YOUR NEW CAPITAL ADVANTAGE.

Investment Parameters

Ground Lease to Property Value

30% - 45%

Property Types

Office, Multifamily, Hotel, Medical Office, Retail, Industrial, Student & Senior Housing

Geography

Top 30 MSAs

Transaction Size

$10M - $500M+

Cap Rate

3.00% - 4.00%

NOI Coverage

2.0x - 4.5x

Better Capital to Unlock Embedded Value
‍FOR OWNERS, OPERATORS & DEVELOPERS

fee simple

with Safehold® Ground Lease

$35.0M Equity

35% of Property Value

$22.7M Equity

35% of Building Value

$65.0M Loan

3.50% Fixed Rate, 10yr Term
65% of Property Value

$42.3M Loan

3.50% Fixed Rate, 10yr Term
65% of Building Value

$35.0M Safehold®

3.25% Initial Yield

Enhanced returns

$100.0M

Same Fee Simple Purchase Price at 4.75%

$100.0M

$35.0M

35% Less Equity Required

$22.7M

4.75%

17% increase in Unlevered Yield

5.56%

7.1%

32% increase in Cash-on-Cash Returns

9.4%

12.4%

40% higher IRRs (10 Year Hold)

17.3%

2.59X

39% higher Multiples (10 Year Hold)

3.59X

UNLOCKing EMBEDDED VALUE
FOR OWNERS, OPERATORS &DEVELOPERS

fee simple

With Safehold® GROUND LEASE

$35.0M Equity

35% of Property Value

$22.7M Equity

35% of Building Value

$65.0M Loan

$65.0M Loan
‍‍
3.50% Fixed Rate, 10yr Term
65% of Property Value

$42.3M Loan

3.50% Fixed Rate, 10yr Term
65% of building value

$35.0M Safehold®

3.25% Initial Yield

Enhanced returns

Same Fee Simple Purchase Price at 4.75%

Fee Simple

Ground Lease

$100.0M

35% Less Equity Required

Fee Simple

Ground Lease

$35.0M

$22.7M

17% increase in Unlevered Yield

Fee Simple

Ground Lease

4.75%

5.56%

32% increase in Cash-on-Cash Returns

Fee Simple

Ground Lease

7.1%

9.4%

40% higher IRRs (10 Year Hold)

Fee Simple

Ground Lease

12.4%

17.3%

39% higher Multiples (10 Year Hold)

Fee Simple

Ground Lease

2.59x

3.59x

Better Capital

Less equity required. Long-duration capital at lower cost. Limits interest rate and refinancing risk.

Enhanced Returns

Increased cash-on-cash returns and overall IRRs.

Lender-Friendly

Approved by banks, CMBS, debt funds, life companies and agencies.

Tenant-Friendly

Accretive solution from the creators of the modern ground lease.

Custom-Tailored

Designed to meet your needs with the ability to close quickly.

Modern Structure

No FMV resets. No percentage rent. 99-year term.

Contact

East Coast

Southeast

NorthWest

SOUTHWEST

Midwest

Texas

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YOUR NEW CAPITAL ADVANTAGE.

Investment Parameters

Ground Lease to Property Value

30% - 45%

Property Types

Office, Multifamily, Hotel, Medical Office, Retail, Industrial, Student & Senior Housing

Geography

Top 30 MSAs

Transaction Size

$10M - $500M+

Cap Rate

3.00% - 4.00%

NOI Coverage

2.0x - 4.5x

Better Capital to Unlock Embedded Value‍FOR OWNERS, OPERATORS & DEVELOPERS

fee simple

with Safehold® Ground Lease

$35.0M Equity

$22.7M Equity

$65.0M Loan

$42.3M Loan

$35.0M Safehold®

Enhanced returns

$100.0M

Same Fee Simple Purchase Price at 4.75%

$100.0M

$35.0M

35% Less Equity Required

$22.7M

4.75%

17% increase in Unlevered Yield

5.56%

7.1%

32% increase in Cash-on-Cash Returns

9.4%

12.4%

40% higher IRRs (10 Year Hold)

17.3%

2.59X

39% higher Multiples (10 Year Hold)

3.59X

UNLOCKing EMBEDDED VALUE FOR OWNERS, OPERATORS &DEVELOPERS

fee simple

With Safehold® GROUND LEASE

$35.0M Equity

$22.7M Equity

$65.0M Loan

$65.0M Loan‍‍3.50% Fixed Rate, 10yr Term65% of Property Value

$42.3M Loan

3.50% Fixed Rate, 10yr Term65% of building value

$35.0M Safehold®

3.25% Initial Yield

Enhanced returns

Same Fee Simple Purchase Price at 4.75%

$100.0M

$100.0M

35% Less Equity Required

$35.0M

$22.7M

17% increase in Unlevered Yield

4.75%

5.56%

32% increase in Cash-on-Cash Returns

7.1%

9.4%

40% higher IRRs (10 Year Hold)

12.4%

17.3%

39% higher Multiples (10 Year Hold)

2.59x

3.59x

Better Capital

Less equity required. Long-duration capital at lower cost. Limits interest rate and refinancing risk.

Enhanced Returns

Increased cash-on-cash returns and overall IRRs.

Lender-Friendly

Approved by banks, CMBS, debt funds, life companies and agencies.

Tenant-Friendly

Accretive solution from the creators of the modern ground lease.

Custom-Tailored

Better Capital to Unlock Embedded Value
‍FOR OWNERS, OPERATORS & DEVELOPERS

UNLOCKing EMBEDDED VALUE
FOR OWNERS, OPERATORS &DEVELOPERS

$65.0M Loan
‍‍
3.50% Fixed Rate, 10yr Term
65% of Property Value

3.50% Fixed Rate, 10yr Term
65% of building value