Safety, Income & Growth Originates New Ground Lease In Atlanta

2 min read

NEW YORK–(BUSINESS WIRE)– Safety, Income & Growth Inc. (NYSE:SAFE), the leading company focused on ground leases, announced it has originated a new ground lease on two office buildings, 100 & 200 Glenridge Point, in the Central Perimeter submarket of Atlanta, Georgia with repeat client Richmond Honan.

This press release features multimedia. View the full release here:

The transaction marks the third time Richmond Honan has utilized a SAFE Ground Lease™ solution and represents SAFE’s fourth successful ground lease in Atlanta, GA. The ground lease features fixed annual rent escalations over 99 years with periodic CPI-based adjustments. The two adjacent Glenridge Point buildings are both five stories and total 185,000 sf. The property is well-located at the intersection of GA-400 and I-285, near three hospital systems, three MARTA transit stations, and multiple corporate headquarters.

“We are building strong momentum in the Atlanta marketplace. The SAFE Ground Lease™ provides a low-cost, long-duration solution that continues to enable clients to unlock value and achieve better returns,” said Greg Camia, Senior Vice President in the Atlanta office.

Safety, Income & Growth Inc. (NYSE: SAFE) is the first publicly traded company that focuses on acquiring, owning, managing and capitalizing ground leases. The Company seeks to provide safe, growing income and capital appreciation to shareholders by building a diversified portfolio of high quality ground leases. The Company, which is taxed as a real estate investment trust (REIT), is managed by its largest shareholder, iStar Inc. Additional information on SAFE is available on its website at

Client Contacts:
Tim Doherty, 212-930-9433
Executive Vice President
Head of Ground Lease Investments
Greg Camia, 678-339-2014
Senior Vice President
Investor Relations Contact:
Safety, Income & Growth Inc.
Jason Fooks, 212-930-9400
Vice President
Investor Relations & Marketing

Source: Safety, Income & Growth Inc.

Connect with Safehold

East Coast

Tim Doherty

Chief Investment Officer

West Coast

Steve Wylder


Ryan Howard

Stay in the loop

Subscribe to have the latest updates, insights and more delivered straight to your inbox.