Innovative Industrial Properties presents $245 million Alewife Park mezzanine loan commitment

By Public Technologies
  • Innovative Industrial Properties outlined a $245 million mezzanine loan commitment for Alewife Park, expanding its life sciences exposure.
  • The investment is expected to yield an average 15.8%, subject to a 14% floor.
  • Initial funding totals $111 million, with another $134 million expected through the fourth quarter of 2027.
  • Full deployment is expected to increase life sciences exposure to 26% of income.
  • Available liquidity totaled $142 million; net debt stood at 2.1 times annualized adjusted EBITDA.


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