Exhibit 99.2

Innovative Industrial Properties Third Quarter 2022 Supplemental Financial Information

Overview Forward - Looking Statements 3 Company Overview 4 Financial Information Quarterly Performance Summary 5 Balance Sheet 6 Net Income 7 FFO, Normalized FFO, and AFFO Reconciliation 8 Historical Net Income 9 Historical FFO, Normalized FFO, and AFFO Reconciliation 10 Statements of Cash Flows 11 Portfolio Data Capital Commitments 12 Leasing Summary 13 Top Tenants Overview 14 Property List 15 – 17 Capitalization Senior Capital and Debt Summary 18 Capitalization 19 Definitions 20 – 21 Analyst Coverage 22 Senior Management Team and Board of Directors 23 Table of Contents Innovative Industrial Properties 2

Forward - Looking Statements Innovative Industrial Properties 3 This Supplemental Financial Information Package include "forward - looking statements" (within the meaning of the Private Securities Litigation Reform Act of 1995 , Section 27 A of the Securities Act of 1933 , as amended, and Section 21 E of the Securities Exchange Act of 1934 , as amended) that are subject to risks and uncertainties . In particular, statements pertaining to our capital resources, portfolio performance and results of operations contain forward - looking statements . Likewise, our statements regarding anticipated growth in our funds from operations and anticipated market and regulatory conditions, our strategic direction, our dividend rate and policy, demographics, results of operations, plans and objectives are forward - looking statements . Forward - looking statements involve numerous risks and uncertainties, and you should not rely on them as predictions of future events . Forward - looking statements depend on assumptions, data or methods which may be incorrect or imprecise, and we may not be able to realize them . We do not guarantee that the transactions and events described will happen as described (or that they will happen at all) . You can identify forward - looking statements by the use of forward - looking terminology such as "believes," "expects," "may," "will," "should," "seeks," "approximately," "intends," "plans," "estimates" or "anticipates" or the negative of these words and phrases or similar words or phrases . You can also identify forward - looking statements by discussions of strategy, plans or intentions . The following factors, among others, could cause actual results and future events to differ materially from those set forth or contemplated in the forward - looking statements : rates of default on leases for our assets, concentration of our portfolio of assets and limited number of tenants ; the estimated growth in and evolving market dynamics of the regulated cannabis market inflation dynamics ; the impact of the ongoing COVID - 19 pandemic, or future pandemics, on us, our business, our tenants, or the economy generally ; war and other hostilities, including the conflict in Ukraine ; our business and investment strategy ; our projected operating results ; actions and initiatives of the U . S . or state governments and changes to government policies and the execution and impact of these actions, initiatives and policies, including the fact that cannabis remains illegal under federal law ; availability of suitable investment opportunities in the regulated cannabis industry ; our understanding of our competition and our potential tenants’ alternative financing sources ; the demand for regulated cannabis facilities ; the expected medical - use or adult - use cannabis legalization in certain states ; shifts in public opinion regarding regulated cannabis ; the potential impact on us from litigation matters, including rising liability and insurance costs ; the additional risks that may be associated with certain of our tenants cultivating, processing and/or dispensing adult - use cannabis in our facilities ; the state of the U . S . economy generally or in specific geographic areas ; economic trends and economic recoveries ; our ability to access equity or debt capital ; financing rates for our target assets ; our expected leverage ; our level of indebtedness, which could reduce funds available for other business purposes and reduce our operational flexibility ; covenants in our debt instruments, which may limit our flexibility and adversely affect our financial condition ; our ability to maintain our investment grade credit rating ; changes in the values of our assets ; our expected portfolio of assets ; our expected investments ; interest rate mismatches between our assets and our borrowings used to fund such investments ; changes in interest rates and the market value of our assets ; the degree to which any interest rate or other hedging strategies may or may not protect us from interest rate volatility ; the impact of and changes in governmental regulations, tax law and rates, accounting guidance and similar matters ; our ability to maintain our qualification as a REIT ; our ability to maintain our exemption from registration under the Investment Company Act of 1940 ; availability of qualified personnel ; and market trends in our industry, interest rates, real estate values, the securities markets or the general economy . The risks included here are not exhaustive, and additional factors could adversely affect our business and financial performance . In addition, we discussed a number of material risks in our most recent Annual Report on Form 10 - K and subsequent Quarterly Reports on Form 10 - Q . Those risks continue to be relevant to our performance and financial condition . Moreover, we operate in a very competitive and rapidly changing environment . New risk factors emerge from time to time and it is not possible for management to predict all such risk factors, nor can it assess the impact of all such risk factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward - looking statements . Any forward - looking statement made by us speaks only of the date on which we make it . We undertake no obligation to publicly update or revise any forward - looking statements, whether as a result of new information, future events or otherwise, except as may be required by law . Stockholders and investors are cautioned not to unduly rely on such forward - looking statements when evaluating the information presented in our filings and reports . Market and industry data are included in this presentation . We have obtained substantially all of this information from internal studies, public filings, other independent published industry sources and market studies prepared by third parties . We believe these internal studies, public filings, other independent published industry sources and market studies prepared by third parties are reliable . However, this information may prove to be inaccurate . No representation or warranty is made as to the accuracy of such information . All amounts shown in this report are unaudited . This Supplemental Financial Information Package is not an offer to sell or solicitation to buy securities of Innovative Industrial Properties, Inc . Any offers to sell or solicitations to buy securities of Innovative Industrial Properties, Inc . shall be made only by means of a prospectus approved for that purpose .

