Safehold Inc. $(SAFE)$, a leader in the modern ground lease industry, has announced the closing of a ground lease for The Benjamin, a 364-unit multifamily development project in the Boston metropolitan area. This transaction marks Safehold's first collaboration with The Michaels Organization, a prominent national multifamily investor and developer. The project highlights Safehold's commitment to providing low-cost, long-term capital to facilitate ground-up developments in key markets. Safehold's diversified portfolio now includes over 85 multifamily assets across top U.S. markets, showcasing the growing adoption of their ground lease solutions in the real estate sector.
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