Locations

Southeast

Co-Head of Investments
tdoherty@istar.com
212.930.9433
Linkedin
Contact
1111 PENNSYLVANIA AVE  //  WASHINGTON, DC

Gateway Trophy Office

In 2018, Safehold originated a new $150 million ground lease on a trophy office building located on Pennsylvania Avenue in Washington D.C.

Needing a better and more efficient capital solution, our institutional customer utilized a Safehold™ ground lease to help acquire a Class-A 14-story office building centrally-located directly between the White House and the Capitol Building. Relative to alternative fee simple financing options, Safehold’s ground lease capital solution helped create a competitive advantage and enabled our customer to win this coveted asset.

With a core location in a gateway market, the transaction signaled that Safehold can deliver its value-enhancing product to customers on the highest quality properties around the country.