Company Snapshot State Diversification (1) Pennsylvania 16.8% Massachusetts 13.0% Michigan 12.2% Illinois 12.2% California 9.5% New York 7.3% Florida 7.1% New Jersey 3.8% Maryland 3.8% Colorado 3.6% Other 10 .7% Total 100% Company Overview Innovative Industrial Properties, Inc. (NYSE “IIPR”) is an internally managed real estate investment trust (REIT) focused on the acquisition, ownership and management of specialized properties leased to experienced, state - licensed operators for their regulated cannabis facilities. Note: As of September 30, 2022, values in thousands except for share count, $/PSF, or otherwise noted. 1) Based on “Total Committed / Invested Capital”. Refer to “Definitions” for additional details. 2) Refer to “Capitalization” and “Definitions” for additional details. 3) Reflects annualized common stock dividend paid on October 14, 2022 of $1.80 per share. The decision to declare or pay dividends is in the sole discretion of our board of directors in light of conditions then existing, and there can be no assurance that a dividend will be declared or paid for any time period in any amount. 4) Refer to “Definitions” for additional details. 5) Includes approximately 1.6 million square feet under development or redevelopment. Market Capitalization (2) $2,4 75 , 67 2 Operating Portfolio (109 Properties) (4) Current Annualized Dividend ($) (3) $7.20 / share Total Rentable Square Feet (5) 8,314 Total Portfolio (4) Total Committed Invested Capital per Square Foot $27 2 Total Committed / Invested Capital (1) $2,3 36 , 62 7 % Leased 100% Total Properties 111 Weighted Average Lease Term 15.5 Years Innovative Industrial Properties 4

2022 2021 Total Revenues 3Q2022 $70,883 2Q2022 $70,511 1Q2022 $64,504 4Q2021 $58,943 3Q2021 $53,856 General and administrative expense $10,804 $8,707 $8,777 $6,450 $5,307 General and administrative expense / total revenues 15% 12% 14% 11% 10% Net income attributable to common stockholders $37,278 $39,876 $34,712 $28,292 $29,756 Net income attributable to common stockholders – diluted (“EPS”) $1.32 $1.42 $1.32 $1.14 $1.20 Funds from operations attributable to common stockholders – diluted (“FFO”) (1) $53,250 $55,177 $48,914 $42,377 $42,532 FFO per common share – diluted (1) $1.89 $1.97 $1.86 $1.61 $1.62 Normalized FFO attributable to common stockholders – diluted (“Normalized FFO”) (1) $55,391 $55,407 $49,127 $46,076 $42,532 Normalized FFO per common share – diluted (1) $1.97 $1.98 $1.87 $1.75 $1.62 Adjusted funds from operations attributable to common stockholders – diluted (“AFFO”) (1) $60,109 $60,178 $53,836 $48,570 $45,022 AFFO per common share – diluted (1) $2.13 $2.15 $2.04 $1.85 $1.71 Common stock dividend per share (2) $1.80 $1.75 $1.75 $1.50 $1.50 AFFO Payout Ratio (3) 85% 81% 86% 81% 88% Total Committed / Invested Capital (4) $2.3B $2.4B $2.1B $2.0B $1.8B % Leased – Operating Portfolio (5) 100% 100% 100% 100% 100% Rent Collection % / Quarter – Operating Portfolio (6) 93% 99% 99% 99% 100% Quarterly Performance Summary Note: Dollars in thousands except for $/share or otherwise noted. 1) Refer to “FFO, Normalized FFO, and AFFO Reconciliation” and “Definitions” for additional details. Normalized FFO and AFFO and Normalized FFO and AFFO per share have been adjusted to conform to the nine - months ended September 30, 2022 presentation to add to FFO litigation - related expenses of $119,000. 2) Reflects quarterly common stock dividend declared in the quarter. 3) Calculated by dividing the common stock dividend declared per share by AFFO per common share – diluted. 4) Dollars in billions, refer to “Definitions” for additional details. 5) Refer to “Definitions” for additional details. 6) Excludes security deposits applied in connection with Kings Garden Inc.’s defaults for nonpayment of rent on leases commencing in July 2022 and any rent attributable to San Bernardino and Cathedral City CIP properties after September 11, 2022. Refer to “Definitions” for additional details. $1.71 $1.85 $2.04 $2.15 $2.13 3 Q 20 21 4 Q 20 21 1 Q 20 22 2 Q 20 22 3 Q 20 22 AFFO (1) $1.62 $1.75 $1.87 $1.98 $1.97 3 Q 20 21 4 Q 20 21 1 Q 20 22 2 Q 20 22 3 Q 20 22 Normalized FFO (1) $53 , 856 Innovative Industrial Properties 5 $58 , 943 $64 , 504 $70 , 511 $70 , 883 3 Q 20 21 4 Q 20 21 1 Q 20 22 2 Q 20 22 3 Q 20 22 Total Revenues

September 30, December 31, (In thousands, except share and per share amounts) 2022 2021 Assets Real estate, at cost: Land $14 0,187 $12 2,386 Buildings and improvements 1,261,651 979,417 Tenant improvements 712,983 620,301 Innovative Industrial Properties 6 Construction in progress Total real estate, at cost Less accumulated depreciation 60,54 6 - 2,175,36 7 1,722,104 (124,786 ) (81,938) Net real estate held for investment 2,050,581 1,640,166 Construction loan receivable 17,698 12,916 Cash and cash equivalents 76,943 81,096 Restricted cash 1,580 5,323 Investments 239,674 324,889 Right of use office lease asset 1,831 1,068 In - place lease intangible assets, net 9,320 9,148 Other assets, net 33,107 9,996 Total assets $2,430,734 $2,084,602 Liabilities and stockholders’ equity Exchangeable Senior Notes, net $6,369 $32,232 Notes due 2026, net 294,794 293,860 Tenant improvements and construction funding payable 35,195 46,274 Accounts payable and accrued expenses 13,140 7,718 Dividends payable 50,841 38,847 Rent received in advance and tenant security deposits 61,488 52,805 Other liabilities 1,992 1,167 Total liabilities 463,819 472,903 Stockholders’ equity: Preferred stock, par value $0.001 per share, 50,000,000 shares authorized: 9.00% Series A cumulative redeemable preferred stock, $15,000 liquidation preference ($25.00 per share), 600,000 shares issued and outstanding at September 30, 2022 and December 31, 2021 14,009 14,009 Common stock, par value $0.001 per share, 50,000,000 shares authorized: 27,973,694 and 25,612,541 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively 28 26 Additional paid - in capital 2,060,936 1,672,882 Dividends in excess of earnings (108,058) (75,218) Total stockholders’ equity Total liabilities and stockholders’ equity 1,966,91 5 1,611,69 9 $2,430,73 4 $2,084,602 Balance Sheet

