July 2, 2018
VIA EDGAR
Securities and Exchange Commission
Division of Corporation Finance
100 F Street N.E.
Washington, D.C. 20549-3720
Attention: Rahul Patel
| Re: | Innovative Industrial Properties, Inc. |
| Registration Statement on Form S-3 (File No. 333-225702) | |
| 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. 333-225702) be declared effective on July 3, 2018 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 | ||
