Safehold Completes Ground Lease to Support Florida's Multifamily Sector

In a significant move for the real estate market, Safehold Inc. (NYSE: SAFE), the pioneer in modern ground leases, has successfully closed a ground lease deal aimed at revitalizing a stabilized multifamily property in Florida's emerging Space Coast area. This investment signifies Safehold's commitment to enhancing housing solutions in areas poised for growth.

The recently concluded lease transaction involves a multifamily property comprising 336 units, marking Safehold's 18th such agreement in Florida and its inaugural partnership with JT Capital, a well-recognized investment management firm based in Texas. This collaboration underscores Safehold’s strategic intent to expand its influence in the modern ground lease sector while simultaneously catering to increasing housing demands in Florida.

Tim Doherty, Chief Investment Officer at Safehold, expressed enthusiasm about the new partnership, noting, "We’re thrilled to establish a relationship with JT Capital and expand our modern ground lease footprint. We continue to leverage the efficiencies of our structure to help owners access lower-cost, long-term capital." This statement reflects the innovative approach Safehold takes towards facilitating capital accessibility while retaining a focus on sustainable investment practices.

Emily Jones, Vice President at Safehold, added to this sentiment by highlighting the specialized capital structure designed for JT Capital’s strategic needs. She stated, "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.” This adaptability is crucial in a fast-paced real estate environment where timely decision-making and sector-specific solutions are essential for maximizing outcomes.

In this transaction, Safehold not only provided a long-term ground lease but also supplemented it with a leasehold loan, further empowering JT Capital to navigate the complexities of real estate investment with confidence. This dual support strategy exemplifies Safehold's commitment to fostering financial stability for property owners and investors in the multifamily housing sector.

Safehold Inc. has been at the forefront of redefining real estate ownership since its inception in 2017, focusing on innovative lease structures that enable property owners to unlock the value of the land beneath their buildings. The company caters to a diverse array of asset classes, including high-quality multifamily housing, affordable housing, office, industrial, hospitality, and mixed-use properties. This diversified approach allows Safehold to not only assist property owners in optimizing returns but also to contribute to the growth and development of sustainable real estate practices across various markets.

Being classified as a real estate investment trust (REIT), Safehold is dedicated to delivering safe and growing income alongside long-term capital appreciation for its shareholders. As the company continues to expand its footprint in the modern ground lease industry, Safehold remains focused on enhancing value and streamlining capital access for its partners.

In conclusion, the closure of this latest ground lease deal is a testament to Safehold's innovative frameworks and steady growth strategy within the competitive Florida real estate market. As housing demands continue to rise, Safehold is poised to play a pivotal role in shaping Florida's multifamily landscape, making it a key player to watch in the coming years. With a strong foundation and proactive approach, Safehold is leading the charge in transforming how real estate ownership is perceived and executed in today's market.