For the Three Months Ended For the Nine Months Ended September 30, September 30, (In thousands, except share and per share amounts) 2022 2021 2022 2021 Revenues: Rental (including tenant reimbursements) $70,345 $53,856 $20 4,454 $14 5,608 Other 538 - 1,444 - Total revenues 70,883 53,856 205,898 145,608 Expenses: Property expenses 2,823 1,365 7,232 2,617 General and administrative expense 10,804 5,307 28,288 16,511 Depreciation and amortization expense 15,900 10,891 45,001 29,571 Total expenses 29,527 17,563 80,521 48,699 Income from operations 41,356 36,293 125,377 96,909 Interest and other income 773 110 1,411 325 Interest expense (4,513) (6,309) (13,783) (11,874) Loss on exchange of Exchangeable Senior Notes - - (125) - Net income 37,616 30,094 112,880 85,360 Preferred stock dividends (338) (338) (1,014) (1,014) Net income attributable to common stockholders $37,278 $29,756 $11 1,866 $84,346 Net income attributable to common stockholders per share: Basic $1.33 $1.24 $4.10 $3.51 Diluted $1.32 $1.20 $4.06 $3.41 Weighted - average shares outstanding: Basic 27,938,568 23,890,537 27,144,953 23,889,903 Diluted 28,157,934 26,260,704 27,496,151 26,257,504 Innovative Industrial Properties 7 Net Income

For the Three Months Ended For the Nine Months Ended September 30, September 30, (In thousands, except share and per share amounts) 2022 2021 2022 2021 Net income attributable to common stockholders $37,278 $29,756 $11 1,866 $84,346 Real estate depreciation and amortization 15,900 10,891 45,001 29,571 FFO attributable to common stockholders (basic) 53,178 40,647 156,867 113,917 Cash and non - cash interest expense on Exchangeable Senior Notes 72 1,885 474 5,636 FFO attributable to common stockholders (diluted) 53,250 42,532 157,341 119,553 Acquisition - related expense 15 - 110 19 Financing expense 14 - 118 - Litigation related expense 2,112 - 2,231 - Loss on exchange of Exchangeable Senior Notes - - 125 - Normalized FFO attributable to common stockholders (diluted) 55,391 42,532 159,925 119,572 Stock - based compensation 4,379 2,191 13,195 6,424 Non - cash interest expense 316 299 934 417 Above - market lease amortization 23 - 69 - AFFO attributable to common stockholders (diluted) $60,109 $45,022 $17 4,123 $126,413 FFO per common share – diluted $1.89 $1.62 $5.72 $4.55 Normalized FFO per common share – diluted $1.97 $1.62 $5.82 $4.55 AFFO per common share – diluted $2.13 $1.71 $6.33 $4.81 Weighted average common shares outstanding – basic 27,938,568 23,890,537 27,144,953 23,889,903 Restricted stock and restricted stock units ("RSUs") 118,567 98,093 115,445 95,527 Performance share unitis ("PSUs") - 78,582 - 78,582 Dilutive effect of Exchangeable Senior Notes 100,799 2,193,492 235,753 2,193,492 Weighted average common shares outstanding – diluted 28,157,934 26,260,704 27,496,151 26,257,504 Innovative Industrial Properties 8 FFO, Normalized FFO, and AFFO Reconciliation

(In thousands, except share and per share amounts) 2022 2021 3Q2022 2Q2022 1Q2022 4Q2021 3Q2021 Innovative Industrial Properties 9 Revenues: Rental (including tenant reimbursements) $70,345 $69,995 $64,114 $58,943 $53,856 Other 538 516 390 - - Total revenues 70,883 70,511 64,504 58,943 53,856 Expenses: Property expenses 2,823 2,427 1,982 1,826 1,365 General and administrative expense 10,804 8,707 8,777 6,450 5,307 Depreciation and amortization expense 15,900 15,233 13,868 12,205 10,891 Total expenses 29,527 26,367 24,627 20,481 17,563 Income from operations 41,356 44,144 39,877 38,462 36,293 Interest and other income 773 581 57 72 110 Interest expense (4,513) (4,504) (4,766) (6,212) (6,309) Loss on exchange of Exchangeable Senior Notes - (7) (118) (3,692) - Net income 37,616 40,214 35,050 28,630 30,094 Preferred stock dividends (338) (338) (338) (338) (338) Net income attributable to common stockholders $37,278 $39,876 $34,712 $28,292 $29,756 Net income attributable to common stockholders per share: Basic $1.33 $1.42 $1.35 $1.18 $1.24 Diluted $1.32 $1.42 $1.32 $1.14 $1.20 Weighted - average shares outstanding: Basic 27,938,568 27,850,561 25,620,253 23,941,930 23,890,537 Diluted 28,157,934 28,036,690 26,340,224 26,263,585 26,260,704 Historical Net Income

(In thousands, except share and per share amounts) 2022 2021 3Q2022 2Q2022 1Q2022 4Q2021 3Q2021 Innovative Industrial Properties 10 Net income attributable to common stockholders $37,278 $39,876 $34,712 $28,292 $29,756 Real estate depreciation and amortization 15,900 15,233 13,868 12,205 10,891 FFO attributable to common stockholders (basic) 53,178 55,109 48,580 40,497 40,647 Cash and non - cash interest expense on Exchangeable Senior Notes 72 68 334 1,880 1,885 FFO attributable to common stockholders (diluted) 53,250 55,177 48,914 42,377 42,532 Acquisition - related expense 15 - 95 7 - Financing expense 14 104 - - - Litigation related expense 2,112 119 - - - Loss on exchange of Exchangeable Senior Notes - 7 118 3,692 - Normalized FFO attributable to common stockholders (diluted) 55,391 55,407 49,127 46,076 42,532 Stock - based compensation 4,379 4,437 4,379 2,192 2,191 Non - cash interest expense 316 311 307 298 299 Above - market lease amortization 23 23 23 4 - AFFO attributable to common stockholders (diluted) $60,109 $60,178 $53,836 $48,570 $45,022 FFO per common share – diluted $1.89 $1.97 $1.86 $1.61 $1.62 Normalized FFO per common share – diluted $1.97 $1.98 $1.87 $1.75 $1.62 AFFO per common share – diluted $2.13 $2.15 $2.04 $1.85 $1.71 Weighted average common shares outstanding – basic 27,938,568 27,850,561 25,620,253 23,941,930 23,890,537 Restricted stock and RSUs 118,567 82,387 110,457 98,093 98,093 PSUs - - 102,333 81,414 78,582 Dilutive effect of Exchangeable Senior Notes 100,799 103,742 507,181 2,142,148 2,193,492 Weighted average common shares outstanding – diluted 28,157,934 28,036,690 26,340,224 26,263,585 26,260,704 Historical FFO, Normalized FFO, and AFFO Reconciliation Note: Normalized FFO and AFFO and Normalized FFO and AFFO per share have been adjusted to conform to the nine - months ended September 30, 2022 presentation to add to FFO litigation - related expenses of $119,000.

