Innovative Industrial Properties, Inc. filed a Form 8-K on October 27, 2026, disclosing that its operating partnership entered into Amendment Number Six to its secured revolving credit facility loan agreement on October 21, 2026, extending the maturity date to January 21, 2027.

Key Highlights

  • Maturity extended: The loan agreement's maturity date was extended from October 23, 2026 to January 21, 2027.
  • Outstanding balance: As of October 21, 2026, $62.5 million in aggregate principal amount was outstanding under the loan agreement.
  • Extension fee paid: IIP Operating Partnership, LP paid the lenders an extension fee in connection with the Sixth Amendment.
  • Terms unchanged: The Sixth Amendment does not modify the aggregate commitments, interest rate, borrowing base, or covenants under the loan agreement.
  • Agent and lender: East West Bank serves as agent and a lender, with other financial institutions also party to the agreement as lenders.
  • Borrower: IIP Operating Partnership, LP, the company's operating partnership, is the borrower under the facility.

Innovative Industrial Properties Amends Revolving Credit Facility for Sixth Time

Innovative Industrial Properties, Inc. (NYSE:IIPR), a Maryland-incorporated real estate company headquartered in Park City, Utah, disclosed through its Form 8-K filed October 27, 2026 that its operating partnership, IIP Operating Partnership, LP, entered into Amendment Number Six to its secured revolving credit facility loan agreement. The amendment was dated October 21, 2026, and was executed among IIP OP as borrower, East West Bank as agent and a lender, and other financial institutions as lenders.

According to the filing, the primary effect of the Sixth Amendment is to extend the maturity date of the loan agreement from October 23, 2026 to January 21, 2027. In connection with this extension, IIP OP paid an extension fee to the lenders. The filing states that aside from the maturity date change, all other terms of the loan agreement, including aggregate commitments, interest rate, borrowing base, and covenants, remain in full force and effect without modification.

The filing reports that as of October 21, 2026, $62.5 million in aggregate principal amount was outstanding under the loan agreement. The company noted that the full text of the Sixth Amendment is filed as Exhibit 10.1 to the Current Report and that a description of the material terms of the original loan agreement, dated October 23, 2023, was included under Item 2.03 of the company's Current Report on Form 8-K filed with the SEC on October 2, 2025. The filing also contains forward-looking statements, which the company identifies as subject to risks and uncertainties, including those discussed in its most recent Annual Report on Form 10-K for the year ended December 31, 2025.

What Was Disclosed

Innovative Industrial Properties disclosed Amendment Number Six to its secured revolving credit facility, extending the loan maturity from October 23, 2026 to January 21, 2027, with $62.5 million outstanding as of the amendment date and no changes to other loan terms.