Safehold Inc has filed a notice of a Private Investment in Public Equity (PIPE) offering of securities to raise $139,100,000.00 in Post-IPO Equity.
According to filings with the U.S. Securities and Exchange Commission, Safehold Inc is raising $139,100,000.00 in new funding. About Safehold Inc: 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, 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. We identified a widespread market inefficiency that was draining value from real estate owners, operators and developers. Building owners targeting a ~15% return should not be forced to use their expensive equity to drive low returns.
To learn more about Safehold Inc, visit http://www.safeholdinc.com/
Contact:
Jay Sugarman, Chief Executive Officer
212-930-9400
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