Safehold Partners with Boston Developers for 204-Unit Project
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy SAFE?
Source: PRnewswire
- New Project Launch: Safehold closed a partnership with Samuels & Associates and Mark Development at the end of December 2026 to facilitate the development of 299 Broadway, a 204-unit multifamily project in Somerville, MA, marking its first collaboration in the Boston market.
- Financing Structure Advantage: By leveraging a combination of low-cost, flexible ground lease and loan capital, Safehold can assist developers in effectively executing their business plans and maximizing project value, thereby enhancing its position in the competitive real estate market.
- Market Expansion Strategy: Safehold's diversified portfolio includes over 22,000 multifamily units, demonstrating its strong influence across major U.S. markets and further solidifying its leadership in the modern ground lease industry.
- Long-Term Growth Commitment: As a real estate investment trust, Safehold is dedicated to providing safe, growing income and long-term capital appreciation to its shareholders, showcasing its innovation and strategic vision in the real estate sector.
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Analyst Views on SAFE
Wall Street analysts forecast SAFE stock price to rise
5 Analyst Rating
2 Buy
3 Hold
0 Sell
Moderate Buy
Current: 15.210
Low
14.00
Averages
18.00
High
28.00
Current: 15.210
Low
14.00
Averages
18.00
High
28.00
About SAFE
Safehold Inc. is a real estate investment trust (REIT). The Company helps owners of multifamily, office, industrial, hospitality, student housing, life science and mixed-use properties to generate higher returns. The Company operates its business through one reportable segment by acquiring, managing and capitalizing ground leases. Its primary investment objective is to construct a diversified portfolio of Ground Leases that is focused on generating attractive quality risk-adjusted returns and support stable and growing distributions to its shareholders. The Company’s portfolio consists of Ground Leases and one master lease (relating to five hotel assets that it refers to as its Park Hotels Portfolio). Its portfolio of properties is located across Manhattan; Washington, District of Columbia (DC); Boston; Los Angeles; San Francisco; Denver; Honolulu; Nashville; Miami and Atlanta.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Safehold Partners with Boston Developers for 204-Unit Project
- New Project Launch: Safehold closed a partnership with Samuels & Associates and Mark Development at the end of December 2026 to facilitate the development of 299 Broadway, a 204-unit multifamily project in Somerville, MA, marking its first collaboration in the Boston market.
- Financing Structure Advantage: By leveraging a combination of low-cost, flexible ground lease and loan capital, Safehold can assist developers in effectively executing their business plans and maximizing project value, thereby enhancing its position in the competitive real estate market.
- Market Expansion Strategy: Safehold's diversified portfolio includes over 22,000 multifamily units, demonstrating its strong influence across major U.S. markets and further solidifying its leadership in the modern ground lease industry.
- Long-Term Growth Commitment: As a real estate investment trust, Safehold is dedicated to providing safe, growing income and long-term capital appreciation to its shareholders, showcasing its innovation and strategic vision in the real estate sector.
See More
Safehold Selected as Finalist for 2026 Ivory Prize for Housing Affordability
- Industry Innovation Recognition: Safehold Inc. has been nominated as a finalist for the 2026 Ivory Prize, which honors organizations driving high-impact innovation in the affordable housing market, showcasing the company's leadership in the sector.
- Addressing Housing Crisis: Steve Wylder, Safehold's Head of Investments, emphasized that housing affordability is a complex issue, particularly amid rising interest rates and construction costs, with the company's ground lease capital effectively bridging capital structure gaps to advance projects.
- Focus on Affordable Housing: Safehold established a dedicated Affordable Housing team in 2025 aimed at expanding its investments in the sector, demonstrating the company's strong commitment and strategic direction towards addressing the housing crisis.
- Enhancing Industry Impact: The Ivory Prize aims to elevate effective solutions so that other industry participants can learn from and replicate these successful cases at scale, thereby promoting sustainable development across the entire sector.
