Le Lézard
Classified in: Business
Subject: RLE

Safehold Closes $31.0 Million Ground Lease, Sixth Transaction in Denver, Colorado


NEW YORK, Nov. 7, 2022 /PRNewswire/ -- Safehold, Inc. (NYSE: SAFE), the creator and leader of the modern ground lease industry, has closed on a $31.0 million ground lease to facilitate the ground-up development of Wilder, a 196-unit multifamily project approximately two miles west of Downtown Denver. The Qualified Opportunity Zone project will be developed by The Max Collaborative, an Ohio based firm led by members of the Max Ratner family.

"We are excited to grow our presence in Denver and expand our relationship with a top tier sponsor in The Max Collaborative," said Executive Vice President Steve Wylder. "We are finding that our ground lease structure works quite well for opportunity zone projects and are pleased to be part of such a high-quality development as we continue to scale our Safehold platform across the country."

The transaction marks the third between Safehold and The Max Collaborative over the last 12 months, all ground-up multifamily developments. Through September 30th, Safehold originated in excess of $1.3 billion of ground lease investments year to date.

About Safehold:

Safehold Inc. (NYSE: SAFE) is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings. Having created the modern ground lease industry in 2017, Safehold continues to help owners of high quality multifamily, office, industrial, hospitality, life science and mixed-use properties generate higher returns with less risk. The Company, which is taxed as a real estate investment trust (REIT) and is managed by its largest shareholder, iStar Inc., seeks to deliver safe, growing income and long-term capital appreciation to its shareholders. Additional information on Safehold is available on its website at www.safeholdinc.com.

Client Contacts:

Investor Relations Contact:



Steve Wylder

Jason Fooks

Executive Vice President

Senior Vice President

T: 310.315.5566

Investor Relations & Marketing

E: [email protected]

T: 212.930.9400


E: [email protected]

Tim Doherty 

Head of Investments

T: 212.930.9433

E: [email protected]

 

SOURCE Safehold


These press releases may also interest you

at 08:39
InvestorsObserver issues critical PriceWatch Alerts for CVNA, BBBY, KBNT, TENX, and RMTI. To see how InvestorsObserver's proprietary...

at 08:39
Prepare to launch a brokerage business and maximize earnings with the Broker Guru course! This innovative digital program teaches everything needed to start a profitable brokering business, from locating service providers to closing profitable deals....

at 08:39
Today, Pacific Program Management (PPM) announced the appointment of Mark Wanic to President, Chief Operating Officer, executing the company's business strategy and leading day-to-day operations. He will continue to work closely with company founder...

at 08:38
In his new book "Build Your Wealth and Keep Your Health," Dr. Dan Geller describes why it is not investors' fault that most of them lose money in the stock market. The scientific research features in the book shows that the human brain has two...

at 08:38
Guardian Research Network® (GRN) announced today that Allina Health, a Minnesota-based health system with 12 hospital campuses and more than 90 clinics throughout Minnesota and western Wisconsin, has joined the GRN nationwide healthcare research...

at 08:36
BACKGROUND:Despite news of layoffs, hiring freezes and rescinded offers, the employment market remains strong ? and now is an opportune time for professionals to shift their job search into high gear. Pursuing a new career path may feel daunting, but...



News published on 7 november 2022 at 16:00 and distributed by: