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Locations

Southeast

Co-Head of Investments
tdoherty@istar.com
212.930.9433
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Contact

The revolution

Has begun

A Safehold™ Ground lease maximizes your returns

Better capital and returns for owners, developers and operators of high-quality commercial real estate.
unlocking value

MODERN, CUSTOMER-FRIENDLY GROUND LEASES

We’ve reinvented the ground lease to give our customers a capital advantage. Designed to work seamlessly in today’s real estate finance markets, our ground leases deliver enhanced returns relative to traditional financing. Customers across our portfolio have harnessed the power of a Safehold™ ground lease.
HIGHER returns

BUILDING OWNERS SHOULDN’T BE LAND OWNERS

In creating the Safehold™ ground lease, we asked ourselves why should building owners targeting a 15-plus percent ROE be forced to own the underlying land at a five percent ROE? And it’s simple: they shouldn’t. Safehold’s ground leases deliver higher cash-on-cash returns and overall IRRs than fee simple ownership.
lower risk

minimize interest rate & refinancing risk

Safehold™ ground leases limit the uncertainty of maturity risk by providing ultra-long duration capital at a low cost of funds, predictable year after year. That helps our customers better manage liquidity, even in an uncertain world.
FLEXIBLE STRUCTURE

GROUND LEASES CUSTOMIZED
TO YOUR NEEDS

Safehold™ ground leases can be part of the capital structure of almost any property within the $7 trillion+ commercial real estate industry. Our custom-tailored solutions are designed to give you a competitive advantage.
INSTITUTIONAL SCALE

OUR SWEET SPOT: THE SAFEHOLD™ Ground LEASE

Transaction Size: $15M – $500M
Property Types: Office, Multifamily, Hospitality, Medical Office,
Retail, Industrial, Student Housing
Cap Rate Range: 3.5% – 4.75%
Ground Lease to Property Value: 25% – 40%
Coverage Range: 3.0x – 5.0x
Geography: Top 25 Markets Nationwide

better

capital

LET’S BUILD THE FUTURE TOGETHER

As the first publicly-traded company (NYSE: SAFE) focused on revolutionizing ground leases, we are the first movers in the space on a mission to transform the commercial real estate market. Join us on the path to a better future with better capital.