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  "documentTitle": "Innovative Industrial Properties, Inc. (IIPR)",
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  "authorName": "Grizzly Research",
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  "presentationDate": "2020-04-09 00:00:00",
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      "text": "We see that the previous transaction value was much more in line with county's assed value.",
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      "text": "Deed excerpt showing Franklin County Area Development Corporation to GR Properties Chambersburg, LLC for $3,700,000.00.",
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      "text": "valuation discrepancy: $9M",
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      "text": "However, the county assed the value to be $4.17M.",
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      "text": "The property was previously purchased from Franklin County Area Development Corporation on 10/26/2017 for $3.7M.",
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      "text": "The county valued the property at $3.53M.",
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      "kind": "paragraph",
      "text": "We see that the previous transaction value was much more in line with county's assed value. This is a video that promoted the sale of the property on 02/20/2017. Our investigator visited the property and confirmed that there were some improvements, but not enough to justify the $9M increase in purchase price.",
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      "text": "D. VALUATION DATA. 1. Actual Cash Consideration 14,220,000.00. 2. Other Consideration +0.00. 3. Total Consideration = 14,220,000.00. 4. County Assessed Value 462,880.00. 5. Common Level Ratio Factor x 9.01. 6. Computed Value = 4,170,549.00",
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      "text": "D. VALUATION DATA. 1. Actual Cash Consideration 3,700,000.00. 2. Other Consideration +0.00. 3. Total Consideration = 3,700,000.00. 4. County Assessed Value 462,880.00. 5. Common Level Ratio Factor x 7.63. 6. Computed Value = 3,531,774.40",
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