Ground-Lease Leader Closes on $31M Denver Property

Safehold, a creator and leader of the modern ground lease industry, has closed on a $31.0 million ground lease to facilitate the ground-up development of Wilder, a 196-unit multifamily project approximately two miles west of Downtown Denver. The Qualified Opportunity Zone project will be developed by The Max Collaborative, an Ohio based firm led by members of the Max Ratner family.

Safehold’s Steve Wylder has more. “We are finding that our ground lease structure works quite well for opportunity zone projects and are pleased to be part of such a high-quality development as we continue to scale our Safehold platform across the country.” Wilder is Phase I of a planned 500-residence community.

The transaction marks the third between Safehold and The Max Collaborative over the last 12 months, all ground-up multifamily developments. Through September 30^th, Safehold originated in excess of $1.3 billion of ground lease investments.