NewLake Capital Partners, Inc. announced an expansion of its real estate portfolio, now comprising 34 properties. This represents an increase from the 33 properties reported in the previous quarter.
The updated portfolio includes 15 cultivation facilities and 19 dispensaries, all leased to single tenants on a triple-net basis. This growth reflects the company's ongoing strategy to provide real estate capital to state-licensed cannabis operators.
The expansion of the property count signifies continued investment activity and strengthens NewLake's position as a specialized real estate investment trust in the cannabis sector.
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