Safehold Closes $180 Million Ground Lease In New York City
NEW YORK–(BUSINESS WIRE)–Dec. 23, 2019– Safehold Inc. (NYSE: SAFE) has closed on the previously announced $180 million Safehold™ ground lease under the office property at 685 Third Avenue in New York City. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191223005129/en/ “We are happy to close out this record-breaking year with another core Safehold transaction, helping a strong institutional buyer acquire […]
Safehold Declares Fourth Quarter 2019 Common Stock Dividend
NEW YORK–(BUSINESS WIRE)–Dec. 23, 2019– Safehold Inc. (NYSE:SAFE) announced today that the Company’s Board of Directors has declared common stock dividends of $0.156 per share for the fourth quarter of 2019. The dividend represents an annualized rate of $0.624 per share and is payable on January 15, 2020 to holders of record on January 3, 2019. About Safehold: Safehold Inc. (NYSE:SAFE) is revolutionizing real estate […]
Safehold Closes A New $285 Million Ground Lease In New York City
NEW YORK–(BUSINESS WIRE)–Dec. 12, 2019– Safehold Inc. (NYSE: SAFE) has closed on the previously announced $285 million Safehold™ ground lease under the office property at 135 West 50th Street in New York City. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191212005794/en/ “We are witnessing significant customer demand for our innovative capital solution in New York City,” said Marcos Alvarado, President […]
REIT.COM: Safehold Prospering In Niche Ground Lease Segment
Safehold Closes Approximately $620 Million Ground Lease At 425 Park Avenue In New York City
NEW YORK–(BUSINESS WIRE)–Dec. 2, 2019– Safehold Inc. (NYSE: SAFE) reported that it has closed on the previously announced acquisition of the existing ground lease at 425 Park Avenue in New York, NY for approximately $620 million. In connection with this transaction, the Company entered into a joint venture agreement with a sovereign wealth fund in early September. Safehold owns approximately 55% of […]
Safehold Announces Upsizing And Pricing Of Public Offering And Concurrent Private Placement
NEW YORK–(BUSINESS WIRE)–Nov. 19, 2019– Safehold Inc. (NYSE: SAFE) (the “Company”) announced today that it has priced an underwritten public offering of 3,000,000 shares of its common stock at a price of $34.00 per share for total gross proceeds of approximately $102.0 million. The public offering was upsized from the previously announced 2,000,000 shares of common stock. In connection with […]
Safehold Announces Public Offering And Concurrent Private Placement
NEW YORK–(BUSINESS WIRE)–Nov. 18, 2019– Safehold Inc. (NYSE:SAFE) (the “Company”) announced today that it has commenced an underwritten public offering to sell 2,000,000 shares of its common stock. The Company intends to grant the underwriters in the offering a 30-day option to purchase up to an additional 300,000 shares of its common stock. Concurrently with the completion […]
Safehold Signs Agreement To Originate New $180 Million Ground Lease In New York City
NEW YORK–(BUSINESS WIRE)–Nov. 18, 2019– Safehold Inc. (NYSE: SAFE) announced it has entered into a definitive agreement with an institutional investment manager to create a new $180 million Safehold™ ground lease under the office property at 685 Third Avenue in New York City. The transaction is expected to close in 2019, and is subject to customary closing conditions. This press release features […]
Safehold Closes $275 Million Manhattan Ground Lease At 195 Broadway
NEW YORK–(BUSINESS WIRE)–Nov. 7, 2019– Safehold Inc. (NYSE: SAFE) has closed on the previously announced Safehold™ ground lease under 195 Broadway in New York City for $275 million. The newly created ground lease helped a large institutional customer efficiently capitalize the purchase of this iconic building. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191107005720/en/ “The closing of 195 Broadway highlights the growing […]
Safehold Reports Third Quarter 2019 Results
NEW YORK–(BUSINESS WIRE)–Oct. 24, 2019– Safehold Inc. (NYSE: SAFE) reported results for the third quarter 2019. Highlights for the quarter include: “We achieved several significant breakthroughs this quarter,” said Jay Sugarman, Chairman and Chief Executive Officer. “On the customer front, we booked record originations, notably on a new tier of high-quality assets with global institutional customers. On the […]
