NEW
YORK, April 5, 2023 /PRNewswire/ -- Safehold
Inc. (NYSE: SAFE) announced today that it has entered into a joint
venture arrangement with a sovereign wealth fund focused on new
acquisitions for certain ground lease investments. Safehold
committed approximately $275 million
for a 55% interest in the joint venture, and a sovereign wealth
fund committed approximately $225
million for a 45% interest in the joint venture.
"As we navigate the rapidly changing market environment and
volatile capital markets, this partnership provides Safehold with
accretive capital to help serve our customers," said Marcos Alvarado, President and Chief Investment
Officer.
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, 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.
Company Contact:
Pearse Hoffmann
Senior Vice President
Capital Markets & Investor Relations
T 212.930.9400
E investors@safeholdinc.com
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SOURCE Safehold
