduce costs for the company [1] Group 2: Strategic Insights - The Executive Chairman of the company, Alan Gold, emphasized that the investment in the life science industry is anticipated to yield improved financial conditions [1]