Safehold and iStar, two real estate companies founded by Jay Sugarman, have entered into an agreement to merge, bringing together a total of about $4.6 billion in market capitalizations. The strategic combination will create one entity known as Safehold, the only internally managed ground lease company in the public markets, the firms said Thursday in a statement.
Safehold, IStar Agree To Merge, Prioritizing Ground Leases
Deal Aims To Grow Industry, Which Has Spread Beyond New York in Recent Years
CoStar News
August 12, 2022 | 7:05 P.M.
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IN THIS ARTICLE
- Properties
- Grace Building
1114 Avenue of the Americas, New York, NY
- Companies
- Safehold, Inc.
Real Estate
- Safehold
Finance and Insurance
- BDT Capital Partners, LLC
Finance and Insurance
- Contacts
- Jay Sugarman
Chairman & Chief Executive Officer, Safehold, Inc.