Developers say building all-affordable housing complexes rarely makes financial sense. Now in Los Angeles, it is the hottest game in town. https://t.co/maKSRM122N ...

Our next guests are announcing a new fund to help address the affordable housing crisis in the United States. Joining us right now is John Hope Bryant who is the CEO of Bryant Group Ventures and founder, CEO and chairman of Operation Hope. Also, Joseph Odding, who is Flagstar Bank president, CEO and executive chairman.And gentlemen, welcome. Thank you for coming in this morning. Uh let's talk about the point of this new fund.Um obviously housing has be become less and less affordable. So what's the point of ...

RT Nicholas J. Fuentes (@NickJFuentes)Shapiro takes a break from crying about the Tuckercaust to tell young people that they aren’t entitled to affordable housing.And they wonder why they’re so unpopular? It’s already over for the Israel-First GOP.America First is the only path forward 🇺🇸https://t.co/SokNu2c0gK ...

Group 1 - The article does not provide any specific content related to a company or industry [1]

In 1906, Sears Robuck was the leading retail company in the country, a pioneering corporate giant, revolutionizing American commerce over the previous two decades. Famous for the extensive Sears catalog, Americans could buy just about anything from this book, from tools to clothing to even live animals. However, one area of the catalog was underperforming, building supplies.Business was down and local manager Frank Kushell was tasked with figuring out how to improve sales. Frank's solution. What if we packa ...

Core Insights - Safehold Inc. has closed ground leases for the development of six Affordable Housing communities in Los Angeles, California, focusing on Low-Income Tax Credit projects [1][2] - The developments will provide over 400 total units upon completion in 2027, targeting neighborhoods in West and Central Los Angeles and the San Fernando Valley [2] Company Overview - Safehold Inc. is a leader in the modern ground lease industry, established in 2017, and aims to unlock land value for property owners [3] - The company operates as a real estate investment trust (REIT), focusing on generating higher returns with less risk across various property types, including affordable housing [3] Strategic Partnerships - Safehold is collaborating with HVN Development, a new firm dedicated to delivering high-quality Affordable Housing in Southern California [1][2] - The company emphasizes the utility of its low-cost, 99-year ground lease capital in advancing Low-Income Housing Tax Credit projects [2]

Campaign Focus - The campaign emphasizes inclusivity, aiming to represent all New Yorkers regardless of origin or language [1] - The candidate criticizes opponents for using divisive language and focusing on language barriers instead of economic issues [1] - The campaign highlights the importance of direct engagement with voters through door-knocking and personal conversations [2] Policy Positions - A key campaign promise is to freeze rent in approximately 1.1 million rent-stabilized units, affecting roughly 2 million tenants [2] - The candidate proposes building 200,000 new affordable homes over the next 10 years to address the housing supply crisis [2] - The candidate aims to make New York City affordable for all residents [1] Political Strategy - The campaign rejects focusing only on specific voter demographics based on voting history or language [1] - The candidate contrasts their grassroots campaign with opponents supported by large donors, who seek to maintain a system benefiting the few [2] - The candidate addresses allegations of anti-semitism, emphasizing the importance of protecting and celebrating Jewish New Yorkers [1][2]

Housing Development - Telluride, Colorado aims to increase its borrowing capacity by over 300% to fund affordable housing projects [1]

Financial Data and Key Metrics Changes - The company reported core FFO per share of $2.28, exceeding the high end of guidance, driven by strong same property performance in North America and the UK [5] - North American same property NOI increased by 5.4%, with manufactured housing delivering 10.1% NOI growth and maintaining a solid 98% occupancy [5][6] - Annual RV rental rates for 2026 are being set with an estimated average annual increase of approximately 4% [7] - Total debt stood at $4.3 billion with a weighted average interest rate of 3.4% and a weighted average maturity of 7.4 years [10] - The company raised its core FFO per share expectations for 2025 to a range of $6.59 to $6.67, reflecting continued operational strength [11] Business Line Data and Key Metrics Changes - Manufactured housing same property NOI is now expected to grow by 7.8% at the midpoint, reflecting continued outperformance [11] - RV same property NOI guidance has been raised to a 1% decline at the midpoint, supported by stable third quarter results [12] - In the UK, same property NOI grew by 5.4%, supported by 4.8% revenue growth and 4% expense growth [7][12] Market Data and Key Metrics Changes - Home sale volumes in the UK are lighter compared to recent record volumes, but the company maintains elevated market share [8] - The UK team is strategically shifting the earnings mix toward recurring real property income while driving operational excellence [8] Company Strategy and Development Direction - The new CEO emphasized three key areas of focus: understanding the MH&RV business, supporting the team in delivering on strategy, and assessing opportunities for disciplined long-term growth [4] - The company is committed to operational excellence and resident satisfaction as core values [18] - The strategy includes disciplined capital allocation and a focus on enhancing long-term shareholder value through buybacks and acquisitions [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's performance and the demand for affordable housing, noting a 98% occupancy rate [18] - The company is focused on retention and operational execution as key drivers for long-term growth, particularly in the RV space [35] - Management acknowledged macro challenges but highlighted strong execution and performance in the UK market [42] Other Important Information - The company completed the disposition of nine delayed consent properties for total proceeds of approximately $118 million [9] - The company has been active in acquiring ground leases, with 28 ground leases purchased year to date for approximately $324 million [10] Q&A Session Summary Question: Initial observations and potential improvements - The new CEO highlighted the strength of the team and the quality of communities, focusing on supporting the team to finish strong in 2025 [15][16] Question: Strategy regarding the UK market - The CEO expressed encouragement about the UK team's performance and their focus on growing recurring revenue [20][22] Question: Transaction market and pricing - The company remains disciplined in capital deployment, seeing an increase in transactional activity but focusing on high-quality assets [25][26] Question: Transient RV performance and Canadian customers - Management noted that Canadian customers represent a small percentage of the business and discussed strategies to improve retention and fill gaps [28][29] Question: Annual RV increase strategy - The company is prioritizing retention and operational execution, leading to a tempered 4% RV annual increase for 2026 [34][35] Question: UK home sales environment - Home sales in the UK are lighter than last year, but the overall performance remains strong with a focus on recurring income [41][42] Question: Use of cash and capital allocation - The company plans to maintain a disciplined approach to capital allocation, balancing growth and shareholder value [66]

Core Insights - Safehold Inc. has closed a ground lease for an Affordable Housing community in the San Fernando Valley, Los Angeles, which will provide 275 units by 2029 [1][2] - The project is developed by The Pacific Companies, a repeat customer of Safehold, indicating a strong partnership in the Affordable Housing sector [1][2] - Safehold is expanding its presence in Affordable Housing, having established a dedicated team in 2025 to focus on this sector [2][3] Company Strategy - Safehold's ground lease capital serves as a low-cost solution to address funding gaps in Affordable Housing developments amid rising costs and interest rates [3] - The company aims to unlock land value for various property types, including multifamily and affordable housing, to generate higher returns with reduced risk [4] Market Context - There is significant unmet demand for affordable rental products in the market, which Safehold is strategically positioned to address [2] - The establishment of a dedicated Affordable Housing team reflects the company's commitment to expanding its investment in this growing sector [2]