December 15, 2017
VIA EDGAR
Securities and Exchange Commission Division of Corporation Finance 100 F Street N.E. Washington, D.C. 20549-3720 Attention: Stacie Gorman
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| Re: | Innovative Industrial Properties, Inc. Registration Statement on Form S-3 (File No. 333-221881) REQUEST FOR ACCELERATION OF EFFECTIVENESS |
Ladies and Gentlemen:
Pursuant to Rule 461 under the Securities Act of 1933, as amended, Innovative Industrial Properties, Inc. hereby requests that the above-referenced Registration Statement on Form S-3 (File No. 333-221881) be declared effective at 5:00 P.M. Eastern Time on December 19, 2017 or as soon as practicable thereafter.
| Sincerely, | |
| INNOVATIVE INDUSTRIAL PROPERTIES, INC. | |
| By: /s/ Brian Wolfe | |
| Name: Brian Wolfe | |
| Title: Vice President, General Counsel, and Secretary |
