Safehold Closes Ground Lease for Massachusetts Multifamily Development

NEW YORK, May 27, 2025 /PRNewswire/ -- Safehold Inc. (NYSE: SAFE), the creator and leader of the modern ground lease industry, has closed on a ground lease to facilitate the development of The Benjamin, a ground-up, 364-unit multifamily development in the Boston MSA. The deal is Safehold's first with The Michaels Organization, a large-scale national multifamily investor, developer and operator. "We're pleased to see the growing adoption of our ground lease solution for multifamily projects in top MSAs," sa ...