For the Nine Months Ended September 30, (In thousands) 2022 2021 Cash flows from operating activities Net income $11 2,880 $85,360 Adjustments to reconcile net income to net cash provided by operating activities Depreciation and amortization 45,001 29,571 Loss on exchange of Exchangeable Senior Notes 125 - Other non - cash adjustments 158 97 Stock - based compensation 13,195 6,424 Amortization of discounts on short - term investments (1,068) (283) Amortization of debt discount and issuance costs 1,017 2,011 Changes in assets and liabilities Other assets, net (6,555) (3,598) Accounts payable, accrued expenses and other liabilities 5,339 4,308 Rent received in advance and tenant security deposits 8,683 17,069 Net cash provided by operating activities 178,775 140,959 Cash flows from investing activities Purchases of investments in real estate (150,090) (130,853) Funding of draws for tenant improvements and construction (316,469) (254,182) Funding of construction loan and other investments (21,360) (12,077) Deposits in escrow for acquisitions (100) (1,500) Purchases of short - term investments (278,717) (499,862) Maturities of short - term investments 365,000 565,000 Net cash used in investing activities (401,736) (333,474) Cash flows from financing activities Issuance of common stock, net of offering costs 351,960 - Gross proceeds from issuance of Notes due 2026 - 300,000 Payment of deferred financing costs from issuance of Notes due 2026 - (6,824) Dividends paid to common stockholders (133,440) (94,971) Dividends paid to preferred stockholders (1,014) (1,014) Taxes paid related to net share settlement of equity awards (2,441) (3,384) Net cash provided by financing activities 215,065 193,807 Net (decrease) increase in cash, cash equivalents and restricted cash (7,896) 1,292 Cash, cash equivalents and restricted cash, beginning of period 86,419 126,006 Cash, cash equivalents and restricted cash, end of period $78,523 $127,298 Supplemental disclosure of cash flow information: Cash paid during the period for interest $8,997 $5,391 Supplemental disclosure of non - cash investing and financing activities: Accrual for draws for tenant improvements and construction funding $35,195 $61,674 Deposits applied for acquisitions 25 200 Accrual for common and preferred stock dividends declared 50,841 36,321 Exchange of Exchangeable Senior Notes for common stock 26,682 - Operating lease liability for obtaining right of use asset 1,017 - Innovative Industrial Properties 11 Statements of Cash Flows

R e ntab le Current Quarter Purchase Additional Ex i st i n g Total Total State Closing / Execution Square Feet Pri c e ( 1) C o mmi tmen t In v e stment ( 1) In v e stmen t Investment / PSF (2) Acquisitions Massachusetts Sep - 22 104 $21 , 50 0 - - $21 , 50 0 $207 Totals / Wtd. Avg. 104 $21,500 - - $21,500 $207 Capital Commitments Third Quarter Capital Commitments Two Year Capital Commitment History 4Q2020 1Q2021 2Q2021 3Q2021 Note: Values in thousands except for $/PSF. 1) Excludes transaction costs. 2) Calculated as IIP’s total investment divided by the rentable square feet. 3) Excludes changes in future commitments to fund improvements for Construction in Progress properties. $83,375 $114,675 $131,850 $164,315 $132,657 $66,908 $92,238 $21,500 $65,525 $20,395 $45,100 $43,000 $43,400 $40,800 $147,161 - $ 1 4 8 ,9 0 0 $ 1 3 5 ,0 7 0 $1 7 6,9 5 0 $2 0 7,3 1 5 $1 7 6,0 5 7 $1 0 7,7 0 8 $2 3 9,3 9 9 $2 1 ,500 4Q2021 1Q2022 2Q2022 3Q2022(3) Acquisitions Amendments Innovative Industrial Properties 12

Note: Square footage and dollars in thousands. 1) As a % of annualized base rent for Operating Portfolio. See “Definitions” for additional details. Excludes properties that Kings Garden continues to occupy pursuant to confidential, conditional settlement agreement reported by IIP on its current report on Leasing Summary - - - - - - - 1% 2% 2% 95% 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 Thereafter # of Rentable Square Feet Annualized Base Rent Year Leases # % $ % 2022 - - - - - 2023 - - - - - 2024 - - - - - 2025 - - - - - 2026 - - - - - 2027 - - - - - 2028 - - - - - 2029 1 120 1% $1,984 1% 2030 2 153 2% $5,486 2% 2031 6 183 2% $5,374 2% Therafter 96 7,686 95% 249,997 95% Total 105 8,142 100% $262,841 100% Lease Expiration Schedule as of September 30, 2022 (1) No Expiring Leases Until 2029 Form 8 - K filed with the SEC on September 16, 2022. Innovative Industrial Properties 13

Top Tenants Overview 1) Total Portfolio representation. Dollars in thousands, see “Definitions” for additional details. 2) Square feet in thousands. 3) Dollars in millions, based on each company’s public securities filings and earnings release, available at www.sec.gov, www.sedar.com, or each company’s respective website, for the quarter ended June 30, 2022. 4) Adjusted EBITDA is a non - GAAP financial measure utilized in the industry. For definitions and reconciliations of Adjusted EBITDA to net income, see each company’s public securities filings, available at www.sec.gov or www.sedar.com. 5) Dollars in millions, per S&P Capital IQ Pro as of 09/30/2022. 6) “MSO” means the tenant (or guarantor) conducts cannabis operations in more than one state. “SSO” means the tenant (or guarantor) conducts cannabis operations in a single state. 7) See IIP’s current report on Form 8 - K filed with the SEC on September 16, 2022 for more information. Innovative Industrial Properties 14

