Locations

Southeast

Co-Head of Investments
tdoherty@istar.com
212.930.9433
Linkedin
Contact
Novel Music Row // Nashville, TN

Multifamily Acquisition

A new ground lease on a recently-constructed 275-unit Class A multifamily building in the Music Row submarket of Nashville.

Seeking low cost, low risk capital to help fund the acquisition of an existing mid-rise multifamily, The Dinerstein Companies utilized a Safehold™ ground lease just months after successfully completing a transaction in Orlando, FL. The Safehold™ ground lease enabled The Dinerstein Companies to achieve value-add returns on a core asset with less equity required.

As the first Safehold™ ground lease completed in the Nashville market and the second completed with The Dinerstein Companies, Safehold added another repeat customer while expanding into an attractive new market with significant long-term growth prospects.