other material
confidence high
sentiment neutral
materiality 0.60
Safehold reports estimated UCA of $10.0B in owned residual portfolio as of Sept 30, 2023
Safehold Inc.
- Estimated UCA of $10,016M; Combined Property Value $16,154M, Ground Lease cost $6,138M.
- Independent valuations by CBRE using income capitalization and sales comparison approaches; key assumptions include cap rates and stabilized occupancy.
- Limitations: tenant rights (buy-out options, preemptive rights), long lease terms, and valuations may not reflect current market conditions.
- As of Sept 30, 2023, Safehold owns 82.2% of Caret units; Feb 2022 investors have redemption option if public liquidity not achieved by Feb 2024.