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  "documentTitle": "Innovative Industrial Properties, Inc. (IIPR)",
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      "text": "yield: 15.23%",
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      "text": "Discount Treatment: While the previous purchase price and the development costs will represent a 70% discount to rent, we acknowledge that improvements have been made to the property and graciously allocate a 35% discount to both good and bad case.",
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      "text": "Initial Terms: We estimate 2020 rent to be $1.1M, representing a 15.23% yield.",
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      "text": "Independent due diligence: Deed records show that IIPR purchased the property from GTI Oglesby Partners LLC on 03/03/20 for $9M. The property was previously sold to GTI Oglesby Partners LLC by Hometown National Bank Trustee for $722,000 on 06/23/2015. County property records indicates that buildings were already constructed in 2015.",
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      "text": "Address: We identify the address to be 110 4th Street E Oglesby IL 61348. Parcel #: 18-35-110-000",
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      "text": "Transaction details: IIPR closed the acquisition of a property in Oglesby IL with Green Thumb Industries on 03/09/2020. The initial purchase price for the property was $9M, offering reimbursement for improvement up to $41M.",
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