3 Reasons to Buy Innovative Industrial Properties and 1 Reason to Sell
Innovative Industrial Properties' (NYSE: IIPR) business model isn't unique, but the sector in which it operates is. There are risks and rewards that need to be considered, just like with any investment. However, there's still a lot to like about this real estate investment trust (REIT) for long-term investors.
Innovative Industrial Properties owns marijuana grow houses, putting it squarely in the pot industry. That industry has been on the outs with Wall Street for a bit, so investor sentiment is very negative here. Given that Wall Street has an awful tendency to swing between irrational optimism and irrational pessimism, this is not a good thing. Even though marijuana is charting a path toward legality across the entire U.S., investor mood swings can lead to deep and painful downturns.
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Source Fool.com
