Safehold, Brookfield Form Ground Lease JV
Analysis based on 6 articles · First reported Jun 11, 2026 · Last updated Jun 11, 2026
The joint venture between Safehold and Brookfield Asset Management is expected to positively impact Safehold's stock by de-leveraging its balance sheet and increasing liquidity, allowing for further investment. For Brookfield Asset Management, the acquisition of a stake in a diversified ground lease portfolio provides access to stable cash flows and high-quality real estate opportunities, potentially boosting its real estate segment performance.
Safehold Inc. announced a joint venture with a Brookfield Asset Management affiliate, involving a diversified portfolio of ground leases across the United States. Brookfield Asset Management purchased a 49% non-controlling interest in the venture for approximately $348 million. Safehold will retain day-to-day control and management of the assets and has call options to repurchase Brookfield Asset Management's interest after seven years. The proceeds from the transaction will be used by Safehold for debt repayment and general corporate purposes, which is expected to de-leverage its balance sheet and increase liquidity. Brett Asnas, CFO of Safehold, highlighted the benefits of the deal, while Stephen Brown of Brookfield Asset Management expressed satisfaction with gaining access to high-quality ground leases. Eastdil Secured and Meritz Securities advised Safehold on the transaction.
Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.
Open Dashboard