Safehold Advances Affordable Housing Initiatives
Safehold Inc. (NYSE: SAFE), a pioneering force in the modern ground lease industry, has made a significant stride by finalizing a ground lease dedicated to developing an affordable housing community. This venture, located in the Warner Center area of the Woodland Hills neighborhood, aims to address a growing demand for affordable housing solutions.
Details of the Development Project
The upcoming affordable housing project is designed for low-income residents and will comprise a total of 207 housing units. The completion is anticipated in the year 2028. Meta Housing, a reputable firm specializing in affordable housing developments, is leading this initiative, showcasing the collaborative efforts required to tackle housing challenges in urban settings.
Insights from Safehold Leadership
Steve Wylder, the Head of Investments at Safehold, expressed enthusiasm for the partnership, noting, "We are excited to collaborate with the Meta team and contribute to a project that meets the significant need for affordable housing inventory in this area." This sentiment illustrates Safehold's dedication to enhancing its footprint in the affordable housing sector, responding to the undeniable demand for such projects.
Expanding Horizons in Affordable Housing
In a strategic move, Safehold established a dedicated Affordable Housing team in 2025, aimed at deepening its commitment to this vital sector. As the housing affordability crisis continues to affect many communities, Safehold’s efforts signify a proactive approach to creating sustainable housing solutions. The establishment of specialized teams is a testament to the company's focus on long-term growth within this domain.
About Safehold Inc.
Safehold Inc. (NYSE: SAFE) is revolutionizing the concept of property ownership by providing innovative ground leases that unlock the value of the land beneath buildings. Founded in 2017, the company helps owners of high-quality properties—including multifamily, affordable housing, and mixed-use developments—achieve better returns while minimizing risk. By functioning as a real estate investment trust (REIT), Safehold aims to deliver reliable income growth and sustained capital appreciation to its shareholders. The commitment to affordable housing aligns with its goals of broadening impact within the real estate landscape.
Transaction Contacts
For those interested in learning more about the project or collaborating, Safehold's transaction contacts can be reached as follows:
Steve Wylder
Head of Investments
T: 310.315.5566
Ethan Torbati
Vice President, Investments
T: 310.315.5580
Investor Relations
Safehold’s investor relations team is also available for inquiries:
Pearse Hoffmann
SVP, Head of Corporate Finance
T: 212.930.9400
Frequently Asked Questions
What is the significance of the ground lease closing by Safehold?
The ground lease closing represents Safehold's commitment to affordable housing development, addressing a crucial community need.
Who is developing the affordable housing project?
Meta Housing, a notable firm in affordable housing, is leading the development of the project.
What are the project’s expected completion timeline and total units?
The project is expected to be completed in 2028, providing 207 housing units.
How is Safehold supporting the affordable housing sector?
Safehold established a dedicated Affordable Housing team in 2025 to enhance its investment strategies aimed at this sector.
What is Safehold's approach to real estate investment?
Safehold focuses on offering ground leases that maximize land value while providing safe, growing income streams to investors.
