Safehold’s first big bet on New York City dirt flew under the radar at first. In late August, the iStar-managed real estate investment trust closed on its first deal in the five boroughs when it acquired the land under the landmarked Banknote Building, a 405,000-square-foot office building in the Bronx’s Hunts Point neighborhood, for $65 million. And as the only publicly traded firm to focus on ground leases — at a time when such deals
source https://therealdeal.com/2020/03/26/behind-safeholds-paydirt-plan/
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