Safehold Closes Four Ground Leases for Affordable Multifamily Assets
Safehold Closes Four Ground Leases for Affordable Multifamily Assets
NEW YORK, July 8, 2024 /PRNewswire/ -- Safehold Inc. (NYSE: SAFE), the creator and leader of the modern ground lease industry, has closed on ground leases to facilitate the ground-up development of four affordable housing communities in Northern California. The low-income tax credit developments total 781 units across four locations: three in San Jose and one in Concord, California. The projects will be built by The Pacific Companies, a prolific and highly experienced developer of affordable housing throughout the Western United States.
2024年7月8日，纽约 / PRNewswire / - Safehold Inc. (NYSE:SAFE)，现代土地租赁行业的创造者和领导者，已经完成了四个北加州经济适用房社区的地租以促进从头开始的发展。这些低收入税收开发计划总共有781个单元，分布在加利福尼亚州圣何塞市的三个地点和科考德市的一个地点。这些项目将由 The Pacific Companies 建造，后者是美国西部经济适用房的大规模经验丰富的开发商。
"We are thrilled to expand our relationship with The Pacific Companies, and to play a role in meeting the significant unmet demand for affordable housing," said Safehold's EVP, Head of Investments Steve Wylder. "We have quickly expanded our presence in the affordable housing space, and are finding that our long-term, low-cost ground lease capital can help to fill gaps, drive a lower cost of capital, and help high-quality projects like these move forward."
“我们很高兴能够扩大与The Pacific Companies的合作关系，发挥我们在经济适用房领域的作用，填补空缺，推动资本成本降低，并帮助这些高质量项目向前发展。” Safehold 的执行副总裁兼投资负责人 Steve Wylder 说。
Safehold closed a total of six ground lease transactions during the second quarter of 2024.
Safehold在2024年第二季度总共完成了6笔土地租赁交易。
"We have closed $6.5 billion of ground lease investments to date and are encouraged by recent dialogue with the market," added Safehold's Chief Investment Officer Tim Doherty. "We will continue to use our strong balance sheet to scale our platform across the country, with the ability to innovate and meet market and client needs."
“到目前为止，我们已经完成了65亿美元的土地租赁投资，并对市场的最新对话感到鼓舞，”Safehold首席投资官Tim Doherty补充说。“我们将继续利用我们强大的资产负债表，在全国范围内扩大平台规模，并有能力进行创新，满足市场和客户需求。”
About Safehold:
关于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 .
Safehold股份有限公司（纽交所代码：SAFE）通过提供一种新的、更好的方式，使业主能够释放他们建筑物下地面的价值，正在改革房地产所有权的方式。Safehold创立于2017年现代地上租赁行业，继续帮助高质量多户型、办公、工业、酒店、学生住房、生命科学和混合用途房产的业主以更少的风险获得更高的回报。该公司被视为房地产投资信托（REIT）并寻求向股东提供安全的、不断增长的收入和长期资本增值。Safehold的网站上提供了有关Safehold的其他信息。
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Transaction Contacts:
EVP, Head of Investments Ethan Torbati Vice President, Investments |
Investment Team and IR Contacts: Tim Doherty Chief Investment Officer Pearse Hoffmann Senior Vice President Capital Markets & Investor Relations |
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交易联系人：
执行副总裁、投资主管 伊桑·托巴蒂（Ethan Torbati） 副总裁、投资主管 |
投资团队和投资者关系联系人： 蒂姆·多尔蒂（Tim Doherty） 首席投资官 皮尔斯·霍夫曼（Pearse Hoffmann） 高级副总裁 资本市场和投资者关系 |
SOURCE Safehold
来源：safehold