Safehold Closes Ground Lease for Affordable Housing Development in San Diego

Group 1 - Safehold Inc. has closed a ground lease for an Affordable Housing community in Mission Valley, San Diego, which will provide 227 units by 2028 [1][2] - The project is part of Safehold's strategy to invest in the Low-Income Housing Tax Credit (LIHTC) sector, which is seen as a crucial area for delivering affordable housing [2] - To date, Safehold has closed on eight ground leases for LIHTC developments in California, totaling over 1,600 units [2] Group 2 - Safehold Inc. is a leader in the modern ground lease industry, having created it in 2017, and aims to enhance real estate ownership by unlocking land value [3] - The company operates as a real estate investment trust (REIT) and focuses on providing safe, growing income and long-term capital appreciation to shareholders [3]