Safehold Inc. is a publicly traded real estate investment trust that acquires, manages, and capitalizes ground leases—the ownership of land underlying commercial real estate on long-term net-lease agreements typically spanning 30 to 99 years. The company generates three primary value drivers: high-quality, senior-position cash flows protected by the underlying property value; predictable income growth through contractual rent escalators tied to fixed percentages, inflation measures, or revenue participation; and capital appreciation both from compounding rent growth and residual rights to own buildings upon lease expiration. Safehold targets ground leases on premium properties in major metropolitan areas, with investments typically representing 30% to 45% of combined property value and initial cash returns between 2.5% and 5.5%, while pursuing channels ranging from originating new leases with developers to acquiring existing leases and offering complementary products such as leasehold loans and ground lease swaps.