Safehold Closes on Ground Lease for Santa Cruz Affordable Development
Ground lease REIT Safehold Inc. has closed on a $45-million ground lease for the development of an affordable housing community in the Soquel area of Santa Cruz. The project will be developed by The Pacific Companies, a prolific development firm and repeat Safehold customer.
Ground lease REIT Safehold Inc. has closed on a $45-million ground lease for the development of an affordable housing community in the Soquel area of Santa Cruz. The project will be developed by The Pacific Companies, a prolific development firm and repeat Safehold customer. “This is a high-quality, large-scale community in a high-cost coastal submarket...
Source
- Connect CREconnectcre.com
