Safehold Secures Ground Lease for Major Multifamily Project

Author: Evelyn Baker Updated: 05-27-2025 04:09 PM

Strategic Ground Lease Agreement Announced by Safehold

Safehold Inc. (NYSE: SAFE), a leader in the innovative ground lease sector, has made headlines with the completion of a groundbreaking lease to initiate development on The Benjamin, a state-of-the-art multifamily project. This development consists of 364 units and is situated within the Boston Metropolitan Statistical Area (MSA). What makes this partnership particularly exciting is that it marks Safehold's inaugural collaboration with The Michaels Organization, a prominent player in the national multifamily investment and development space.

Enhancing Multifamily Real Estate Opportunities

Tim Doherty, Safehold's Chief Investment Officer, expressed confidence regarding the expansion of their ground lease offerings. "We are thrilled to witness the increasing acceptance of our ground lease model for multifamily enterprises in top markets". This reflects Safehold's commitment to supplying affordable, long-term capital, aiding developers in executing their strategic business goals while optimizing their property value.

Unlocking Potential

Furthermore, Michael Paresky, the Vice President of Safehold, noted, "We consistently observe that our structure generates efficiencies, especially for newly constructed developments, and we eagerly anticipate further opportunities to strengthen our affiliation with The Michaels Organization." This partnership signals a pivotal moment for Safehold as they work diligently to enhance their multifamily asset portfolio.

A Robust Multi-Asset Portfolio

Currently, Safehold maintains a diversified portfolio featuring over 85 modern ground leases across various high-demand markets in the United States. This strategic positioning allows the company to capitalize on lucrative opportunities within the multifamily sector, a vital area of real estate that continues to thrive in urban centers.

About Safehold

Safehold Inc. (NYSE: SAFE) is on a mission to revolutionize real estate ownership by introducing more efficient methods for landowners to realize the full value of the properties beneath their structures. Since its establishment in 2017, Safehold has significantly impacted the ground lease landscape and continues to support stakeholders in various sectors, including multifamily, affordable housing, and commercial properties. The Company operates as a real estate investment trust (REIT) and aims to provide stable, growing income along with long-term appreciation for its investors.

Frequently Asked Questions

What recent partnership did Safehold announce?

Safehold announced a partnership with The Michaels Organization to develop The Benjamin, a new multifamily project.

How many units will The Benjamin development include?

The Benjamin development will consist of 364 multifamily units.

What is Safehold's main business focus?

Safehold focuses on modern ground leases, providing a contemporary alternative for real estate ownership.

In what markets does Safehold operate?

Safehold operates across various high-demand markets in the United States, offering over 85 multifamily assets.

What is the role of Tim Doherty in Safehold?

Tim Doherty serves as Safehold's Chief Investment Officer, overseeing investment strategies and partnerships.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

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