Industria l 1 PharmaCann New York Hamptonburgh 12/19/2016 100% 74 151 225 $61,043 $47,457 $108,500 $482 2 PharmaCann Michigan Warren 10/9/2019 100% 205 - 205 83,045 550 83,595 408 3 PharmaCann Massachusetts Holliston 5/31/2018 100% 58 - 58 30,500 - 30,500 526 4 PharmaCann Illinois Dwight 10/30/2019 100% 66 - 66 28,000 - 28,000 424 5 PharmaCann Pennsylvania Scott Township 8/7/2019 100% 56 - 56 28,000 - 28,000 500 6 PharmaCann Ohio Buckeye Lake Village 3/13/2019 100% 58 - 58 20,000 - 20,000 345 7 Parallel Pennsylvania Pittsburgh 5/13/2021 100% 209 30 239 67,750 - 67,750 283 8 Parallel Florida Lakeland 9/18/2020 100% 65 155 220 56,400 - 56,400 256 9 Parallel Florida Wimauma 3/11/2020 100% 373 - 373 51,500 - 51,500 138 10 Ascend Wellness (AWH) Illinois Barry 12/21/2018 100% 166 - 166 71,000 - 71,000 428 11 Ascend Wellness (AWH) Massachusetts Athol 4/2/2020 100% 199 - 199 63,900 - 63,900 321 12 Ascend Wellness (AWH) New Jersey Franklin 2/10/2022 100% 80 34 114 39,500 500 40,000 351 13 Ascend Wellness (AWH) Michigan Lansing 7/2/2019 100% 145 - 145 24,150 - 24,150 167 14 Green Thumb Industries Pennsylvania Danville 11/12/2019 100% 300 - 300 94,600 - 94,600 315 15 Green Thumb Industries Illinois Oglesby 3/6/2020 100% 208 - 208 50,000 - 50,000 240 16 Green Thumb Industries Ohio Toledo 1/31/2020 100% 98 - 98 32,200 - 32,200 329 17 Curaleaf Pennsylvania Chambersburg 12/20/2019 100% 74 105 179 41,554 20,086 61,640 344 18 Curaleaf Illinois Litchfield 10/30/2019 100% 127 - 127 40,000 - 40,000 315 19 Curaleaf New Jersey Blue Anchor 7/13/2020 100% 123 - 123 35,000 - 35,000 285 20 Curaleaf Massachusetts Webster 9/1/2022 100% 104 - 104 21,500 - 21,500 207 21 Curaleaf North Dakota Fargo 12/20/2019 100% 33 - 33 12,190 - 12,190 369 22 Columbia Care Pennsylvania Saxton 5/20/2019 100% 127 143 270 42,891 109 43,000 159 23 Columbia Care Virginia Richmond 1/15/2020 100% 82 - 82 19,750 - 19,750 241 24 Columbia Care New Jersey Vineland 7/16/2020 100% 50 - 50 11,820 - 11,820 236 25 Columbia Care Colorado Denver 10/30/2018 100% 58 - 58 11,250 - 11,250 194 26 Columbia Care Colorado Denver 12/14/2021 100% 18 - 18 9,917 - 9,917 551 27 Columbia Care Colorado Denver 12/14/2021 100% 12 - 12 3,276 - 3,276 273 28 Trulieve Massachusetts Holyoke 7/26/2019 100% 150 - 150 43,500 - 43,500 290 29 Trulieve Florida Alachua 1/22/2021 100% 295 - 295 41,650 - 41,650 141 30 Trulieve Maryland Hancock 8/13/2021 100% 115 - 115 28,539 976 29,515 257 31 Trulieve Florida Quincy 10/23/2019 100% 120 - 120 17,000 - 17,000 142 32 Trulieve* Nevada Las Vegas 7/12/2019 100% 43 - 43 9,600 - 9,600 223 33 Trulieve Arizona Cottonwood 4/27/2022 100% 17 - 17 5,238 - 5,238 308 34 Cresco Labs Michigan Marshall 4/22/2020 100% 115 - 115 32,000 - 32,000 278 35 Cresco Labs Illinois Kankakee 10/22/2019 100% 51 - 51 25,496 104 25,600 502 36 Cresco Labs Illinois Joliet 10/22/2019 100% 39 - 39 20,950 - 20,950 537 37 Cresco Labs Ohio Yellow Springs 1/24/2020 100% 50 - 50 12,448 1,097 13,545 271 38 Holistic Industries Maryland Capitol Heights 5/26/2017 100% 72 - 72 33,719 31 33,750 469 39 Holistic Industries Pennsylvania New Castle 6/10/2020 100% 108 - 108 23,192 2,458 25,650 238 40 Holistic Industries Massachusetts Monson 7/12/2018 100% 55 - 55 17,750 - 17,750 323 41 4Front Ventures Illinois Matteson 8/3/2021 100% - 250 250 37,727 12,523 50,250 201 42 4Front Ventures Washington Olympia 12/17/2020 100% 114 - 114 17,500 - 17,500 154 43 4Front Ventures Massachusetts Holliston 1/28/2022 100% 57 - 57 16,000 - 16,000 281 44 4Front Ventures Massachusetts Georgetown 12/17/2020 100% 67 - 67 15,500 - 15,500 231 45 Green Peak (Skymint) Michigan Windsor 4/16/2021 100% 97 104 201 39,575 23,425 63,000 313 46 Green Peak (Skymint) Michigan Dimondale 8/2/2018 100% 56 - 56 15,799 - 15,799 282 47 Goodness Growth (f/k/a Vireo Health) New York Perth 10/23/2017 100% 40 324 364 45,991 17,069 63,060 173 48 Goodness Growth (f/k/a Vireo Health) Minnesota Otsego 11/8/2017 100% 89 - 89 9,710 - 9,710 109 # Tenant Square Feet Invested / Committed Capital $ State City Date Acq u i red % Leas ed In Place (1) Under Dev. / Redev. (2) Total Invested Committed Total $ Total $ / Square Feet Note: Subtotals and Totals include fractional amounts. Square footage and dollars in thousands except for $/PSF. “Industrial” reflects facilities utilized or expected to be utilized for regulated cannabis cultivation, processing and/or distribution activities, which can consist of industrial and/or greenhouse space. *The transfer of the license was completed to a subsidiary of Harvest Health & Recreation Inc. (“Harvest”), which is a subsidiary of Trulieve Inc. Harvest executed a lease guaranty in favor of IIP for tenant’s obligations at the property. 1) Existing square footage for properties where there is no active development or redevelopment. 2) Estimated square footage upon completion of development or redevelopment. Innovative Industrial Properties 15 Property List

