Safehold Closes Second Affordable Housing Ground Lease in Texas

(NYSE: SAFE) Safehold Inc. has closed on a ground lease for the development of an Affordable Housing community in Austin, Texas. The Low-Income Housing Tax Credit (LIHTC) development will provide 336 total units upon delivery in 2028. The project will be developed by The NRP Group, which has developed more than 62,000 apartment homes and currently manages over 30,000 residential units. This transaction represents Safehold's second transaction with NRP in Austin this year, both new construction 4% LIHTC developments. The development is supported by tax credit equity from Huntington Bank, with construction and permanent financing arranged by Berkadia. Safehold established a dedicated Affordable Housing team in 2025 and has continued to expand its investment into the sector. The NRP Group has won three NAHB Pillar awards since 2020 for Development, Construction and Ones to Watch.

Safehold Closes $45 Million Affordable Housing Ground Lease in Santa Cruz, California

(NYSE: SAFE) Safehold Inc. has closed on a $45 million ground lease for the development of an Affordable Housing community in the Soquel area of Santa Cruz, California. The project will be developed by The Pacific Companies and will provide a total of 256 units upon delivery in 2028. Wells Fargo and Citi Community Capital provided both construction financing and tax credit equity, with Citi providing permanent financing for the project. This is Safehold's second recent Affordable Housing ground lease in the Santa Cruz area and is part of a broader effort to expand the firm's focus on the Affordable sector. The project is a Low-Income Housing Tax Credit development. Safehold created the modern ground lease industry in 2017 and is taxed as a real estate investment trust (REIT). Additional information on Safehold's Affordable Housing platform is available at www.safeholdaffordablehousing.com.

Safehold Closes $225 Million Private Placement of Structured Senior Unsecured Notes Due 2056

(NYSE: SAFE) Safehold Inc. announced that its operating company, Safehold GL Holdings LLC, has signed a definitive note purchase agreement for a private placement of $225 million aggregate principal amount of senior unsecured notes due August 1, 2056. Pricing on May 28, 2026 was based on the 30-year Treasury rate of 4.99% plus a spread of 162.5 basis points, resulting in an all-in coupon of 6.615%. The Notes feature a stairstep coupon structure with a starting cash interest rate of 4.00%, increasing to 4.50% in year 5, 5.00% in year 9, 5.50% in year 13, 6.00% in year 17, and 6.615% in year 21. The company has recently terminated hedges and realized a cash settlement gain of approximately $30 million. Giving effect to this gain, the company expects to recognize an effective semi-annual yield to maturity on the Notes of approximately 5.83%. Morgan Stanley & Co. LLC served as Lead Placement Agent, and RBC Capital Markets served as a co-placement agent. The operating company intends to use the net proceeds from the offering for general corporate purposes, which may include repaying borrowings under its unsecured revolver, making additional investments in ground leases, providing for working capital, and funding obligations under existing commitments.

Safehold Declares Second Quarter 2026 Common Stock Dividend

(NYSE: SAFE) Safehold Inc. announced that the Company's Board of Directors has declared common stock dividends of $0.177 per share for the second quarter of 2026. The dividend represents an annualized rate of $0.708 per share. The dividend is payable on July 15, 2026 to holders of record on June 30, 2026. Safehold Inc. is taxed as a real estate investment trust (REIT). The company states it is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings. Safehold created the modern ground lease industry in 2017. The company seeks to deliver safe, growing income and long-term capital appreciation to its shareholders.

Safehold Announces Joint Venture with Brookfield for Diversified Ground Lease Portfolio

(NYSE: SAFE) Safehold Inc. announced that it has formed a joint venture with a Brookfield affiliate on a portfolio of ground leases at a gross valuation of approximately $348 million. The assets contributed by Safehold are diversified across the United States and generate current annualized cash ground rent of approximately $14 million. Brookfield will purchase a non-controlling 49% interest in the venture. Safehold will retain a series of call options beginning after year 7 to repurchase Brookfield's interest. The venture is expected to be consolidated on Safehold's financial statements and Brookfield's investment will be recognized as an equity non-controlling interest. Safehold will use net proceeds for debt repayment and general corporate purposes. Eastdil Secured, L.L.C. and BofA Securities acted as advisors to Safehold.

Safehold Closes Two Affordable Housing Ground Leases in California

Safehold Inc. (NYSE: SAFE) announced the closing of ground leases for the development of two Affordable Housing communities in Santa Cruz and Santa Clarita, California. The projects will be developed by CRP Affordable Housing & Community Development, marking them as a new customer for Safehold. The Low-Income Tax Credit developments are set to provide a total of 211 units upon delivery in 2028. Citi Community Capital is providing construction and permanent financing for both projects. Safehold emphasized its ongoing expansion and support of the Affordable Housing industry and highlighted the helpfulness of its ground lease capital in advancing these projects. The company continues to focus on revolutionizing real estate ownership through modern ground leases. Additional information about Safehold's Affordable Housing platform is available on their website.

Safehold Reports First Quarter 2026 Results

Safehold Inc. (NYSE: SAFE) reported its first quarter 2026 results, with Q1'26 revenue of $110.9 million and net income attributable to common shareholders of $28.9 million. The company closed $68 million of new originations, including 3 ground leases for $54 million and one leasehold loan for $14 million. Estimated Unrealized Capital Appreciation increased to $9.5 billion. Safehold highlighted its first LIHTC closing in Texas and noted a pipeline of non-binding LOIs totaling approximately $255 million. The company will host an earnings conference call on April 30, 2026.

Notice of Interim Results

Safestore Holdings plc has announced that it will release its Interim Results for the six months ended 30 April 2026 on Thursday, 11 June 2026. A live audio webcast for analysts and professional investors will be held at 9:30am on the morning of the results announcement. Interested parties are instructed to contact FTI Consulting for further details or to register interest. The announcement is distributed by RNS, the news service of the London Stock Exchange, and is approved by the Financial Conduct Authority in the United Kingdom.