NEW YORK, May 14, 2020 /PRNewswire/ -- Safehold Inc.
(NYSE: SAFE) announced that it will be added as a constituent to
the MSCI U.S. REIT Index (RMZ), effective at the close of market on
May 29, 2020. MSCI now recognizes
Land (ground lease) as an eligible property type and Safehold has
become the first and only company to be included within the new
category.
"We're pleased to see growing adoption of modernized ground
leases, not only among customers and investors, but also from the
index community, as we continue to educate the marketplace about
our unique business," said Jay
Sugarman, Chairman and Chief Executive Officer. "Our
inclusion in one of the most widely followed REIT indices will
increase our visibility and allow us to reach a broader pool of
investors."
The RMZ is a free float-adjusted market capitalization weighted
index that includes securities classified under the Equity REITs
Industry according to the Global Industry Classification Standard,
have core real estate exposure and carry REIT tax
status.
About Safehold:
Safehold Inc. (NYSE: SAFE) is revolutionizing real estate
ownership by providing a new and better way for owners to unlock
the value of the land beneath their buildings. Through its modern
ground lease capital solution, Safehold helps owners of high
quality multifamily, office, industrial, hospitality and mixed-use
properties in major markets throughout the United States generate higher returns with
less risk. The Company, which is taxed as a real estate investment
trust (REIT) and is managed by its largest shareholder, iStar Inc.,
seeks to deliver safe, growing income and long-term capital
appreciation to its shareholders. Additional information on
Safehold is available on its website at www.safeholdinc.com.
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SOURCE iStar Inc.