−Removed: As of December 31, 2020, we owned the following 66 properties, which were 99.3% leased (based on square footage) with a weighted-average remaining lease term of approximately 16.6 years:
+Added: As of December 31, 2021, we owned the following 103 properties, which had a weighted-average remaining lease term of approximately 16.6 years:
Rentable Square
4 unchanged sentences
September 19, 2019
+Added: July 23, 2019
+Added: Gold Flora CA
+Added: October 15, 2021
+Added: Kings Garden CA Portfolio
Sacramento CA
February 8, 2019
−Removed: Kings Garden CA Portfolio
−Removed: July 23, 2019
Vertical CA Portfolio
2 unchanged sentences
LivWell CO Retail Portfolio
−Removed: October 23, 2019
Parallel FL Portfolio
+Added: Trulieve FL Portfolio
+Added: August 3, 2021
December 21, 2018
2 unchanged sentences
October 30, 2019
+Added: March 6, 2020
PharmaCann IL
October 30, 2019
−Removed: March 6, 2020
−Removed: PharmaCann MA
+Added: August 13, 2021
Massachusetts
+Added: December 17, 2020
Massachusetts
−Removed: July 12, 2018
+Added: April 2, 2020
Massachusetts
+Added: June 30, 2020
+Added: Massachusetts
July 12, 2018
+Added: PharmaCann MA
Massachusetts
−Removed: April 2, 2020
Massachusetts
−Removed: June 30, 2020
Massachusetts
−Removed: December 17, 2020
−Removed: Green Peak MI
−Removed: August 2, 2018
+Added: July 26, 2019
+Added: April 22, 2020
Emerald Growth MI
−Removed: October 9, 2019
+Added: Green Peak MI Portfolio
Green Peak MI Retail Portfolio
−Removed: April 22, 2020
September 1, 2020
November 8, 2017
−Removed: July 12, 2019
+Added: September 17, 2021
July 12, 2019
1 unchanged sentence
July 16, 2020
+Added: July 13, 2020
PharmaCann NY
December 19, 2016
−Removed: October 23, 2017
December 20, 2019
−Removed: PharmaCann OH
−Removed: March 13, 2019
January 24, 2020
January 31, 2020
+Added: PharmaCann OH
+Added: March 13, 2019
+Added: December 20, 2019
+Added: Columbia Care PA
+Added: November 12, 2019
+Added: June 10, 2020
April 6, 2018
April 24, 2019
−Removed: Green Leaf PA
PharmaCann PA
August 9, 2019
−Removed: November 12, 2019
+Added: March 10, 2021
+Added: CO/PA/ND Portfolio
December 14, 2021
−Removed: June 10, 2020
−Removed: Green Leaf VA
+Added: Columbia Care VA
January 15, 2020
1 unchanged sentence
(1) Includes estimated rentable square feet at completion of construction.
−Removed: (2) Includes purchase price and development and tenant reimbursement commitments funded, if any.
−Removed: Excludes transaction costs and development and tenant reimbursement commitments not funded as of December 31, 2020.
−Removed: (3) Portfolio consists of four properties acquired on April 16, 2019, one property acquired on May 12, 2020 and one property acquired on November 16, 2020.
−Removed: Excludes available tenant improvement allowance of $25.0 million.
−Removed: (4) In January 2020, the tenant defaulted on its obligations to pay rent to us pursuant to our lease.
−Removed: As of December 31, 2020, this tenant was in receivership and in ongoing default of its rent obligations.
+Added: (2) Includes purchase price and development and improvement allowances commitments funded, if any.
+Added: Excludes transaction costs and development and improvement allowance not funded as of December 31, 2021.
(3) In January 2021, the property was leased to a new tenant.
+Added: Excludes remaining improvement allowance of approximately $10.1 million.
+Added: (4) Excludes remaining improvement allowance of approximately $5.3 million.
+Added: (5) Portfolio consists of four properties acquired on April 16, 2019, one property acquired on May 12, 2020, and one property acquired on November 16, 2020.
+Added: Excludes remaining aggregate improvement allowances at certain properties totaling approximately $65.0 million.
(6) Portfolio consists of three properties acquired on August 29, 2019 and one property acquired on September 11, 2019.
−Removed: In November and December 2020, affiliates of Medical Investor Holdings LLC (“Vertical”) made partial payments of contractual rent due and approximately $424,000 of security deposits were applied to the payment of rent and associated lease penalties.
−Removed: (6) Columbia Care, Inc.
−Removed: acquired The Green Solution during 2020.
(7) Portfolio consists of one property acquired on February 19, 2020 and one property acquired on February 21, 2020.
−Removed: Excludes remaining tenant improvement allowance of approximately $801,000.
+Added: Excludes remaining improvement allowance of approximately $801,000.
(8) Portfolio consists of one property acquired on March 11, 2020 and one property acquired on September 18, 2020.
−Removed: Excludes remaining aggregate tenant improvement allowances of approximately $39.6 million.
−Removed: (9) Excludes remaining tenant improvement allowance of approximately $9.1 million.
−Removed: (10) Portfolio consists of two properties and excludes remaining tenant improvement allowance of approximately $1.1 million.
−Removed: (11) Curaleaf Holdings, Inc.
−Removed: (“Curaleaf”) acquired GR Companies, Inc.
−Removed: (“Grassroots”) during 2020.
−Removed: Excludes remaining tenant improvement allowance of approximately $5.8 million.
−Removed: (12) Excludes remaining tenant improvement allowance of approximately $574,000.
