anlak storytelling
All kinds
Document kinds
Loading document kinds...

Primary corpus lens for browsing and insights. Selection lives in the URL.

All formats
Orientation
Loading formats...

Landscape, portrait, square, or unknown document geometry.

Unlock
Grizzly Research · research-note

Innovative Industrial Properties, Inc. (IIPR)

78 pages · 5 arc beats · 0 loops

Research-Note Download JSON
Unlock

Innovative Industrial Properties, Inc. (IIPR)

Grizzly Research · 2020-04
arc beats above · slides in the middle · loops below · scroll → 0 LOOPS
SETUP TENSION ANALYSIS EVIDENCE RESOLUTION APPENDIX
HOVER FOR DETAILS · CLICK A SLIDE FOR FULLSCREEN · STEP 5
— No image bound to this slide. Wire up imgproxy to display the rendered slide JPEG.
—

Deck intelligence map

5
coverage by narrative range · generated from this deck JSON
Narrative range 277 total
Metadata
Components
Metrics
Tools
Frameworks
Beats
Loops
Problem Statement 1 slides 100% 1/1 slides 100% 1/1 slides · 9 hits
— 0/1 slides
— 0/1 slides
— 0/1 slides
100% 1/1 slides
— 0/1 slides
Expose Contradiction 76 slides 100% 76/76 slides 96.1% 73/76 slides · 527 hits
— 0/76 slides
15.8% 12/76 slides · 14 hits 30.3% 23/76 slides 100% 76/76 slides · 276 hits
— 0/76 slides
Before and After 71 slides 100% 71/71 slides 95.8% 68/71 slides · 491 hits
— 0/71 slides
15.5% 11/71 slides · 13 hits 29.6% 21/71 slides 100% 71/71 slides · 271 hits
— 0/71 slides
Villain Critique 69 slides 100% 69/69 slides 95.7% 66/69 slides · 477 hits
— 0/69 slides
15.9% 11/69 slides · 13 hits 29% 20/69 slides 100% 69/69 slides · 267 hits
— 0/69 slides
Appendix Data 60 slides 100% 60/60 slides 96.7% 58/60 slides · 417 hits
— 0/60 slides
13.3% 8/60 slides · 10 hits 26.7% 16/60 slides 100% 60/60 slides · 240 hits
— 0/60 slides

