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Innovative Industrial Properties: Funding & Investors (Sep 2026)

Innovative Industrial Properties is an internally-managed real estate investment trust.

innovativeindustrialproperties.com LinkedIn San Diego, United States 11-50 employees
Total raised
$795M
Rounds
4
Latest
Undisclosed round
Jun 2026

Innovative Industrial Properties has raised $795M across 4 funding rounds on record, the most recent an undisclosed round of $350M announced in Jun 2026.

That round is above the $3.0M median round size for Other companies tracked on FundedIQ over the last two years.

Innovative Industrial Properties Company Profile and Key Stats

Total funding raised
$795M
across 4 rounds on record
Funding rounds on record
4
Latest funding round
Undisclosed round
$350M in Jun 2026
Employees
11-50
reported band
Headquarters
San Diego, United States

Latest funding round on record: Jun 2026.

Innovative Industrial Properties Funding Rounds

Date
Round
Amount
Undisclosed round
$350M
Undisclosed round
$45.0M
Undisclosed round
$100M
Post-IPO Debt
$300M

Innovative Industrial Properties raised $300M in a Post-IPO Debt announced in Feb 2022.

3.7 years later, an undisclosed round of $100M was announced in Oct 2025.

7 months later, an undisclosed round of $45.0M was announced in May 2026.

1 month later, an undisclosed round of $350M was announced in Jun 2026.

Innovative Industrial Properties Founders and Leadership Team

Name
Role
Contact
Paul E
Founder
Locked
Paul E Smithers
Founder
Locked
Paul Smithers
CEO

Contact details for the Innovative Industrial Properties team: 1 of 3 have an email address on file, 1 has a LinkedIn profile.

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Innovative Industrial Properties Funding Compared to Other Other Startups

Segment
Companies
Median round
1,391
$3.0M
29,722
$7.5M

Innovative Industrial Properties' latest round of $350M is above the median round in Other. Medians cover the last 24 months of disclosed rounds.

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Innovative Industrial Properties Funding FAQs

What does Innovative Industrial Properties do?

Innovative Industrial Properties is an internally-managed real estate investment trust.

How much funding has Innovative Industrial Properties raised?

Innovative Industrial Properties has raised $795M across 4 rounds on record. The most recent is an undisclosed round of $350M announced in Jun 2026.

When did Innovative Industrial Properties last raise funding?

Innovative Industrial Properties' most recent funding round on record is an undisclosed round of $350M, announced in Jun 2026.

Who founded Innovative Industrial Properties?

FundedIQ lists Paul E (Founder), Paul E Smithers (Founder) at Innovative Industrial Properties.

Who is the CEO of Innovative Industrial Properties?

Paul Smithers is listed as CEO at Innovative Industrial Properties.

Where is Innovative Industrial Properties headquartered?

Innovative Industrial Properties is based in San Diego, California, United States.

How many employees does Innovative Industrial Properties have?

Innovative Industrial Properties is in the 11-50 employee band.

How does Innovative Industrial Properties' funding compare to other Other startups?

Innovative Industrial Properties' latest round of $350M is above the $3.0M median round size for Other companies on FundedIQ across 1,391 tracked companies over the last two years.

About FundedIQ's Innovative Industrial Properties Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Innovative Industrial Properties is left off this page rather than filled in.

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