Safehold Closes 20th Affordable Housing Ground Lease, First in Texas

Core Insights - Safehold Inc. has successfully closed its 20th ground lease focused on Affordable Housing, marking its entry into the Texas market with a project in Austin that will deliver 348 units by 2028 [1] - The project is developed in partnership with The NRP Group, a leading developer in the Affordable Housing sector, highlighting Safehold's strategy to leverage low-cost ground lease capital to address capital structure gaps for developers [1] - Safehold's dedicated Affordable Housing team was established in 2025, aiming to expand its investment in this sector, with a total of over 3,100 Affordable units facilitated through its ground leases [1] Company Overview - Safehold Inc. is a pioneer in the modern ground lease industry, providing innovative solutions for real estate ownership and aiming to enhance returns while minimizing risk for property owners [1] - The company operates as a real estate investment trust (REIT), focusing on delivering safe, growing income and long-term capital appreciation to its shareholders [1] Developer Profile - The NRP Group is recognized as a top developer and builder of multifamily housing in the U.S., with a mission to create exceptional rental communities for individuals and families across various income levels [1] - Since its inception in 1994, NRP has developed over 62,000 apartment homes and currently manages more than 30,000 residential units, showcasing its extensive experience and capability in the housing sector [1]