NEW YORK CITY – Safehold Inc., a real estate investment trust specializing in ground leases, is upping its market share in the New York City arena. The firm has just closed a $235 million ground lease at 135 West 50th St.
Business has been well for the REIT who has seen a steady flow of demand from institutional investors aiming to effectively manage a ground lease on the land beneath their buildings, according to Marcos Alvarado, president and CEO at the firm.
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
