Safehold Closes Four Ground Leases for Affordable Multifamily Assets
Safehold Closes Four Ground Leases for Affordable Multifamily Assets
NEW YORK, July 8, 2024 /PRNewswire/ -- Safehold Inc. (NYSE: SAFE), the creator and leader of the modern ground lease industry, has closed on ground leases to facilitate the ground-up development of four affordable housing communities in Northern California. The low-income tax credit developments total 781 units across four locations: three in San Jose and one in Concord, California. The projects will be built by The Pacific Companies, a prolific and highly experienced developer of affordable housing throughout the Western United States.
2024年7月8日，紐約 / PRNewswire / - Safehold Inc. (NYSE:SAFE)，現代土地租賃行業的創造者和領導者，已經完成了四個北加州經濟適用房社區的地租以促進從頭開始的發展。這些低收入稅收開發計劃總共有781個單元，分佈在加利福尼亞州聖何塞市的三個地點和科考德市的一個地點。這些項目將由 The Pacific Companies 建造，後者是美國西部經濟適用房的大規模經驗豐富的開發商。
"We are thrilled to expand our relationship with The Pacific Companies, and to play a role in meeting the significant unmet demand for affordable housing," said Safehold's EVP, Head of Investments Steve Wylder. "We have quickly expanded our presence in the affordable housing space, and are finding that our long-term, low-cost ground lease capital can help to fill gaps, drive a lower cost of capital, and help high-quality projects like these move forward."
“我們很高興能夠擴大與The Pacific Companies的合作關係，發揮我們在經濟適用房領域的作用，填補空缺，推動資本成本降低，並幫助這些高質量項目向前發展。” Safehold 的執行副總裁兼投資負責人 Steve Wylder 說。
Safehold closed a total of six ground lease transactions during the second quarter of 2024.
Safehold在2024年第二季度總共完成了6筆土地租賃交易。
"We have closed $6.5 billion of ground lease investments to date and are encouraged by recent dialogue with the market," added Safehold's Chief Investment Officer Tim Doherty. "We will continue to use our strong balance sheet to scale our platform across the country, with the ability to innovate and meet market and client needs."
“到目前爲止，我們已經完成了65億美元的土地租賃投資，並對市場的最新對話感到鼓舞，”Safehold首席投資官Tim Doherty補充說。“我們將繼續利用我們強大的資產負債表，在全國範圍內擴大平台規模，並有能力進行創新，滿足市場和客戶需求。”
About Safehold:
關於Safehold：
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, 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 .
Safehold股份有限公司（紐交所代碼：SAFE）通過提供一種新的、更好的方式，使業主能夠釋放他們建築物下地面的價值，正在改革房地產所有權的方式。Safehold創立於2017年現代地上租賃行業，繼續幫助高質量多戶型、辦公、工業、酒店、學生住房、生命科學和混合用途房產的業主以更少的風險獲得更高的回報。該公司被視爲房地產投資信託（REIT）並尋求向股東提供安全的、不斷增長的收入和長期資本增值。Safehold的網站上提供了有關Safehold的其他信息。
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Transaction Contacts:
EVP, Head of Investments Ethan Torbati Vice President, Investments |
Investment Team and IR Contacts: Tim Doherty Chief Investment Officer Pearse Hoffmann Senior Vice President Capital Markets & Investor Relations |
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交易聯繫人：
執行副總裁、投資主管 伊桑·託巴蒂（Ethan Torbati） 副總裁、投資主管 |
投資團隊和投資者關係聯繫人： 蒂姆·多爾蒂（Tim Doherty） 首席投資官 皮爾斯·霍夫曼（Pearse Hoffmann） 高級副總裁 資本市場和投資者關係 |
SOURCE Safehold
來源：safehold
譯文內容由第三人軟體翻譯。