Safehold Inc. (NYSE: SAFE), the creator and leader of the modern ground lease industry, has closed on a ground lease to facilitate the recapitalization of a stabilized, 336-unit multifamily property in the growing Florida Space Coast. The deal is Safehold’s 18th in Florida and first with JT Capital, an experienced Texas-based investment management firm.
“We’re thrilled to establish a relationship with JT Capital and expand our modern ground lease footprint,” said Tim Doherty, Safehold’s Chief Investment Officer. “We continue to leverage the efficiencies of our structure to help owners access lower-cost, long-term capital.”
“We’re proud to deliver a capital structure tailored to JT Capital’s strategic goals that showcases our commitment to unlocking value and executing quickly,” added Emily Jones, Vice President at Safehold.
Safehold provided a leasehold loan in addition to a long-term ground lease to facilitate the transaction.
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, affordable housing, 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.
JT Capital is a private real estate investment firm that acquires institutional-grade multifamily assets while focusing on long-term growth and value. We believe in a commitment to excellence and compounding your wealth journey. JT Capital was founded by siblings Sapan Talati and Puja Talati to pursue investments in institutional-grade multifamily apartments, to foster stronger communities and a more sustainable world. The genesis of JT Capital is marked by an unwavering commitment to integrity, innovation, and excellence.
