Safehold sells 49% stake in ground lease portfolio to Brookfield for ~$348M to pay down debt

Filed June 12, 2026 · Period ending June 12, 2026 · ~1 min read

Key Changes

• high

  Safehold formed a joint venture with Brookfield, selling a 49% non-controlling interest in a diversified U.S. ground lease portfolio valued at approximately $348 million. The portfolio generates $14 million in annual cash rent.

  Item 8.01 verify on EDGAR →
• high

  Net proceeds will be used to repay debt and for general corporate purposes, providing liquidity while Safehold maintains operational control of the assets.

  Item 8.01 verify on EDGAR →
• medium

  Safehold retains call options starting after year 7 to repurchase Brookfield's 49% stake, giving the company flexibility to regain full ownership of the portfolio in the future.

  Item 8.01 verify on EDGAR →