New REIT Alert: Second Publicly Traded Cannabis REIT Set to Arrive This Month

Matthew DiLallo, The Motley Fool

20 October 2020 at 0:50 pm·3-min read

Real estate investors who want to get in on the cannabis growing boom currently only have one easily accessible option: to invest in industrial REIT Innovative Industrial Properties (NYSE: IIPR). Usually, REITs go public via an initial public offering (IPO). Currently known as Inception REIT, the company is taking part in a nearly $183 million transaction to turn a special-purpose acquisition company (SPAC) called Subversive Real Estate Acquisition REIT (OTC: SBVR.F) into a publicly traded REIT.

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