NYSE:SAFESpecialized REITs
How Investors May Respond To Safehold (SAFE) Expanding Into California Affordable Housing Ground Leases
Safehold Inc. recently closed ground leases for two Low-Income Tax Credit affordable housing communities in Santa Cruz and Santa Clarita, California, totaling 211 units scheduled for delivery in 2028 with development by CRP Affordable Housing & Community Development and financing from Citi Community Capital.
This expansion into California affordable housing with a new sponsor relationship highlights Safehold’s role in supplying long-term capital to high-need residential markets.
We’ll now...