Safehold Closes Ground Lease for Massachusetts Multifamily Development
Safehold Inc. (NYSE: SAFE) has announced the closure of a ground lease agreement for The Benjamin, a new 364-unit multifamily development project in the Boston metropolitan area. This marks Safehold's first collaboration with The Michaels Organization, a prominent national multifamily investor and developer. The deal reinforces Safehold's growing presence in the multifamily sector, where it currently maintains over 85 assets across major U.S. markets.
As the pioneer of the modern ground lease industry since 2017, Safehold specializes in providing innovative real estate ownership solutions that help property owners maximize value and generate higher returns with reduced risk. The company operates as a Real Estate Investment Trust (REIT) and focuses on high-quality properties across various sectors including multifamily, office, industrial, hospitality, and life science.
Safehold Inc. (NYSE: SAFE) ha annunciato la conclusione di un accordo di locazione a terreno per The Benjamin, un nuovo progetto multifamiliare con 364 unità nell'area metropolitana di Boston. Questo rappresenta la prima collaborazione di Safehold con The Michaels Organization, un importante investitore e sviluppatore nazionale nel settore multifamiliare. L'accordo rafforza la presenza crescente di Safehold nel settore multifamiliare, dove attualmente gestisce oltre 85 proprietà nei principali mercati statunitensi.
Come pioniere dell'industria moderna delle locazioni a terreno dal 2017, Safehold si specializza nel fornire soluzioni innovative di proprietà immobiliare che aiutano i proprietari a massimizzare il valore e ottenere rendimenti più elevati con un rischio ridotto. L'azienda opera come Real Estate Investment Trust (REIT) e si concentra su immobili di alta qualità in diversi settori, tra cui multifamiliare, uffici, industriale, ospitalità e scienze della vita.
Safehold Inc. (NYSE: SAFE) ha anunciado el cierre de un contrato de arrendamiento de terreno para The Benjamin, un nuevo proyecto multifamiliar de 364 unidades en el área metropolitana de Boston. Esta es la primera colaboración de Safehold con The Michaels Organization, un destacado inversor y desarrollador nacional en el sector multifamiliar. El acuerdo refuerza la creciente presencia de Safehold en el sector multifamiliar, donde actualmente posee más de 85 activos en los principales mercados de EE.UU.
Como pionero de la industria moderna de arrendamientos de terreno desde 2017, Safehold se especializa en ofrecer soluciones innovadoras de propiedad inmobiliaria que ayudan a los propietarios a maximizar el valor y generar mayores rendimientos con menor riesgo. La empresa opera como un Real Estate Investment Trust (REIT) y se enfoca en propiedades de alta calidad en diversos sectores, incluyendo multifamiliar, oficinas, industrial, hospitalidad y ciencias de la vida.
Safehold Inc. (NYSE: SAFE)는 보스턴 대도시권에 위치한 364가구 규모의 신규 다가구 주택 개발 프로젝트인 The Benjamin에 대한 토지 임대 계약 체결을 발표했습니다. 이번 계약은 Safehold가 저명한 전국 다가구 투자자이자 개발사인 The Michaels Organization와 처음으로 협력하는 사례입니다. 이 거래는 현재 미국 주요 시장에서 85개 이상의 자산을 보유하며 다가구 부문에서 입지를 확장 중인 Safehold의 성장을 더욱 공고히 합니다.
2017년부터 현대 토지 임대 산업의 선구자로 자리매김한 Safehold는 부동산 소유권 혁신 솔루션을 제공하여 자산 소유주가 가치를 극대화하고 위험을 줄이면서 더 높은 수익을 창출할 수 있도록 지원합니다. 이 회사는 부동산 투자 신탁(REIT)으로 운영되며, 다가구, 사무실, 산업, 환대, 생명과학 등 다양한 부문의 고품질 자산에 중점을 두고 있습니다.
