Safehold Closes Ground Lease for Florida Multifamily Recapitalization
'We're thrilled to establish a relationship with JT Capital and expand our modern ground lease footprint,' said Tim Doherty, Safehold's Chief Investment Officer. 'We continue to leverage the efficiencies of our structure to help owners access lower-cost, long-term capital.'
'We're proud to deliver a capital structure tailored to JT Capital's strategic goals that showcases our commitment to unlocking value and executing quickly,' added Emily Jones, Vice President at Safehold.
Safehold provided a leasehold loan in addition to a long-term ground lease to facilitate the transaction.
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, affordable housing, office, industrial, hospitality, student housing, life science and mixed-use properties generate higher returns with less risk. The Company, which is taxed as a real estate investment trust (REIT), 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.
Transaction Contacts:
IR Contact:
Tim Doherty
Chief Investment Officer T: 212.930.9433E: tdoherty@safeholdinc.com
Pearse Hoffmann
SVP, Head of Corporate FinanceT: 212.930.9400E: investors@safeholdinc.com
Emily Jones
Vice President, InvestmentsT: 310.315.5580E: ejones@safeholdinc.com
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