Square Feet Invested / Committed Capital $ Date % Under Dev. Total $ / # Tenant State City Acq u i red Leas ed In Place (1) / Redev. (2) Total Inve st ed Comm i tted Total $ Square Feet 49 Gold Flora California Desert Hot Springs 10/15/2021 100% 131 70 201 $59,850 $150 $60,000 $299 50 Jushi Pennsylvania Scranton 4/6/2018 100% 132 20 152 45,800 - 45,800 301 51 Kings Garden California North Palm Springs 5/12/2020 100% 70 - 70 17,500 - 17,500 250 52 Kings Garden California Palm Springs 4/16/2019 100% 56 - 56 15,000 - 15,000 268 53 Kings Garden California Palm Springs 4/16/2019 100% 24 - 24 6,309 - 6,309 263 54 Kings Garden California Palm Springs 4/16/2019 100% 22 - 22 5,788 - 5,788 263 55 Calyx Peak Missouri Smithville 9/17/2021 100% 83 - 83 27,721 529 28,250 340 56 Temescal Wellness Massachusetts North Adams 5/26/2021 100% - 71 71 24,509 2,291 26,800 377 57 Maryland Cultivation Processing (MCP) Maryland Hagerstown 4/13/2022 100% 84 - 84 25,000 - 25,000 298 58 The Pharm Arizona Willcox 12/15/2017 100% 358 - 358 20,000 - 20,000 56 59 Maitri Pennsylvania Pittsburgh 4/24/2019 100% 51 - 51 22,250 - 22,250 436 60 Texas Original Texas Bastrop 6/14/2022 100% - 85 85 13,586 8,414 22,000 259 61 Medical Investor Holdings (Vertical) California Needles 9/11/2019 100% 46 - 46 10,100 - 10,100 220 62 Medical Investor Holdings (Vertical) California Needles 8/29/2019 100% 20 - 20 4,841 - 4,841 242 63 Medical Investor Holdings (Vertical) California Needles 8/29/2019 100% 7 - 7 1,471 - 1,471 210 64 Medical Investor Holdings (Vertical) California Needles 8/29/2019 100% 6 - 6 888 - 888 148 65 Sacramento CA (Undisclosed Tenant) California Sacramento 2/8/2019 100% 43 - 43 12,710 - 12,710 296 66 Emerald Growth Michigan Harrison Township 6/7/2019 100% 45 - 45 10,000 - 10,000 222 67 AYR Wellness Ohio Akron 5/14/2019 100% 11 - 11 3,550 - 3,550 323 Industrial Subtotal / Wtd. Avg. 100% 6,107 1,542 7,649 $1,886,495 $137,767 $2,024,262 $265 Retai l 68 PharmaCann Colorado Commerce City 2/21/2020 100% 5 - 5 $2,300 - $2,300 $460 69 PharmaCann Colorado Aurora 12/14/2021 100% 2 - 2 1,558 116 1,674 837 70 PharmaCann Colorado Berthoud 12/14/2021 100% 6 - 6 1,307 99 1,406 234 71 PharmaCann Colorado Mancos 12/14/2021 100% 4 - 4 1,148 - 1,148 287 72 PharmaCann Colorado Pueblo 2/19/2020 100% 3 - 3 1,049 - 1,049 350 73 Curaleaf North Dakota Dickinson 12/14/2021 100% 5 - 5 2,045 - 2,045 409 74 Curaleaf North Dakota Devils Lake 12/14/2021 100% 4 - 4 1,614 - 1,614 404 75 Curaleaf Pennsylvania Bradford 12/14/2021 100% 3 - 3 1,058 - 1,058 353 76 Columbia Care Colorado Denver 12/14/2021 100% 4 - 4 7,338 - 7,338 1,834 77 Columbia Care Colorado Pueblo 12/14/2021 100% 6 - 6 4,878 - 4,878 813 78 Columbia Care Colorado Aurora 12/14/2021 100% 5 - 5 4,229 - 4,229 846 79 Columbia Care Colorado Glenwood Springs 12/14/2021 100% 4 - 4 4,187 - 4,187 1,047 80 Columbia Care Colorado Fort Collins 12/14/2021 100% 5 - 5 3,977 - 3,977 795 81 Columbia Care Colorado Aurora 12/14/2021 100% 4 - 4 3,601 - 3,601 900 82 Columbia Care New Jersey Vineland 7/16/2020 100% 4 - 4 2,165 - 2,165 541 83 Columbia Care Colorado Aurora 12/14/2021 100% 5 - 5 1,991 - 1,991 398 84 Columbia Care Colorado Englewood 12/14/2021 100% 4 - 4 1,778 - 1,778 445 85 Columbia Care Colorado Trinidad 12/14/2021 100% 9 - 9 1,728 - 1,728 192 86 Columbia Care Colorado Silver Plume 12/14/2021 100% 4 - 4 1,444 - 1,444 361 87 Columbia Care Colorado Black Hawk 12/14/2021 100% 4 - 4 1,321 - 1,321 330 88 Columbia Care Colorado Edgewater 12/14/2021 100% 5 - 5 1,089 - 1,089 218 89 Columbia Care Colorado Sheridan 12/14/2021 100% 2 - 2 890 - 890 445 90 Green Peak (Skymint) Michigan East Lansing 10/25/2019 100% 3 - 3 3,372 28 3,400 1,133 91 Green Peak (Skymint) Michigan Lansing 11/4/2019 100% 14 - 14 2,225 - 2,225 159 92 Green Peak (Skymint) Michigan Flint 11/4/2019 100% 6 - 6 2,180 - 2,180 363 93 Green Peak (Skymint) Michigan Bay City 11/4/2019 100% 4 - 4 1,740 - 1,740 435 94 Green Peak (Skymint) Michigan Traverse City 11/25/2019 100% 2 - 2 1,272 - 1,272 636 95 Green Peak (Skymint) Michigan Newaygo 11/8/2019 100% 2 - 2 995 - 995 498 Innovative Industrial Properties 16 Property List (Continued) Note: Subtotals and Totals include fractional amounts. Square footage and dollars in thousands except for $/PSF. “Industrial” reflects facilities utilized or expected to be utilized for regulated cannabis cultivation, processing and/or distribution activities, which can consist of industrial and/or greenhouse space. 1) Existing square footage for properties where there is no active development or redevelopment. 2) Estimated square footage upon completion of development or redevelopment.

Date % Square Feet Under Dev. Invested / Commit ted Capital $ # Tenant State City Acq u i red Leas ed In Place (1) / Redev. (2) Total Inve st ed Comm i tted Total $ 96 The Pharm Arizona Phoenix 9/19/2019 100% 2 - 2 $2,500 - $2,500 97 Schwazze Colorado Ordway 12/14/2021 100% 2 - 2 400 - 400 98 Schwazze Colorado Rocky Ford 12/14/2021 100% 13 - 13 400 - 400 99 Schwazze Colorado Las Animas 12/14/2021 100% 2 - 2 400 - 400 100 Verano Pennsylvania Harrisburg 3/23/2022 100% 3 - 3 2,750 - 2,750 Retail Subtotal / Wtd. Avg. 100% 150 - 150 $70,927 $242 $71,170 Industrial / Retai l 101 Parallel Texas San Marcos 3/10/2021 100% - 63 63 $8,231 $19,169 $27,400 102 Columbia Care Colorado Denver 12/14/2021 100% 33 - 33 8,206 - 8,206 103 Cresco Labs Massachusetts Fall River 6/30/2020 100% 99 19 118 24,806 3,944 28,750 104 Holistic Industries Michigan Madison Heights 9/1/2020 100% 63 - 63 27,934 566 28,500 105 Holistic Industries California Los Angeles 7/23/2019 100% 35 - 35 13,977 273 14,250 106 TILT Holdings Massachusetts Taunton 5/16/2022 100% 104 - 104 40,000 - 40,000 107 Sozo Michigan Warren 5/14/2021 100% 85 - 85 16,864 366 17,230 108 Schwazze Colorado Pueblo 12/14/2021 100% 8 - 8 2,165 - 2,165 109 Kaya Cannabis Colorado Denver 12/14/2021 100% 6 - 6 1,299 - 1,299 Industrial / Retail Subtotal / Wtd. Avg. 100% 433 82 515 $143,482 $24,318 $167,800 Operating Portfolio Total / Wtd. Avg. 100% 6,690 1,624 8,314 $2,100,904 $162,328 $2,263,232 Construction In Progress (3) 110 Under Development California San Bernardino 11/16/2020 - - 192 192 $43,750 - $43,750 111 Under Development California Cathedral City 3/25/2022 - - 23 23 8,158 - 8,158 (4) Under Development California Palm Springs 4/16/2019 - - 180 180 21,488 - 21,488 Construction In Progress Subtotal / Wtd. Avg. - - 395 395 $73,395 - $73,395 Total Portfolio / Wtd. Avg. 97% 6,690 2,019 8,709 $2,174,299 $162,328 $2,336,627 State Subtotal / Wtd. Avg . 1 Pennsylvania 100% 1,063 298 1,361 $369,844 $22,653 $392,497 2 Massa chusetts 100% 893 90 983 $297,965 $6,235 $304,200 3 Michigan 100% 842 104 946 $261,152 $24,934 $286,086 4 Illinois 100% 657 250 907 $273,173 $12,627 $285,800 5 California 67% 460 465 925 $221,829 $423 $222,252 6 New York 100% 114 475 589 $107,034 $64,526 $171,560 7 Florida 100% 853 155 1,008 $166,550 - $166,550 8 New Jersey 100% 257 34 291 $88,485 $500 $88,985 9 Maryland 100% 271 - 271 $87,258 $1,007 $88,265 10 Colorado 100% 233 - 233 $83,125 $215 $83,340 11 Ohio 100% 217 - 217 $68,198 $1,097 $69,295 12 Texas 100% - 148 148 $21,817 $27,583 $49,400 13 Missouri 100% 83 - 83 $27,721 $529 $28,250 14 Arizona 100% 377 - 377 $27,737 - $27,737 15 Virginia 100% 82 - 82 $19,750 - $19,750 16 Washington 100% 114 - 114 $17,500 - $17,500 17 North Dakota 100% 42 - 42 $15,849 - $15,849 18 Minnesota 100% 89 - 89 $9,710 - $9,710 19 Nevada 100% 43 - 43 $9,600 - $9,600 Innovative Industrial Properties 17 Property List (Continued) Note: Subtotals and Totals include fractional amounts. Square footage and dollars in thousands except for $/PSF. “Industrial” reflects facilities utilized or expected to be utilized for regulated cannabis cultivation, processing and/or distribution activities, which can consist of industrial and/or greenhouse space. 1) Existing square footage for properties where there is no active development or redevelopment. 2) Estimated square footage upon completion of development or redevelopment. 3) Refer to “Definitions” for additional details. 4) Represents parcel under development that is part of the lease with Kings Garden (#52, Kings Garden – Palm Springs). See IIP’s current report on Form 8 - K filed with the SEC on September 16, 2022 for more information.

Quarter End September 30, 2022 Interest Rate / Preferred Rate / Wtd . Avg . R (In thousands, except share and per share amounts) Unsecured debt: Exchangeable Senior Notes Notes Due 2026 Total Unsecured Debt Gross Debt Series A Preferred Stock: Redemption price per share Shares outstanding Total Preferred Equity Total S $6,4 Debt Maturity Schedule Senior Capital and Debt Summary - - $6.4 Million - $300.0 Million 2022 2023 2024 2025 2026 Exchangeable Senior Notes Notes Due 2026 Senior Capital Overview Innovative Industrial Properties 18

Qu Sept Innovative Industrial Properties 19 Cash and Investments Cash and cash equivalents Restricted cash Investments Cash and Investments Cash Not Available for Investment: Short term liabilities (1) Tenant improvements and construction funding payable (2) Tenant security deposits Construction commitments (1) Construction loan commitments (1) Cash Not Available for Investment Cash Available for Investment Senior Capital: Gross Debt Total Preferred Equity Total Senior Capital (3) Equity Market Capitalization: Stock Price as of 09/30/2022 Shares outstanding Equity Market Capitalization Debt / Total Gross Assets Secured Debt Unencumbered Debt Serv Ega Note: Dollars in thousands, except for $/share. 1) Refer to “Definitions” for additional details. 2) As reported on the company’s quarterly filing for the particular period. 3) See “Senior Capital and Debt Summary” for details. 4) Calculated in accordance with the indenture governing the Notes due 2026, included in the Current Report on Form 8 - K filed with the Securities and Exchange Commission on May 25, 2021. Capitalization

