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  "documentTitle": "Innovative Industrial Properties, Inc. (IIPR)",
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  "presentationDate": "2020-04-09 00:00:00",
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      "text": "Parcel information corresponding to this location indicates that in 2017 at the time of the transaction, the total estimated market value is $309,000, which is much more in-line with the implied property value calculated using deed tax amounts.",
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      "text": "Core Issue: Overpayment and default. Transaction details: IIPR purchased a property from Vireo on 10/20/2017 for $3.4M. Address: We identify the address to be 256 County Route 117, Johnstown, NY 12095.",
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      "text": "Discount Treatment: Under the good case scenario, based on the tax amounts, we estimate the purchase price to be $392,000... Under the bad case, Vireo is likely going to default... We allocate a 65% discount to 2020 revenue.",
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