Safehold Inc. Closes Ground Lease for San Diego Multifamily Development

Published: 2025-06-26 09:06:12 ET SAFE

Published on 06/26/2025 at 09:06

Safehold Inc. has closed on a ground lease and leasehold loan for the ground-up development of a 259-unit multifamily development in the East Village neighborhood of Downtown San Diego. The eight-story project will be developed by Riaz Capital, a California-based developer and operator investing on behalf of their Qualified Opportunity Zone fund.