Strong Growth in Multifamily Ground Leases
Safehold originated 8 multifamily ground leases totaling $76 million in the third quarter and fourth quarter to date, with a weighted average economic yield of 7.3%.
Uptick in Economic Yields
New originations have been achieving economic yields up to 7.5%, indicating strong profitability potential.
Robust Liquidity Position
Safehold ended the quarter with approximately $1.1 billion of liquidity supported by potential available capacity in joint ventures.
High Credit Ratings
Safehold maintains strong credit ratings with A3 stable outlook by Moody's, A- stable outlook by Fitch, and BBB+ positive outlook by S&P.