−Removed: (13) Excludes remaining tenant improvement allowance of approximately $14.2 million.
−Removed: (14) Excludes remaining tenant improvement allowance of approximately $679,000.
−Removed: (15) Excludes remaining tenant improvement allowance of $3.0 million.
−Removed: (16) Excludes remaining tenant improvement allowance of approximately $15.2 million.
−Removed: (17) Excludes remaining tenant improvement allowance of approximately $19.8 million.
−Removed: (18) Excludes remaining tenant improvement allowance of $500,000.
+Added: Excludes remaining aggregate improvement allowances totaling approximately $3.6 million.
+Added: (9) Trulieve Cannabis Corp.
+Added: (“Trulieve”) acquired Harvest Health & Recreation Inc.
+Added: (“Harvest”) in 2021.
+Added: Portfolio consists of one property acquired on October 23, 2019 and one property acquired on January 22, 2021.
+Added: Excludes remaining improvement allowance of approximately $2.6 million.
+Added: (10) Excludes remaining improvement allowance of approximately $41.9 million.
+Added: (11) Excludes remaining improvement allowance of approximately $2.5 million.
+Added: (12) Portfolio consists of two properties and excludes remaining improvement allowance of approximately $198,000.
+Added: (13) Trulieve acquired Harvest in 2021.
+Added: Excludes remaining improvement allowance of approximately $7.2 million.
+Added: (14) Excludes remaining improvement allowance of approximately $1.7 million.
+Added: (15) Excludes remaining improvement allowance of approximately $6.1 million.
+Added: (16) Excludes remaining improvement allowance of approximately $658,000.
+Added: (17) Excludes remaining improvement allowance of approximately $19.9 million.
+Added: (18) Portfolio consists of one property acquired on August 2, 2018 and one property acquired on April 16, 2021.
+Added: Excludes remaining improvement allowance of approximately $22.9 million.
(19) Portfolio consists of one property acquired on October 25, 2019, three properties acquired on November 4, 2019, one property acquired on November 8, 2019 and one property acquired on November 25, 2019.
−Removed: Excludes remaining tenant improvement allowance of approximately $28,000.
−Removed: (20) Excludes remaining tenant improvement allowance of approximately $21.5 million.
−Removed: (21) Excludes remaining tenant improvement allowance of approximately $17.1 million.
−Removed: (22) Excludes remaining tenant improvement allowance of approximately $111,000.
−Removed: (23) Excludes remaining tenant improvement allowance of approximately $16.1 million.
−Removed: (24) Portfolio consists of two properties.
−Removed: Excludes remaining tenant improvement allowance of approximately $952,000.
−Removed: (25) Excludes available tenant improvement allowance of $31.0 million.
−Removed: (26) Excludes remaining tenant improvement allowance of approximately $43,000.
−Removed: (27) Curaleaf acquired Grassroots during 2020.
−Removed: (28) Excludes available tenant improvement allowance of approximately $2.9 million.
−Removed: (29) Excludes remaining tenant improvement allowance of approximately $22.6 million.
−Removed: (30) Vireo Health, Inc.
−Removed: transferred its ownership in the subsidiary tenant at the property to Jushi Holdings Inc.
−Removed: Excludes remaining tenant improvement allowance of approximately $2.4 million.
−Removed: (31) Excludes remaining tenant improvement allowance of approximately $848,000.
−Removed: (32) Excludes remaining tenant improvement allowance available of approximately $29.4 million.
−Removed: (33) Excludes remaining construction funding of approximately $2.3 million.
−Removed: (34) Curaleaf acquired Grassroots during 2020.
−Removed: Excludes remaining tenant improvement allowance of approximately $891,000.
−Removed: (35) Excludes remaining tenant improvement allowance of approximately $4.2 million.
+Added: Excludes remaining improvement allowance of approximately $28,000.
+Added: (20) Original property was acquired on October 9, 2019 and the central utility plant facilities were acquired on December 9, 2021.
+Added: Excludes remaining improvement allowance of $550,000.
+Added: (21) Excludes remaining improvement allowance of approximately $374,000.
+Added: (22) Excludes remaining improvement allowance of approximately $19.6 million.
+Added: (23) Excludes remaining improvement allowance of approximately $29.0 million.
+Added: (24) Original property was acquired on October 23, 2017 and additional land adjacent to the property was acquired on September 24, 2021.
+Added: Excludes remaining improvement allowance of approximately $34.1 million.
+Added: (25) Excludes remaining improvement allowance of approximately $1.1 million.
+Added: (26) Excludes remaining improvement allowance of approximately $2.4 million.
+Added: (27) Columbia Care, Inc.
+Added: (“Columbia Care”) acquired Green Leaf Medical, LLC (“Green Leaf”) in 2021.
+Added: Excludes remaining improvement allowance of approximately $1.8 million.
+Added: (28) Excludes remaining improvement allowance of approximately $13.3 million.
+Added: (29) Excludes remaining improvement allowance of approximately $1.7 million.
+Added: (30) Excludes remaining improvement allowance of approximately $20.4 million.
+Added: (31) Portfolio consists of 27 properties leased to multiple tenants with 24 properties located in Colorado, two properties located in North Dakota, and one property located in Pennsylvania.
+Added: Excludes remaining improvement allowance at certain properties totaling approximately $1.1 million.
+Added: (32) Columbia Care acquired Green Leaf in 2021.
See Item 1., “Business — Our Properties,” for more information about our properties.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.