Slide inventory

78
every slide · same image gating as the playbook
01
Slide 1
front_matter
Open slide detail
02
Includes photographic evidence of site status as of March 2020.diagnose_problem
Open slide detailBeat · Problem Statement
03
Includes a Gantt chart showing original construction schedule vs. reality.expose_contradiction
Open slide detailBeat · Expose Contradiction
04
Includes property address, parcel ID, estimated rent, yield, and photographic evidence of site status.diagnose_problem
Open slide detailBeat · Expose Contradiction
05
Includes a bear logo, suggesting a short-seller research report.expose_contradiction
Open slide detailBeat · Expose Contradiction
06
The slide uses a 'bear' logo, likely indicating a short-seller research report.expose_contradiction
Open slide detailBeat · Expose Contradiction
07
Includes Google Maps screenshots, historical aerial imagery comparison, building permit records, and tax assessment data.illustrate_case
Open slide detailBeat · Expose Contradiction
08
The slide uses investigative due diligence to challenge the valuation and tenant disclosure of a specific real estate asset.expose_contradiction
Open slide detailBeat · Expose Contradiction
09
Includes a map of the facility, property tax assessment data, and a narrative regarding a significant price premium paid by IIPR.analyze_data
Open slide detailBeat · Expose Contradiction
10
Uses Google Street View and investigator photos to document property state.expose_contradiction
Open slide detailBeat · Expose Contradiction
11
The slide uses a bear logo, likely indicating a short-seller research report.diagnose_problem
Open slide detailBeat · Expose Contradiction
12
Includes screenshots of property records and site visit photos.expose_contradiction
Open slide detailBeat · Expose Contradiction
13
The slide uses a 'bear' logo, likely indicating a short-seller research report.expose_contradiction
Open slide detailBeat · Expose Contradiction
14
The slide uses a 'bear' logo, likely indicating a short-seller research report.expose_contradiction
Open slide detailBeat · Expose Contradiction
15
Image file /tmp/legacy-images/5deacbabc940/slides/015.jpg not present on disk; unable to inspect.
Open slide detailBeat · Expose Contradiction
16
Includes a table of property transactions and photographic evidence of site conditions.analyze_data
Open slide detailBeat · Expose Contradiction
17
The slide uses public records to challenge the valuation or nature of a real estate transaction.expose_contradiction
Open slide detailBeat · Expose Contradiction
18
Includes a screenshot of a municipal building permit record.diagnose_problem
Open slide detailBeat · Expose Contradiction
19
The slide uses visual evidence to document site progress between December 2019 and March 2020.illustrate_case
Open slide detailBeat · Expose Contradiction
20
Image file /tmp/legacy-images/5deacbabc940/slides/020.jpg not present on disk; unable to inspect.
Open slide detailBeat · Expose Contradiction
21
The slide highlights a discrepancy in legal transfer methods between two entities (IIPR vs 3G Management) for the same property.expose_contradiction
Open slide detailBeat · Expose Contradiction
22
The slide uses a snippet of a legal contract to argue that the rental terms are inflated, suggesting a hidden capital injection mechanism.expose_contradiction
Open slide detailBeat · Expose Contradiction
23
Includes investigative findings on property ownership, appraisal, and operational status.analyze_data
Open slide detailBeat · Expose Contradiction
24
Includes a screenshot of public property records to support the overpayment thesis.expose_contradiction
Open slide detailBeat · Expose Contradiction
25
The slide uses visual evidence to challenge a corporate disclosure regarding tenant improvements.expose_contradiction
Open slide detailBeat · Expose Contradiction
26
Includes a screenshot of a property location and references to specific deed records and entities.diagnose_problem
Open slide detailBeat · Expose Contradiction
27
The slide uses property transaction data to imply potential self-dealing or questionable valuation practices by IIPR and Michael King.expose_contradiction
Open slide detailBeat · Expose Contradiction
28
Includes a street view image of a property and financial analysis of purchase price vs. valuation.expose_gap
Open slide detailBeat · Expose Contradiction
29
Includes a table of property records and a narrative argument questioning the valuation of the asset.expose_contradiction
Open slide detailBeat · Expose Contradiction
30
The slide uses a bear icon, likely indicating a short-seller research note.expose_contradiction
Open slide detailBeat · Expose Contradiction
31
The slide highlights a discrepancy between implied purchase prices and actual deed records, and provides a valuation adjustment for a portfolio.expose_contradiction
Open slide detailBeat · Expose Contradiction
32
Includes screenshots of county records and site photos.analyze_data
Open slide detailBeat · Expose Contradiction
33
The slide presents a case study of a specific asset (Vireo) and justifies the valuation approach based on due diligence and financial risk assessment.preempt_rebuttal
Open slide detailBeat · Expose Contradiction
34
DYME likely stands for 'Do Your Own Due Diligence' or similar research-note shorthand.diagnose_problem
Open slide detailBeat · Expose Contradiction
35
Includes three separate deed record snippets with annotations calculating implied property values.analyze_data
Open slide detailBeat · Expose Contradiction
36
The slide uses property records and GIS data to question the legitimacy of a cannabis operation's license vs. its actual activities.analyze_data
Open slide detailBeat · Expose Contradiction
37
The slide uses a bear logo, likely indicating a short-seller research report.expose_contradiction
Open slide detailBeat · Expose Contradiction
38
The slide uses legal document excerpts to suggest potential shell company activity or fraudulent transfer patterns.expose_contradiction
