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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]