Safehold Inc.

8-K · tm2617703d1_8k.htm iXBRL

0001095651

 2026-06-12
 2026-06-12

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 UNITED STATES

 SECURITIES AND EXCHANGE COMMISSION

 Washington, D.C. 20549

  

  

 FORM  8-K

  

 CURRENT REPORT

 Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

  

 Date of Report (Date of earliest event reported):
 June 12, 2026

  

  

 Safehold
Inc.

 (Exact name of registrant as specified in its
charter)

  

 Maryland
  
 001-15371
  
 95-6881527

 (State
 or other jurisdiction of

 incorporation)
  
 (Commission
 File Number)
  
 (IRS
 Employer Identification Number)

  

 1114
 Avenue of the Americas ,
  

 39th
 Floor
  

 New
 York , New
 York
 10036

 (Address
 of principal executive offices)
 (Zip
 Code)

  

 Registrant’s telephone number, including
area code: ( 212 ) 930-9400

  

  

 N/A

 (Former name or former address, if changed since
last report.)

  

 Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):

  

 ¨ Written
 communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

  

 ¨ Soliciting
 material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

  

 ¨ Pre-commencement
 communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

  

 ¨ Pre-commencement
 communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

  

 Securities registered pursuant to Section 12(b) of the Act:

  

 Title
 of each class
  
 Trading
 Symbol(s)
  
 Name
 of each exchange on which registered

 Common
 Stock
  
 SAFE
  
 NYSE

  

 Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

  

 Emerging
growth company ☐

  

 If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any
new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

  

  

  

  

  

  

 Item 8.01 Other Events

  

 Safehold Inc. (the “Company” or
“Safehold”), announced yesterday that it has formed a joint venture (the “venture”) with a Brookfield
affiliate (“Brookfield”) on a portfolio of ground leases. The assets contributed by Safehold are diversified across the
United States and generate current annualized cash ground rent of approximately $14 million. Brookfield will purchase a
non-controlling 49% interest in the venture at a gross valuation of approximately $348 million. Safehold will retain a series of
call options beginning after year 7 to repurchase Brookfield’s interest.

  

 Under the terms of the agreement, Safehold will maintain day-to-day
control and management of the assets. The venture is expected to be consolidated on Safehold’s financial statements. Safehold will
use net proceeds for debt repayment and general corporate purposes. 

  

  

  

  

 SIGNATURES

  

 Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.

  

  
  
  
 Safehold Inc.

  
  
  
  

 Date:
 June 12, 2026
 By:
 /s/ BRETT ASNAS

  
  
  
 Brett Asnas
 Chief Financial Officer