$Safehold Inc(SAFE-W)$. has closed a ground lease for the development of an affordable housing community in the San Fernando Valley area of Los Angeles, California. The project, developed by The Pacific Companies, will provide 275 units upon its expected delivery in 2029. This initiative is part of Safehold's growing focus on affordable housing, utilizing its ground lease capital to help address funding gaps amid rising costs and interest rates. Safehold established a dedicated affordable housing team in 2025 to expand its investments within the sector.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Safehold Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: NY05071) on October 27, 2025, and is solely responsible for the information contained therein.