Safehold Inc. Closes Ground Lease for 259-Unit Multifamily Development in Downtown San Diego

Reuters

26 Jun

$Safehold Inc(SAFE-W)$. Closes Ground Lease for 259-Unit Multifamily Development in Downtown San Diego

Safehold Inc. $(SAFE)$, the pioneer of the modern ground lease industry, has finalized a ground lease and leasehold loan to support the development of a 259-unit multifamily project in San Diego's East Village neighborhood. Announced on June 26, 2025, this eight-story development will be spearheaded by Riaz Capital, a California-based developer investing through their Qualified Opportunity Zone fund. Steve Wylder, Safehold's Head of Investments, highlighted the high quality of the project and the company's growing presence in San Diego's improving Downtown market. This initiative reflects Safehold's commitment to providing comprehensive financing solutions, including ground lease and debt capital, to its clients.

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: NY09478) on June 26, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Closes Ground Lease for 259-Unit Multifamily Development in Downtown San Diego","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      $Safehold Inc(SAFE-W)$. Closes Ground Lease for 259-Unit Multifamily Development in Downtown San Diego\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Safehold Inc. <a href=\"https://laohu8.com/S/SAFE\">$(SAFE)$</a>, the pioneer of the modern ground lease industry, has finalized a ground lease and leasehold loan to support the development of a 259-unit multifamily project in San Diego's East Village neighborhood. Announced on June 26, 2025, this eight-story development will be spearheaded by Riaz Capital, a California-based developer investing through their Qualified Opportunity Zone fund. 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Closes Ground Lease for 259-Unit Multifamily Development in Downtown San Diego\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-06-26 19:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      $Safehold Inc(SAFE-W)$. 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