Kalyx is a fully-integrated real estate development company and one of the leading multi-state providers of commercial and industrial space to the rapidly growing, highly regulated cannabis industry. Repositioning existing underutilized real estate assets to meet the specialized needs of cannabis operators, Kalyx is at the forefront of a new vertical in commercial real estate. Kalyx leases its properties on a NNN basis to state-licensed cultivators, processors and/or distributors of cannabis and cannabis products in states in which such activities are legal under state law. Kalyx properties are compliant with state and local zoning laws and are designed to meet industry specific needs for enhanced power, HVAC, water, security and data.
Kalyx operates as a private real estate investment trust with a current portfolio of 5 properties, approximately 500,000 total SF, located in Arizona (2), Oregon (2) and Washington state (1). Kalyx is a supportive landlord to 18 established or emerging licensed cannabis operators providing space as well as access to infrastructure improvement capital on a select basis. Kalyx properties are in states with rapidly growing cannabis markets as well as thoughtfully constructed regulatory frameworks. Kalyx also draws on its network of regulatory and law enforcement relationships in providing guidance to tenants as they navigate compliance issues in new markets.
Kalyx has a geographically and operationally diverse portfolio of cannabis real estate assets as well as strong relationships with its tenants, regulators and law enforcement. Kalyx believes that the steady advancement of cannabis legalization in the United States will spur increasingly greater opportunities to attract and retain strong tenants.