See More
Safehold Selected as Finalist for 2026 Ivory Prize for Housing Affordability
- Industry Recognition: Safehold Inc. has been nominated as a finalist for the 2026 Ivory Prize, which honors organizations driving high-impact innovation in the affordable housing market, showcasing its leadership in the sector.
- Addressing Housing Crisis: Steve Wylder, Safehold's Head of Investments, highlighted the growing challenges of housing affordability, particularly as elevated interest rates and construction costs rise, with Safehold's ground lease capital playing a crucial role in bridging capital structure gaps.
- Focus on Affordable Housing: In 2025, Safehold established a dedicated Affordable Housing team aimed at expanding its investments in this sector, demonstrating the company's long-term commitment to addressing the housing crisis.
- Innovation Driving Industry: The Ivory Prize emphasizes the importance of innovative solutions in a fragmented and risk-averse housing industry, with Safehold's involvement providing replicable success stories for other companies to learn from.
See More
Star Holdings Files 2025 Annual Report with Significant Losses
- Financial Performance Overview: Star Holdings reported a net loss of $19.1 million for Q4 2025 and $64.2 million for the full year, resulting in earnings per share of -$1.51 and -$4.90, indicating significant financial pressure and market volatility faced by the company.
- Non-Cash Adjustment Impact: The company's market-to-market adjustment related to its SAFE investment resulted in a non-cash loss of $24.3 million and $64.8 million for Q4 and the full year respectively, significantly impacting earnings per share and highlighting the volatility of its investment portfolio on financial results.
- Asset Disposal and Buyback: In Q4, Star Holdings sold a land parcel in Asbury Park for $12.7 million, yielding a profit of $11.8 million, while fully repaying a $15 million loan on a California property and repurchasing approximately 600,000 shares for $4.5 million, demonstrating proactive asset management efforts.
- Future Strategic Direction: The company aims to maximize shareholder value through active asset management and sales, particularly in its key investments like the Asbury Park Waterfront and Magnolia Green residential development projects, indicating a strong focus on future cash flow generation.
See More
Safehold Inc. Q4 2025 Earnings Call Highlights
- Strengthened Leadership: Safehold appointed Michael Trachtenberg as President, enhancing the management team's capabilities to expand the affordable housing team into new states and sponsors, thereby increasing market competitiveness.
- Solid Financial Performance: In Q4 2025, GAAP revenue reached $97.9 million with net income of $27.9 million, and a 15% year-over-year increase in earnings per share, indicating strong performance in capital markets activities.
- Clear Future Outlook: Management plans to increase ground lease transaction volume in 2026 and implement share buybacks when market conditions are favorable, aiming to enhance the recognition of Carets' value and improve shareholder returns.
- Credit Rating Upgrade: Safehold received an A- credit rating from S&P with a stable outlook, reflecting the company's robust performance in capital markets and strong financial health.
See More
Safehold (SAFE) Q4 2025 Earnings Call Transcript
See More
Safehold Partners with Boston Developers for 204-Unit Project
- New Project Launch: Safehold closed a partnership with Samuels & Associates and Mark Development at the end of December 2026 to facilitate the development of 299 Broadway, a 204-unit multifamily project in Somerville, MA, marking its first collaboration in the Boston market.
- Financing Structure Advantage: By leveraging a combination of low-cost, flexible ground lease and loan capital, Safehold can assist developers in effectively executing their business plans and maximizing project value, thereby enhancing its position in the competitive real estate market.
- Market Expansion Strategy: Safehold's diversified portfolio includes over 22,000 multifamily units, demonstrating its strong influence across major U.S. markets and further solidifying its leadership in the modern ground lease industry.
- Long-Term Growth Commitment: As a real estate investment trust, Safehold is dedicated to providing safe, growing income and long-term capital appreciation to its shareholders, showcasing its innovation and strategic vision in the real estate sector.
