1. Safehold secures ground lease for a 336-unit property in Florida. 2. This is Safehold's 18th deal in Florida, signaling strong regional expansion. 3. Collaboration with JT Capital enhances their capital structure and investment strategy. 4. Safehold aims to provide lower-cost, long-term capital for property owners. 5. The company continues to drive growth in the modern ground lease industry.
The partnership with JT Capital could bolster SAFE’s growth trajectory, similar to previous expansions that led to stock gains.
The collaboration and expansion into Florida enhance SAFE's portfolio and market presence.
Establishing strong partnerships lowers risks and increases returns for SAFE investors over time.
NEW YORK, June 2, 2025 /PRNewswire/ -- Safehold Inc. (NYSE: SAFE), the creator and leader of the modern ground lease industry, has closed on a ground lease to facilitate the recapitalization of a stabilized, 336-unit multifamily property in the growing Florida Space Coast. The deal is Safehold's 18th in Florida and first with JT Capital, an experienced Texas-based investment management firm.
"We're thrilled to establish a relationship with JT Capital and expand our modern ground lease footprint," said Tim Doherty, Safehold's Chief Investment Officer. "We continue to leverage the efficiencies of our structure to help owners access lower-cost, long-term capital."
"We're proud to deliver a capital structure tailored to JT Capital's strategic goals that showcases our commitment to unlocking value and executing quickly," added Emily Jones, Vice President at Safehold.
Safehold provided a leasehold loan in addition to a long-term ground lease to facilitate the transaction.
Safehold Inc. (NYSE: SAFE) is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings. Having created the modern ground lease industry in 2017, Safehold continues to help owners of high-quality multifamily, affordable housing, office, industrial, hospitality, student housing, life science, and mixed-use properties generate higher returns with less risk. The Company, which is taxed as a real estate investment trust (REIT), seeks to deliver safe, growing income and long-term capital appreciation to its shareholders. Additional information on Safehold is available on its website at www.safeholdinc.com.
IR Contact:
Tim Doherty
Chief Investment Officer
T: 212.930.9433
E: tim.doherty@safeholdinc.com
Pearse Hoffmann
SVP, Head of Corporate Finance
T: 212.930.9400
E: pearse.hoffmann@safeholdinc.com
Emily Jones
Vice President, Investments
T: 310.315.5580
E: emily.jones@safeholdinc.com