UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 8.01 | Other Events |
Safehold Inc. (the “Company” or “Safehold”), announced yesterday that it has formed a joint venture (the “venture”) with a Brookfield affiliate (“Brookfield”) on a portfolio of ground leases. The assets contributed by Safehold are diversified across the United States and generate current annualized cash ground rent of approximately $14 million. Brookfield will purchase a non-controlling 49% interest in the venture at a gross valuation of approximately $348 million. Safehold will retain a series of call options beginning after year 7 to repurchase Brookfield’s interest.
Under the terms of the agreement, Safehold will maintain day-to-day control and management of the assets. The venture is expected to be consolidated on Safehold’s financial statements. Safehold will use net proceeds for debt repayment and general corporate purposes.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Safehold Inc. | |||
| Date: | June 12, 2026 | By: | /s/ BRETT ASNAS |
| Brett Asnas Chief Financial Officer |