See More
Safehold Selected as Finalist for 2026 Ivory Prize for Housing Affordability
- Industry Innovation Recognition: Safehold Inc. has been nominated as a finalist for the 2026 Ivory Prize, which honors organizations driving high-impact innovation in the affordable housing market, showcasing the company's leadership in the sector.
- Addressing Housing Crisis: Steve Wylder, Safehold's Head of Investments, emphasized that housing affordability is a complex issue, particularly amid rising interest rates and construction costs, with the company's ground lease capital effectively bridging capital structure gaps to advance projects.
- Focus on Affordable Housing: Safehold established a dedicated Affordable Housing team in 2025 aimed at expanding its investments in the sector, demonstrating the company's strong commitment and strategic direction towards addressing the housing crisis.
- Enhancing Industry Impact: The Ivory Prize aims to elevate effective solutions so that other industry participants can learn from and replicate these successful cases at scale, thereby promoting sustainable development across the entire sector.
See More
Safehold Selected as Finalist for 2026 Ivory Prize for Housing Affordability
- Industry Recognition: Safehold Inc. has been nominated as a finalist for the 2026 Ivory Prize, which honors organizations driving high-impact innovation in the affordable housing market, showcasing its leadership in the sector.
- Addressing Housing Crisis: Steve Wylder, Safehold's Head of Investments, highlighted the growing challenges of housing affordability, particularly as elevated interest rates and construction costs rise, with Safehold's ground lease capital playing a crucial role in bridging capital structure gaps.
- Focus on Affordable Housing: In 2025, Safehold established a dedicated Affordable Housing team aimed at expanding its investments in this sector, demonstrating the company's long-term commitment to addressing the housing crisis.
- Innovation Driving Industry: The Ivory Prize emphasizes the importance of innovative solutions in a fragmented and risk-averse housing industry, with Safehold's involvement providing replicable success stories for other companies to learn from.
See More
Star Holdings Files 2025 Annual Report with Significant Losses
- Financial Performance Overview: Star Holdings reported a net loss of $19.1 million for Q4 2025 and $64.2 million for the full year, resulting in earnings per share of -$1.51 and -$4.90, indicating significant financial pressure and market volatility faced by the company.
- Non-Cash Adjustment Impact: The company's market-to-market adjustment related to its SAFE investment resulted in a non-cash loss of $24.3 million and $64.8 million for Q4 and the full year respectively, significantly impacting earnings per share and highlighting the volatility of its investment portfolio on financial results.
- Asset Disposal and Buyback: In Q4, Star Holdings sold a land parcel in Asbury Park for $12.7 million, yielding a profit of $11.8 million, while fully repaying a $15 million loan on a California property and repurchasing approximately 600,000 shares for $4.5 million, demonstrating proactive asset management efforts.
- Future Strategic Direction: The company aims to maximize shareholder value through active asset management and sales, particularly in its key investments like the Asbury Park Waterfront and Magnolia Green residential development projects, indicating a strong focus on future cash flow generation.
See More
Safehold Inc. Q4 2025 Earnings Call Highlights
- Strengthened Leadership: Safehold appointed Michael Trachtenberg as President, enhancing the management team's capabilities to expand the affordable housing team into new states and sponsors, thereby increasing market competitiveness.
- Solid Financial Performance: In Q4 2025, GAAP revenue reached $97.9 million with net income of $27.9 million, and a 15% year-over-year increase in earnings per share, indicating strong performance in capital markets activities.
- Clear Future Outlook: Management plans to increase ground lease transaction volume in 2026 and implement share buybacks when market conditions are favorable, aiming to enhance the recognition of Carets' value and improve shareholder returns.
- Credit Rating Upgrade: Safehold received an A- credit rating from S&P with a stable outlook, reflecting the company's robust performance in capital markets and strong financial health.
See More
Safehold (SAFE) Q4 2025 Earnings Call Transcript
See More
