Sovereign Wealth Fund to Invest in 425 Park Avenue Ground Lease
Posted on 08/07/2019
Ground-lease REIT Safehold Inc. is managed by New York-based iStar Inc. Safehold signed a contract to acquire the existing ground lease at 425 Park Avenue, New York for approximately US$ 620 million. At the same time, in connection with the purchase, Safehold has entered into a letter of intent with a sovereign wealth fund to […]
