Ground Lease Firm Enters Nashville Market with MF Deal

New York-based Safety, Income & Growth Inc. originated a new ground lease on a recently-built 275-unit Class A mid-rise multifamily building in the Music Row submarket of Nashville. This marks the first Safe Ground Lease completed in the Nashville market, and the second ground lease that it has completed with Houston-based The Dinerstein Companies.

The ground lease features fixed annual rent escalations over 99 years, with CPI-based adjustments.

The six-story building sits above a three-story concrete parking structure with 427 spaces. The property features such amenities as a clubroom, dog park, fitness center, and a pool. The building is well-located within walking distance to downtown entertainment, restaurants and employment, including the recently-announced Amazon Logistics Hub.

Safety, Income & Growth Inc. is the first publicly-traded company focused on ground leases.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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Ground Lease Firm Enters Nashville Market with MF Deal

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Sub Markets

National

Property Sectors

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National CRE News In Your Inbox.

Ground Lease Firm Enters Nashville Market with MF Deal

Inside The Story

About Dennis Kaiser