Safehold Closes Ground Lease for 336-Unit San Antonio Affordable Housing
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San Antonio – September 11, 2026 -- Safehold Inc. (NYSE: SAFE) has closed on a ground lease to develop a 336-unit Low-Income Housing Tax Credit community in San Antonio, Texas, marking its third Affordable Housing transaction in the state this year.
Safehold marks first San Antonio Affordable Housing deal with 336-unit LIHTC project
The development, slated for delivery in 2028, will be located in southeast San Antonio within what the company describes as a growing residential core driven by population and job growth. It is Safehold's inaugural Affordable Housing transaction in the San Antonio market.
The NRP Group returns as developer, backed by Wells Fargo tax credit equity
The project will be built by The NRP Group, a repeat Safehold customer and one of the most active Affordable Housing developers in the United States. Tax credit equity for the deal is being provided by Wells Fargo.