---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-012751"
form_type: "8-K"
ticker: "SAFE"
cik: "0001095651"
company_name: "Safehold Inc."
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T16:50:01.669036+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Safehold estimates $10.1B unrealized capital appreciation in ground lease portfolio as of June 30, 2023

## Summary
- Combined Property Value $16,267M; Ground Lease Cost $6,119M; UCA $10,148M.
- 82.2% of Caret units owned by Safehold; 76,801 awarded to execs with $60 share price target.
- Third-party investors purchased 100,000 Caret units for $20M on March 31, 2023.
- Valuation by CBRE, non-GAAP, with no assurance of realization due to tenant rights and long-term leases.

## SEC filing metadata
- accession: 0001558370-23-012751
- form_type: 8-K
- ticker: SAFE
- cik: 0001095651
- company_name: Safehold Inc.
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1095651/000155837023012751/0001558370-23-012751-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1095651/000155837023012751/safe-20230801x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-012751
- JSON: https://secwatch.observer/filing/0001558370-23-012751.json
- Plain text: https://secwatch.observer/filing/0001558370-23-012751.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.