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  "documentTitle": "Innovative Industrial Properties, Inc. (IIPR)",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2020-04-09 00:00:00",
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      "text": "However, it is clear that as of March 2019, one month after the purchase, there was no visible improvement to the facility to justify the $4M increase in purchase price.",
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      "text": "For example, parcel 062-0120-032 was sold in 2018 for $6.5M when assessor roll value was $6.6M. Parcel 062-0140-013-0000 was sold for $47M when its assessor's roll value was $47M.",
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      "text": "Our investigator confirmed that this was a growing operation, but was unable to identify who the tenants were. In addition, photos from March 2019 and March of 2020 don't show significant improvements to the building, apart from some fencing and electronics. However, it is clear that as of March 2019, one month after the purchase, there was no visible improvement to the facility to justify the $4M increase in purchase price.",
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