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Recent Safehold Multifamily Closing Profiled in The Boston Globe
Prnewswire· 2026-03-09 20:05
Core Insights - Safehold Inc. has successfully closed a ground lease and leasehold loan for the development of a 204-unit multifamily project at 299 Broadway in Somerville, MA, marking its first collaboration with Boston-based developers Samuels & Associates and Mark Development [1] Group 1: Company Developments - The deal is part of Safehold's strategy to expand its presence in the Boston metropolitan statistical area (MSA) and to partner with reputable developers [1] - Safehold's diversified portfolio includes over 22,000 multifamily units across major U.S. markets, showcasing its significant footprint in the real estate sector [1] Group 2: Business Strategy - The company emphasizes the benefits of low-cost, flexible ground lease and loan capital, which can assist property owners in executing their business plans and maximizing value [1] - Safehold aims to continue building relationships with top-tier developers for future projects, indicating a focus on long-term partnerships in the multifamily development space [1] Group 3: Company Overview - Safehold Inc. is recognized as a leader in the modern ground lease industry, having established this sector in 2017 [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]
Safehold Named 2026 Ivory Prize Finalist for Affordable Housing Innovation
Prnewswire· 2026-02-19 12:30
Core Insights - Safehold Inc. has been named a finalist for the 2026 Ivory Prize for Housing Affordability, recognizing its innovative contributions to the affordable housing market [1] - The company aims to address the unmet demand for affordable housing, particularly in the context of rising interest rates and construction costs [1] - Safehold established a dedicated Affordable Housing team in 2025 to expand its investments in this sector [1] Company Overview - Safehold Inc. is a leader in the modern ground lease industry, having created it in 2017 [1] - The company focuses on helping owners of various property types, including multifamily and affordable housing, to generate higher returns with reduced risk [1] - Safehold operates as a real estate investment trust (REIT), aiming to provide safe, growing income and long-term capital appreciation to its shareholders [1] Industry Context - The Ivory Prize highlights the need for innovative and scalable solutions to tackle the U.S. housing affordability crisis [1] - The housing industry is described as fragmented and risk-averse, necessitating recognition of effective solutions to high costs [1] - The award aims to elevate successful strategies that can be replicated across the industry [1]
Safehold Closes Ground Lease for Affordable Housing Development in Woodland Hills
Prnewswire· 2026-01-06 12:30
Core Viewpoint - Safehold Inc. has successfully closed a ground lease for an Affordable Housing community in Woodland Hills, Los Angeles, which will provide 207 units by 2028 [1][2]. Group 1: Company Overview - Safehold Inc. is a leader in the modern ground lease industry, having established this sector in 2017 [3]. - The company aims to help owners of various property types, including multifamily and affordable housing, generate higher returns with reduced risk [3]. - Safehold is structured as a real estate investment trust (REIT) and focuses on delivering safe, growing income and long-term capital appreciation to shareholders [3]. Group 2: Recent Developments - The new ground lease is part of Safehold's strategy to expand its presence in the Affordable Housing sector, which has shown strong demand for ground lease capital [2]. - A dedicated Affordable Housing team was established by Safehold in 2025 to enhance investment in this area [2].
Safehold Reports Third Quarter 2025 Results
Prnewswire· 2025-11-05 21:05
Core Insights - Safehold Inc. reported a solid performance in Q3 2025, with earnings growth and steady transaction activity, emphasizing the growth of repeat customer business and a focus on efficient capital delivery and favorable risk-adjusted returns for shareholders [1][3]. Financial Performance - Q3 2025 revenue reached $96.2 million, representing a 21% increase compared to the previous year [3]. - Net income attributable to common shareholders for Q3 2025 was $29.3 million [3]. - Earnings per share for Q3 2025 stood at $0.41 [3]. Ground Lease Activity - The company closed $42 million in ground lease originations during Q3 2025 and an additional $34 million in ground lease originations to date in Q4 2025 [3]. - Safehold has forward commitments of $9 million and $29 million for new ground lease originations in Q3 2025 and Q4 2025, respectively, which are subject to certain conditions [3]. Company Overview - Safehold Inc. is revolutionizing real estate ownership by providing innovative solutions for unlocking land value beneath buildings, having established the modern ground lease industry in 2017 [2]. - The company operates as a real estate investment trust (REIT), aiming to deliver safe, growing income and long-term capital appreciation to shareholders [2].
Safehold Closes Six Ground Leases for Affordable Housing Developments in Los Angeles
Prnewswire· 2025-11-04 21:05
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]
Safehold Closes Ground Lease for Affordable Housing Development in Los Angeles
Prnewswire· 2025-10-27 20:05
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]
Safehold Closes Ground Lease for Affordable Housing Development in San Diego
Prnewswire· 2025-07-24 20:05
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]
Safehold Closes Ground Lease for Florida Multifamily Recapitalization
Prnewswire· 2025-06-02 20:51
Core Insights - Safehold Inc. has successfully closed a ground lease to recapitalize a 336-unit multifamily property in Florida's Space Coast, marking its 18th deal in Florida and its first with JT Capital [1][2] - The company aims to leverage its modern ground lease structure to provide lower-cost, long-term capital to property owners [2] - Safehold also provided a leasehold loan alongside the long-term ground lease to facilitate the transaction [3] Company Overview - Safehold Inc. is a leader in the modern ground lease industry, having established this sector in 2017, and focuses on unlocking land value for various property types including multifamily, office, and mixed-use [4] - The company operates as a real estate investment trust (REIT) and aims to deliver safe, growing income and long-term capital appreciation to its shareholders [4]
Safehold Closes Ground Lease for Massachusetts Multifamily Development
Prnewswire· 2025-05-27 20:05
Core Insights - Safehold Inc. has successfully closed a ground lease for the development of The Benjamin, a 364-unit multifamily project in the Boston MSA, marking its first deal with The Michaels Organization [1][2] - The company emphasizes the growing adoption of its ground lease solution for multifamily projects in major metropolitan areas, aiming to provide low-cost, long-term capital to maximize value for owners [2][4] - Safehold's portfolio includes over 85 multifamily assets across top markets in the United States, showcasing its diversified investment strategy [3] Company Overview - Safehold Inc. is a pioneer in the modern ground lease industry, established in 2017, and focuses on enhancing real estate ownership by unlocking land value beneath buildings [4] - The company operates as a real estate investment trust (REIT), aiming to deliver safe, growing income and long-term capital appreciation to its shareholders [4]