Safehold Closes Second Affordable Housing Ground Lease in Texas

Safehold Closes $45MM Ground Lease for Pacific Companies’ 256-Unit Affordable Project in Soquel

Safehold deployed its land-ownership model into one of the nation’s costliest rental markets, closing a $45 million ground lease that helps capitalize a 256-unit affordable housing community rising on a long-vacant lot at 41st Avenue and Soquel Drive in unincorporated Santa Cruz County. Safehold Inc., the New York firm that has built the modern ground […] The post Safehold Closes $45MM Ground Lease for Pacific Companies’ 256-Unit Affordable Proj…

Safehold Closes $45M Affordable Housing Ground Lease in Santa Cruz California

Safehold Inc. (NYSE: SAFE), the creator and leader of the modern ground lease industry, has closed on a $45 million ground lease for the development of an Affordable Housing community in the Soquel area of Santa Cruz, California. Santa Cruz is a vibrant coastal community located along the Monterey Bay, with significant unmet demand for […] The post Safehold Closes $45M Affordable Housing Ground Lease in Santa Cruz California appeared first on Yi…

Safehold Closes Second Affordable Housing Ground Lease in Texas

NEW YORK, June 25, 2026 /PRNewswire/ -- Safehold Inc. (NYSE: SAFE), the creator and leader of the modern ground lease industry, has closed on a ground lease for the development of an Affordable Housing community in Austin, Texas. The Low-Income…

Safehold Closes on Ground Lease for Santa Cruz Development

Ground lease REIT Safehold Inc. has closed on a $45-million ground lease for the development of an affordable housing community in the Soquel area of Santa Cruz. The project will be developed by The Pacific Companies, a prolific development firm and repeat Safehold customer. “This is a high-quality, large-scale community in a high-cost coastal submarket with significant unmet demand for affordable housing,” said Steve Wylder, Safehold’s head of …