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  "documentTitle": "Innovative Industrial Properties, Inc. (IIPR)",
  "authorId": "62_Grizzly_Research",
  "authorName": "Grizzly Research",
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  "documentKindLabel": "Research note",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2020-04-09 00:00:00",
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  "notes": "Includes property address, parcel ID, estimated rent, yield, and photographic evidence of site status.",
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      "text": "We do not see any signs of production activity going on and suspect it is an empty warehouse.",
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      "text": "Four photos of the warehouse facility",
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      "text": "yield: 15.23%",
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      "text": "Initial Terms: We estimate 2020 rent to be around $725,000 , representing a yield of 15.23%.",
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      "text": "Independent due diligence: Below are photos taken of the property on 01/15/2020. We do not see any signs of production activity going on and suspect it is an empty warehouse.",
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      "text": "We visited the facility again on 03/23/2020. It appears construction has just started.",
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      "text": "Address: We have identified the address to be 735 E. Hazel Street, Lansing, MI, 48912. Parcel ID #: 33-01-01-22-105-001",
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