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Innovative Industrial Properties to Report Second Quarter 2018 Results

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Innovative Industrial Properties, Inc. (NYSE:IIPR) announced today it
will report results for its second quarter ended June 30, 2018 after the
market closes on Friday, August 10, 2018.

Alan Gold, Executive Chairman, Paul Smithers, President and Chief
Executive Officer, and Catherine Hastings, Chief Financial Officer, will
host an investor conference at 10:00 a.m. Pacific Time on Monday, August
13, 2018, to discuss the company's financial results and operations for
the second quarter 2018.

The call will be available through a live audio webcast at the Investor
Relations section of the company's website at www.innovativeindustrialproperties.com,
or live by calling 1-877-328-5514 (domestic) or 1-412-902-6764
(international) and asking to be joined to the Innovative Industrial
Properties, Inc. conference call. The complete webcast will be archived
for 90 days on the company's website. A telephone playback of the
conference call will also be available from 12:00 p.m. Pacific
Time on Monday, August 13, 2018 until 12:00 p.m. Pacific Time on Monday,
August 20, 2018 by calling 1-877-344-7529 (domestic), 855-669-9658
(Canada) or 1-412-317-0088 (international) and using access code
10122741.

About Innovative Industrial Properties

Innovative Industrial Properties, Inc. is a self-advised Maryland
corporation focused on the acquisition, ownership and management of
specialized industrial properties leased to experienced, state-licensed
operators for their regulated medical-use cannabis facilities.
Innovative Industrial Properties intends to elect to be taxed as a real
estate investment trust. Additional information is available at www.innovativeindustrialproperties.com.

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