Safehold Closes Six Ground Leases for Affordable Housing Developments in Los Angeles
Safehold (NYSE: SAFE) closed six ground leases to finance the development of six Low-Income Tax Credit affordable housing communities in Los Angeles with a newly formed developer, HVN Development. The projects are expected to deliver more than 400 units across West and Central Los Angeles and the San Fernando Valley, with completion targeted in 2027. Safehold highlighted its 99-year ground lease capital as a low-cost funding tool to advance LIHTC developments and noted these are infill locations with strong unmet demand. Additional information is available on Safehold's affordable housing platform.
Safehold (NYSE: SAFE) ha chiuso sei contratti di locazione a terra per finanziare lo sviluppo di sei comunità abitative a reddito agevolato (LIHTC) a Los Angeles con un sviluppatore di nuova formazione, HVN Development. I progetti dovrebbero fornire più di 400 unità distribuite tra West e Central Los Angeles e la San Fernando Valley, con completamento previsto nel 2027. Safehold ha evidenziato il capitale da locazione a terra di 99 anni come uno strumento di finanziamento a basso costo per avanzare gli sviluppi LIHTC e ha osservato che si tratta di aree di riempimento con una forte domanda non soddisfatta. Ulteriori informazioni sono disponibili sulla piattaforma di alloggi a prezzi accessibili di Safehold.
Safehold (NYSE: SAFE) cerró seis arrendamientos de terrenos para financiar el desarrollo de seis comunidades de vivienda asequible bajo LIHTC en Los Ángeles con un desarrollador recientemente formado, HVN Development. Se espera que los proyectos entreguen más de 400 unidades en West y Central Los Ángeles y el Valle de San Fernando, con la finalización prevista para 2027. Safehold destacó su capital de arrendamiento de terreno de 99 años como una herramienta de financiación de bajo costo para impulsar desarrollos LIHTC y señaló que se trata de ubicaciones de relleno con una fuerte demanda insatisfecha. Se puede encontrar información adicional en la plataforma de vivienda asequible de Safehold.
Safehold (NYSE: SAFE)은 HVN Development라는 신규 설립 개발자와 함께 로스앤젤레스의 LIHTC 저소득 주택 개발을 위한 여섯 개의 지상 임대를 체결했습니다. 이 프로젝트들은 로스앤젤레스 서부·중부 및 샌페드로 밸리 전역에서 400개가 넘는 유닛을 제공할 것으로 예상되며, 2027년에 완료를 목표로 합니다. Safehold는 99년 지상 임대 자본을 LIHTC 개발을 위한 저비용 자금 조달 도구로 강조했고, 이러한 위치가 보완 필요 수요가 강한 인필(infill) 지역임을 지적했습니다. 안전 주택 플랫폼에서 추가 정보를 확인할 수 있습니다.
Safehold (NYSE: SAFE) a conclu six baux au sol pour financer le développement de six communautés de logements abordables sous LIHTC à Los Angeles avec un développeur nouvellement constitué, HVN Development. Les projets devraient fournir plus de 400 logements répartis dans l'ouest et le centre de Los Angeles et la vallée de San Fernando, avec une achèvement prévu en 2027. Safehold a mis en évidence son capital issu de bail à terre de 99 ans comme un outil de financement à faible coût pour favoriser les développements LIHTC et a noté qu'il s'agit d'emplacements d'infill avec une forte demande non satisfaite. D'autres informations sont disponibles sur la plateforme de logements abordables de Safehold.
Safehold (NYSE: SAFE) hat sechs Bodenleases abgeschlossen, um die Entwicklung von sechs LIHTC-über erschwingliche Wohnungsgemeinschaften in Los Angeles mit dem neu gegründeten Entwickler HVN Development zu finanzieren. Die Projekte sollen mehr als 400 Einheiten in West- und Zentral-Los Angeles sowie dem San Fernando Valley bereitstellen, mit einem Abschlussziel im 2027. Safehold hob sein 99-Jahres-Bodenleasing-Kapital als kostengünstiges Finanzierungsinstrument zur Förderung von LIHTC-Entwicklungen hervor und merkte an, dass es sich um Infill-Standorte mit starker unbefriedigter Nachfrage handelt. Weitere Informationen finden Sie auf Safeholds Plattform für erschwinglichen Wohnraum.
Safehold (NYSE: SAFE) أغلقت ستة عقود إيجار أرضي لتمويل تطوير ست مجتمعات سكنية ميسورة التكلفة بموجب LIHTC في لوس أنجلوس مع المطور الجديد HVN Development. من المتوقع أن توفر المشاريع أكثر من 400 وحدة عبر غرب ووسط لوس أنجلوس ووادي سان فرناندو، مع هدف الإنجاز في 2027. وأبرزت Safehold رأسمال إيجار الأرض لمدة 99 عامًا كأداة تمويل منخفضة التكلفة لدفع التطويرات LIHTC وأشير إلى أن هذه المواقع تقع في مناطق داخلية مع طلب غير مُلبّى قوي. معلومات إضافية متاحة على منصة الإسكان الميسور لـ Safehold.
- Closed six ground leases to fund LIHTC affordable housing developments
- Supports development of more than 400 units across Los Angeles
- Projects target completion in 2027
- Uses 99-year ground lease capital to advance affordable housing
- None.
Insights
Safehold closed six ground leases to fund >400 affordable units in Los Angeles, completed by
Safehold used its 99-year ground-lease capital to secure six Low-Income Housing Tax Credit developments with developer HVN Development. The structure preserves building ownership economics for developers while enabling Safehold to originate long-dated lease cash flows tied to affordable multifamily projects. The deal count (six sites) and scale (more than 400 units) imply a meaningful programmatic commitment to the firm’s Affordable Housing platform.
Execution depends on project completion, LIHTC compliance, and portfolio underwriting; delays in construction, tax-credit syndication, or entitlement could change timing or cash collection. The announcement states completion in
"We are excited to establish a relationship with the team at HVN and continue expanding our presence in the Affordable Housing sector," said Steve Wylder, Safehold's Head of Investments. "We are finding our low-cost, 99-year ground lease capital can be very useful in moving these LIHTC projects forward."
The developments will provide more than 400 total units upon completion in 2027, across neighborhoods in West and
"These are high-quality infill locations with significant unmet demand for affordable product, and we are pleased our capital could play a role in delivering these communities," added Ethan Torbati, Vice President at Safehold.
Additional information on Safehold's Affordable Housing platform is available at www.safeholdaffordablehousing.com.
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.
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Transaction Contacts:
Head of Investments
Ethan Torbati
Vice President, Investments |
IR Contact:
Pearse Hoffmann
SVP, Head of Corporate Finance
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SOURCE Safehold
FAQ
What did Safehold (SAFE) announce on November 4, 2025 about Los Angeles projects?
How many affordable housing units will Safehold's new ground leases in LA deliver and when?
Who is the developer partnered with Safehold for the six Los Angeles LIHTC projects (SAFE)?
What financing structure is Safehold (SAFE) using for the affordable housing deals in Los Angeles?
Which Los Angeles neighborhoods will the Safehold-backed affordable housing projects serve?
Where can investors find more information about Safehold's affordable housing platform (SAFE)?
