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Safehold Closes Ground Lease in Boston
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Safehold Closes Ground Lease in Boston
May 27, 2025 1:37 PM

04:29 PM EDT, 05/27/2025 (MT Newswires) -- Safehold (SAFE) said late Tuesday that it closed on a ground lease with The Michaels Organization in the Boston metropolitan statistical area.

The land will be used for the development of The Benjamin, a 364-unit multifamily project, the company said.

Financial terms of the deal were not disclosed.

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