secwatch.observer — SEC 8-K summary
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Issuer:     Safehold Inc. (SAFE)
CIK:        0001095651
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0001095651-24-000014
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Safehold reports $9,062M estimated UCA; Feb 2022 Caret unit investors exercise redemption
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- Estimated UCA in owned residual portfolio as of March 31, 2024: $9,062M (Combined Property Value $15,236M, Ground Lease Cost $6,174M).
- Feb 2022 Caret unit investors exercised redemption right in April 2024, redeeming units at original purchase price less distributions.
- Company owns 83.1% of outstanding Caret units; officer/employee holdings represent 14.5% of outstanding and 11.6% of authorized.
- CBRE provides independent valuations using cap rates from 3.35% (multifamily) to 9.50% (office) and stabilized occupancy assumptions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1095651/000109565124000014/0001095651-24-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1095651/000109565124000014/safe-20240506x8k.htm
  HTML page:      https://secwatch.observer/filing/0001095651-24-000014

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer