Core Insights - The article highlights the strong balance sheet and high yield of Innovative Industrial Properties (IIPR) preferred stock, indicating a potentially attractive investment opportunity [1]. Group 1: Company Overview - Innovative Industrial Properties (IIPR) has shown significant strength in its financial position, which is a key factor for investors [1]. - The company is involved in the real estate sector, specifically focusing on properties used for medical cannabis cultivation and processing [1]. Group 2: Investment Strategy - The Arbitrage Trader, led by Denislav Iliev, employs a strategy of identifying mispriced investments in fixed-income and closed-end funds, which may include IIPR's preferred stocks [1]. - The investment group Trade With Beta offers features such as frequent picks for mispriced preferred stocks, weekly reviews of over 1200 equities, and hedging strategies, which could benefit investors interested in IIPR [1].