Latest news with #TimDoherty
CBS News
25-07-2025
- CBS News
Celebrate Christmas in July at Peddler's Village, one of USA Today's best-ranked shopping centers in U.S.
It certainly feels like summer, as the Delaware Valley endures another round of extreme heat and humidity Friday. But for shops at Peddler's Village, the hot weather is also providing the perfect backdrop to celebrate Christmas in July. "You will find me, often dressed more or less like this," Tim Doherty said of his holiday-patterned outfit. "I have a few of these jackets." It's the perfect attire for Doherty, who owns Pine Wreath and Candle. His shop is one of the oldest at Peddler's Village. It's known for decking the halls not only during the holidays, but every day of the year. "We're part of their Christmas tradition," he said. That's easy to do when your store is full of unique pieces, from bedazzled nutcrackers to nostalgic ceramic trees and sparkling snow globes. But it's the Old World Christmas ornaments that are perhaps the shop favorites. There's a story to tell behind each one. "A plunger and a slice of pizza, and you're like, what's the story there?" Doherty said with a laugh as he recalled the ornaments one customer purchased. "It's always fun because people do share their stories." The Lucky Cupcake Company is expected to be packed on July 25 for their Christmas in July treats. "You can always add a little bit of naughty by adding some espresso to your frozen hot chocolate," owner Joanne Kolling said. It's just one of the many summer-themed holiday goodies visitors will find inside the cool shop. Other favorites include the Santa hat, strawberry shortcake cupcakes and the famous gingerbread cookies dressed in bathing suits. "Something that's going to be delicious and light, but still Christmasy," Kolling said. "They're going to love that they can come in and get them with a summer flair or a summer touch." Those with a sweet tooth can sign up for the shop's popular holiday cookie-decorating classes months in advance, before they sell out. Just steps away, shoppers are taken trans-Atlantic without leaving Bucks County. The Celtic Rose features authentic clothes, jewelry, treats and decor. "That you could get in Ireland or Scotland, but it saves you the trip," owner Karen Nocella said. Hands down, the holiday favorite here is a very Irish nativity scene. "Wise men, Mary and Joseph, Jesus, they're all sporting an Irish Aran sweater," Nocella said with a smile. "And we can't keep them in the store." It might take you until Christmas in December to get your hands on that one. USA Today 10Best has named Peddler's Village the No. 2 shopping center in the U.S. Locations were nominated based on the variety of stores, dining and entertainment options, and overall guest experience. Readers then voted to determine the winners. Peddler's Village is celebrating Christmas in July with events planned through the weekend. They're calling it "Santa's Summer Holiday," and we hear Santa himself will be stopping by for some of the fun.
Malaysian Reserve
02-06-2025
- Business
- Malaysian Reserve
Safehold Closes Ground Lease for Florida Multifamily Recapitalization
NEW YORK, June 2, 2025 /PRNewswire/ — Safehold Inc. (NYSE: SAFE), the creator and leader of the modern ground lease industry, has closed on a ground lease to facilitate the recapitalization of a stabilized, 336-unit multifamily property in the growing Florida Space Coast. The deal is Safehold's 18th in Florida and first with JT Capital, an experienced Texas-based investment management firm. '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 Transaction Contacts: IR Contact: Tim Doherty Chief Investment Officer T: 212.930.9433E: tdoherty@ Pearse Hoffmann SVP, Head of Corporate FinanceT: 212.930.9400E: investors@ Emily Jones Vice President, InvestmentsT: 310.315.5580E: ejones@
Yahoo
02-06-2025
- Business
- Yahoo
Safehold Closes Ground Lease for Florida Multifamily Recapitalization
NEW YORK, June 2, 2025 /PRNewswire/ -- Safehold Inc. (NYSE: SAFE), the creator and leader of the modern ground lease industry, has closed on a ground lease to facilitate the recapitalization of a stabilized, 336-unit multifamily property in the growing Florida Space Coast. The deal is Safehold's 18th in Florida and first with JT Capital, an experienced Texas-based investment management firm. "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 Transaction Contacts: IR Contact: Tim Doherty Chief Investment Officer T: 212.930.9433E: tdoherty@ Pearse Hoffmann SVP, Head of Corporate FinanceT: 212.930.9400E: investors@ Emily Jones Vice President, InvestmentsT: 310.315.5580E: ejones@ View original content to download multimedia: SOURCE Safehold Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-05-2025
- Business
- Yahoo
Safehold Inc (SAFE) Q1 2025 Earnings Call Highlights: Navigating Market Volatility with ...
Q : Can you provide more details on the pipeline of non-binding LOIs, including the sponsors, markets, and expected closing timeframe? A : Tim Doherty, Chief Investment Officer, explained that the pipeline is robust with 11 deals, primarily in multi-family, including market rate and affordable housing. The deals are geographically diverse, covering the West Coast, Southeast, Northeast, and Midwest. The expectation is that most of these deals will close within the year, although timing may vary between construction and recap deals. Safehold Inc ( NYSE:SAFE ) is trading at a discount to what management believes is fair value, highlighting a public versus private valuation disconnect. The company faces challenges in closing deals due to market volatility and the need for customers to align their capital stacks. The first quarter saw no new originations due to interest rate volatility and market uncertainty, impacting investment activity. Safehold Inc ( NYSE:SAFE ) has a diversified portfolio by location and property type, with a focus on institutional quality ground leases in top markets. The ground lease portfolio has grown 20 times by both book value and estimated unrealized capital appreciation since the IPO. Safehold Inc ( NYSE:SAFE ) ended the quarter with approximately $1.3 billion of liquidity, supported by potential available capacity in their joint venture. The company has strong credit metrics with expected contractual returns in the low 7% range before factoring in CPI and Caret. Safehold Inc ( NYSE:SAFE ) has a robust pipeline with non-binding LOIs totaling approximately $386 million for potential commitments across 11 ground leases and four loans. For the complete transcript of the earnings call, please refer to the full earnings call transcript . Story continues Q: What are the benefits of leasehold loans compared to ground leases, and how much capacity do you have for these loans? A: Jay Sugarman, CEO, noted that leasehold loans are used selectively and currently represent a small portion of the balance sheet. They provide certainty in volatile markets, helping to secure deals that might otherwise be delayed. The company plans to keep leasehold loans as a small percentage of their portfolio. Q: Can you comment on the public versus private market disconnect and whether you would consider selling a ground lease to prove value? A: Brett Asnas, CFO, mentioned that capital recycling is a priority for 2025, and they are exploring options like selling assets or finding joint venture partners to close the valuation gap. They believe they are trading at a discount and are actively working on processes to create the best execution for capital deployment. Q: Are all the non-binding LOIs related to multi-family or affordable housing? A: Tim Doherty confirmed that the majority of the LOIs are in multi-family, including market rate, construction, and affordable housing. There is also a hotel transaction in the mix, but multi-family remains the primary focus. Q: How has the pipeline evolved after recent market volatility, and does it indicate a recovery in the ground lease market? A: Tim Doherty stated that the volatility in interest rates has decreased, allowing sponsors to make long-term decisions. The current pipeline exceeds last year's originations, suggesting a positive sign for the ground lease market's recovery, although some volatility remains. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