Definitions Innovative Industrial Properties 20 • Adjusted Funds From Operations (“AFFO”): Management believes that AFFO and AFFO per share are appropriate supplemental measures of a REIT’s operating performance. We calculate AFFO by adjusting Normalized FFO for certain non - cash items. • Annualized Base Rent (“ABR”): ABR is calculated by multiplying rental payments (defined as the contractually due base rents and property management fees for the last month in the quarter), by twelve. • Cash and Investments: Calculated as cash and cash equivalents, restricted cash, and investments (each as reported on the company’s condensed consolidated balance sheets for the particular period). • Construction Commitments: Calculated as remaining contractual commitments to fund draws to tenants and sellers related to development and redevelopment activities at properties. • Construction in Progress (“CIP”) : Defined as non - operating assets under development that are not leased and not ready for their intended use . Note that CIP as defined for purposes of this Supplemental Financial Information Package is different than “construction in progress” as reported on the company’s condensed consolidated balance sheets for the particular period . • Construction Loan Commitments: Calculated as the remaining amount that may be funded pursuant to a construction loan agreement with a developer executed in June 2021, pursuant to which we agreed to lend up to $18.5 million for the development of a regulated cannabis cultivation and processing facility in California. • Exchangeable Senior Notes: 3.75% Exchangeable Senior Notes due 2024. • Funds From Operations (“FFO”): FFO and FFO per share are operating performance measures adopted by the National Association of Real Estate Investment Trusts, Inc. (“NAREIT”). NAREIT defines FFO as the most commonly accepted and reported measure of a REIT’s operating performance equal to net income (computed in accordance with GAAP), excluding gains (or losses) from sales of property, depreciation, amortization and impairment related to real estate properties, and after adjustments for unconsolidated partnerships and joint ventures. Management believes that net income, as defined by GAAP, is the most appropriate earnings measurement. However, management believes FFO and FFO per share to be supplemental measures of a REIT’s performance because they provide an understanding of the operating performance of our properties without giving effect to certain significant non - cash items, primarily depreciation expense. Historical cost accounting for real estate assets in accordance with GAAP assumes that the value of real estate assets diminishes predictably over time. However, real estate values instead have historically risen or fallen with market conditions. We believe that by excluding the effect of depreciation, FFO and FFO per share can facilitate comparisons of operating performance between periods. We report FFO and FFO per share because these measures are observed by management to also be the predominant measures used by the REIT industry and by industry analysts to evaluate REITs and because FFO per share is consistently reported, discussed, and compared by research analysts in their notes and publications about REITs. For these reasons, management has deemed it appropriate to disclose and discuss FFO and FFO per share. • GAAP: Accounting principles generally accepted in the United States.

Definitions (Continued) Innovative Industrial Properties 21 • Gross Debt: Calculated as the sum of the principal amount outstanding of the Notes due 2026 and Exchangeable Senior Notes. • Operating Portfolio: All properties that (a) are leased or (b) are not leased but ready for their intended use. • Normalized Funds From Operations (“Normalized FFO”): We compute normalized funds from operations (“Normalized FFO”) by adjusting FFO, as defined by NAREIT, to exclude certain GAAP income and expense amounts that we believe are infrequent and unusual in nature and/or not related to our core real estate operations. Exclusion of these items from similar FFO - type metrics is common within the equity REIT industry, and management believes that presentation of Normalized FFO and Normalized FFO per share provides investors with a metric to assist in their evaluation of our operating performance across multiple periods and in comparison to the operating performance of other companies, because it removes the effect of unusual items that are not expected to impact our operating performance on an ongoing basis. Normalized FFO is used by management in evaluating the performance of our core business operations. Items included in calculating FFO that may be excluded in calculating Normalized FFO include certain transaction - related gains, losses, income or expense or other non - core amounts as they occur. • Notes due 2026: 5.50% Unsecured Senior Notes due 2026. • Rent Collection: Calculated as actual base rent and property management fees collected over contractual billed base rent and property management fees. Excludes security deposits applied as a result of Kings Garden lease defaults commencing in July 2022, and San Bernardino and Cathedral City CIP properties commencing on and after September 11, 2022. • Series A Preferred: 9.00% Series A Cumulative Redeemable Preferred Stock, $0.001 par value per share. • Short - Term Liabilities: Calculated as dividends payable, accounts payable and accrued expenses (each as reported on the company’s condensed consolidated balance sheets for the particular period). • Total Committed / Invested Capital: Includes (1) total investments in properties (consisting of purchase price and construction funding and improvements reimbursed to tenants, if any, but excluding transaction costs) and (2) total additional commitments to reimburse certain tenants and sellers for completion of construction and improvements at the properties. Excludes an $18.5 million commitment from us to a developer for construction of a regulated cannabis cultivation and processing facility in California. • Total Portfolio: All properties, including CIP and operating portfolio, as of quarter end. • Total Preferred Equity: Calculated by multiplying the total Series A Preferred shares outstanding by the $25 redemption price per share. • Total Senior Capital: Calculated as the sum of Gross Debt and the redemption value of the Series A Preferred Stock. • % Leased: The weighted average percentage of the Operating Portfolio, which excludes CIP, that is currently leased.

Analyst Coverage Innovative Industrial Properties 22 Analyst Research Firms Contact Information Tom Catherwood BTIG Email: tcatherwood@btig.com Phone: 212 - 738 - 6140 Merrill Ross Compass Point Research and Trading Email: mross@compasspointllc.com Phone: 202 - 534 - 1392 Eric Des Lauriers Craig - Hallum Capital Group LLC Email: eric.deslauriers@craig - hallum.com Phone: 617 - 275 - 5177 Aaron Hecht JMP Securities Email: ahecht@jmpsecurities.com Phone: 415 - 835 - 3963 John Massocca Ladenburg Thalmann Email: jmassocca@ladenburg.com Phone: 212 - 409 - 2543 Alexander Goldfarb Piper Sandler Email: alexander.goldfarb@psc.com Phone: 212 - 466 - 7937 Scott Fortune Roth Capital Partners Email: sfortune@roth.com Phone: 949 - 720 - 7163 Investor Relations Email: ir@iipreit.com Phone: 858 - 997 - 3332

Senior Management Team and Board of Directors Innovative Industrial Properties 23 Senior Management Name Title Alan Gold Executive Chairman Paul Smithers President, Chief Executive Officer and Director Catherine Hastings Chief Financial Officer and Treasurer Brian Wolfe Vice President, General Counsel and Secretary Ben Regin Vice President, Investments Andy Bui Vice President, Chief Accounting Officer Tracie Hager Vice President, Asset Management Kelly Spicher Vice President, Real Estate Counsel Board of Directors Name Title Alan Gold Executive Chairman Paul Smithers President, Chief Executive Officer and Director Gary Kreitzer Vice Chairman (Independent) David Stecher Director (Independent) Scott Shoemaker, MD Director (Independent) Mary Allis Curran Director (Independent)