Open slide detailBeat · Expose Contradiction
39
Includes a bear logo, suggesting a short-seller research report.expose_contradiction
Open slide detailBeat · Expose Contradiction
40
Includes a screenshot of a warranty deed as evidence of the transaction.expose_contradiction
Open slide detailBeat · Expose Contradiction
41
Includes screenshots of public records and tax assessment tables.expose_contradiction
Open slide detailBeat · Expose Contradiction
42
Includes a bear logo in the top right corner.diagnose_problem
Open slide detailBeat · Expose Contradiction
43
Includes a table of historical property sales records.diagnose_problem
Open slide detailBeat · Expose Contradiction
44
The slide uses a bear icon, likely indicating a short-seller perspective.name_villain
Open slide detailBeat · Expose Contradiction
45
The slide uses a bear logo, likely indicating a short-seller research report.analyze_data
Open slide detailBeat · Expose Contradiction
46
Includes a bear logo in the top right corner.analyze_data
Open slide detailBeat · Expose Contradiction
47
Image file /tmp/legacy-images/5deacbabc940/slides/047.jpg not present on disk; unable to inspect.
Open slide detailBeat · Expose Contradiction
48
Includes excerpts from a property deed and valuation data tables.analyze_data
Open slide detailBeat · Expose Contradiction
49
The slide includes four photos of the property and specific financial details regarding a 2019 transaction.diagnose_problem
Open slide detailBeat · Expose Contradiction
50
Includes handwritten annotation regarding the effective date of the indenture.analyze_data
Open slide detailBeat · Expose Contradiction
51
Includes Google Street View screenshots and investigator field notes.illustrate_case
Open slide detailBeat · Expose Contradiction
52
The slide contains two images: one showing the signage of the Iron Town Commerce Center and another showing a video player interface displaying the building extother
Open slide detailBeat · Expose Contradiction
53
Includes historical purchase price of $775,000 from 2007.other
Open slide detailBeat · Expose Contradiction
54
Includes handwritten annotations on the deed document.analyze_data
Open slide detailBeat · Expose Contradiction
55
The slide uses a 'bear' logo, suggesting a short-seller research note.expose_contradiction
Open slide detailBeat · Expose Contradiction
56
Uses visual evidence to contradict potential claims of facility expansion or alteration.expose_contradiction
Open slide detailBeat · Expose Contradiction
57
Includes a photo of the facility and a bear logo in the top right corner.expose_contradiction
Open slide detailBeat · Expose Contradiction
58
The slide uses visual evidence (photos) to argue that the purchase price of $9M is an overpayment, suggesting a more accurate valuation of $5M.name_villain
Open slide detailBeat · Expose Contradiction
59
The slide presents two separate case studies (Maryland and Harrison Township, MI) to argue that IIPR overpaid for properties.expose_contradiction
Open slide detailBeat · Expose Contradiction
60
The slide highlights a 'peculiarity' where a property appears to be sold before the seller officially owned it, based on deed dates.expose_contradiction
Open slide detailBeat · Expose Contradiction
61
The slide uses legal notary blocks as evidence to contrast with the investigative finding regarding property valuation.expose_contradiction
Open slide detailBeat · Expose Contradiction
62
The slide uses a bear logo, likely indicating a short-seller report.expose_contradiction
Open slide detailBeat · Expose Contradiction
63
Includes a screenshot of a deed record database entry.analyze_data
Open slide detailBeat · Expose Contradiction
64
The slide uses photographic evidence and satellite imagery to challenge the valuation narrative of a specific property transaction.expose_contradiction
Open slide detailBeat · Expose Contradiction
65
Includes Google Street View imagery as evidence of property status.analyze_data
Open slide detailBeat · Expose Contradiction
66
The slide uses a bear logo, likely indicating a short-seller research report.expose_contradiction
Open slide detailBeat · Expose Contradiction
67
Uses deed tax formula to reverse-engineer property purchase price.expose_contradiction
Open slide detailBeat · Expose Contradiction
68
Includes aerial imagery, historical tax assessment data, and a scenario-based discount analysis.analyze_data
Open slide detailBeat · Expose Contradiction
69
Includes a visual comparison of satellite imagery to argue minimal property improvements were made.expose_contradiction
Open slide detailBeat · Expose Contradiction
70
Includes excerpts from two deeds and confirmation of renovation investment.analyze_data
Open slide detailBeat · Expose Contradiction
71
Includes site photos and financial terms of the IIPR property acquisition.establish_context
Open slide detailBeat · Expose Contradiction
72
Includes a screenshot of a public property search portal and textual details on lease terms.analyze_data
Open slide detailBeat · Expose Contradiction
73
Includes photographic evidence of the site and signage.analyze_data
Open slide detailBeat · Expose Contradiction
74
Includes property tax assessment data and sales history to support the overpayment thesis.diagnose_problem
Open slide detailBeat · Expose Contradiction
75
Includes a satellite image of the property and specific financial terms of the lease agreement.diagnose_problem
Open slide detailBeat · Expose Contradiction
76
Includes a snippet of a Nevada Declaration of Value form as evidence of the $3.8M purchase price.diagnose_problem
Open slide detailBeat · Expose Contradiction
77
Includes a copy of a Grant, Bargain, Sale Deed and a Declaration of Value form for 5421 E. Cheyenne.expose_contradiction
Open slide detailBeat · Expose Contradiction
78
Includes a bear logo in the top right corner.preempt_rebuttal
Open slide detailBeat · Expose Contradiction