Forget Dogecoin, This REIT Is a Better Buy

People talk about Dogecoin (CRYPTO: DOGE) and owning it can make you feel like you are a member of the "in" crowd. But emotions are a powerful, and sometimes dangerous, aspect of investing that people don't think about nearly enough. Indeed, Dogecoin's volatility alone should be enough to keep most investors away from it. If you are still tempted by Dogecoin, however, there's a better way to join an "in" crowd: real estate investment trust (REIT) Innovative Industrial Properties (NYSE: IIPR). This landlord owns marijuana grow houses, has a dividend that's grown incredibly fast along with its rapidly expanding portfolio, and gives you bragging rights because you are putting money into a newsworthy and up-and-coming new sector. Here are four reasons why you should consider the stock.

There's nothing inherently good or bad about Dogecoin, but its value is basically derived from investors who believe it has value. There are no real assets behind it. Innovative Industrial Properties, on the other hand, owns physical assets -- 76 100%-leased properties with 7.5 million rentable square feet of space in them. Roughly 2.8 million of that number is currently under construction, so there's growth potential. The real estate investment trust's properties are located in Arizona, California, Colorado, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Jersey, New York, North Dakota, Ohio, Pennsylvania, Texas, Virginia, and Washington.

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Source Fool.com