Segall Bryant & Hamill LLC Buys Stake in Innovative Industrial Properties

The institutional investor acquired over 47,000 shares of the cannabis-focused REIT in Q3 2025.

Published on Mar. 6, 2026

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Segall Bryant & Hamill LLC, an institutional investor, acquired a new position in Innovative Industrial Properties, Inc. (NYSE:IIPR) during the third quarter of 2025. The firm purchased 47,196 shares of the cannabis-focused real estate investment trust, valued at approximately $2.5 million. This represents a 0.17% ownership stake in Innovative Industrial Properties.

Why it matters

Innovative Industrial Properties is a leading REIT focused on the regulated U.S. cannabis industry, providing real estate and capital solutions to state-licensed operators. The company's acquisition by a major institutional investor like Segall Bryant & Hamill reflects growing institutional interest and confidence in the cannabis real estate sector.

The details

According to a recent SEC filing, Segall Bryant & Hamill LLC purchased 47,196 shares of Innovative Industrial Properties in the third quarter of 2025. This new position represents approximately $2.5 million in value and a 0.17% ownership stake in the REIT. Innovative Industrial Properties is a specialized REIT that acquires, owns and manages properties leased to state-licensed cannabis operators across the United States.

  • Segall Bryant & Hamill LLC acquired the new position in Innovative Industrial Properties in the third quarter of 2025.

The players

Segall Bryant & Hamill LLC

An institutional investment management firm that acquired a new position in Innovative Industrial Properties, Inc.

Innovative Industrial Properties, Inc.

A real estate investment trust (REIT) focused on the acquisition, ownership and management of specialized industrial properties leased to state-licensed operators in the regulated U.S. cannabis industry.

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The takeaway

The investment by Segall Bryant & Hamill LLC in Innovative Industrial Properties reflects the growing institutional interest and confidence in the cannabis real estate sector, which has become an increasingly attractive asset class for investors seeking exposure to the regulated U.S. cannabis market.