Safehold Inc. (NYSE: SAFE) a annoncé la conclusion d'un contrat de bail foncier pour The Benjamin, un nouveau projet résidentiel multifamilial de 364 unités dans la région métropolitaine de Boston. Il s'agit de la première collaboration de Safehold avec The Michaels Organization, un investisseur et promoteur national majeur dans le secteur multifamilial. Cet accord renforce la présence croissante de Safehold dans le secteur multifamilial, où elle gère actuellement plus de 85 actifs sur les principaux marchés américains.
Pionnier de l'industrie moderne du bail foncier depuis 2017, Safehold se spécialise dans la fourniture de solutions innovantes de propriété immobilière qui aident les propriétaires à maximiser la valeur et à générer des rendements plus élevés avec un risque réduit. La société opère en tant que Real Estate Investment Trust (REIT) et se concentre sur des propriétés de haute qualité dans divers secteurs, y compris le multifamilial, les bureaux, l'industriel, l'hôtellerie et les sciences de la vie.
Safehold Inc. (NYSE: SAFE) hat den Abschluss eines Grundstückspachtvertrags für The Benjamin bekannt gegeben, ein neues Mehrfamilienprojekt mit 364 Einheiten in der Metropolregion Boston. Dies markiert die erste Zusammenarbeit von Safehold mit The Michaels Organization, einem führenden nationalen Investor und Entwickler im Mehrfamilienbereich. Der Deal stärkt Safeholds wachsende Präsenz im Mehrfamiliensektor, in dem das Unternehmen derzeit über 85 Objekte in wichtigen US-Märkten betreut.
Als Pionier der modernen Grundstückspachtbranche seit 2017 spezialisiert sich Safehold auf innovative Immobilienbesitzlösungen, die Eigentümern helfen, den Wert zu maximieren und höhere Renditen bei reduziertem Risiko zu erzielen. Das Unternehmen agiert als Real Estate Investment Trust (REIT) und konzentriert sich auf hochwertige Immobilien in verschiedenen Sektoren, darunter Mehrfamilienhäuser, Büro, Industrie, Gastgewerbe und Life Sciences.
- First partnership with The Michaels Organization, a major national multifamily developer
- Expansion of portfolio in the strategic Boston MSA market
- Growing presence in multifamily sector with over 85 assets across top U.S. markets
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Insights
Safehold expands its ground lease portfolio with a new 364-unit multifamily development in Boston, demonstrating continued market penetration and business model validation.
Safehold's newly closed ground lease for The Benjamin development in Boston represents a strategic expansion of its multifamily portfolio in a prime metropolitan statistical area (MSA). The deal carries particular significance as it marks Safehold's first transaction with The Michaels Organization, a major national multifamily player, potentially opening doors for future collaborations and recurring revenue streams.
This transaction adds to Safehold's already substantial multifamily footprint, which now exceeds 85 assets across top U.S. markets. The company's ground lease model provides a compelling value proposition for developers by unlocking land value while offering lower-cost, long-term capital compared to traditional financing structures. This approach allows developers to potentially improve returns while maintaining operational control of their properties.
For multifamily developers facing challenging market conditions with elevated interest rates and construction costs, Safehold's ground lease solution represents an attractive alternative capital source. By separating land ownership from building ownership, developers can reduce their upfront capital requirements and potentially enhance their project returns.
The steady expansion of Safehold's portfolio, particularly in the multifamily sector, demonstrates continued market validation of their innovative ground lease model. Each new transaction further establishes Safehold's position as the pioneer in modernizing the traditionally fragmented ground lease industry, while generating growing, secure income streams backed by land ownership – one of the most fundamentally secure real estate investments.
"We're pleased to see the growing adoption of our ground lease solution for multifamily projects in top MSAs," said Tim Doherty, Safehold's Chief Investment Officer. "We're committed to delivering low-cost, long-term capital to help owners execute their business plans and maximize value."
"We continue to see our structure unlock efficiencies for ground-up developments and look forward to the opportunity to expand our relationship," added Michael Paresky, Vice President at Safehold.
Safehold's diversified portfolio of modern ground leases includes over 85 multifamily assets across the top markets in
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 | Pearse Hoffmann SVP, Head of Corporate Finance |
Michael Paresky Vice President, Investments |
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SOURCE Safehold
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