Consolidated Balance Sheets - USD ($)
$ in Thousands |
Dec. 31, 2019 |
Dec. 31, 2018 |
| ASSETS |
|
|
| Real estate, at cost |
$ 687,902
|
$ 669,923
|
| Less: accumulated depreciation |
(16,286)
|
(10,257)
|
| Real estate, net |
671,616
|
659,666
|
| Real estate-related intangible assets, net (refer to Note 4) |
242,837
|
262,531
|
| Total real estate, net and real estate-related intangible assets, net |
914,453
|
922,197
|
| Net investment in sales-type leases |
984,598
|
0
|
| Ground Lease receivables |
397,087
|
0
|
| Equity investments in Ground Leases |
127,524
|
0
|
| Cash and cash equivalents |
22,704
|
16,418
|
| Restricted cash |
24,078
|
8,007
|
| Deferred operating lease income receivable |
58,303
|
23,138
|
| Deferred expenses and other assets, net |
37,814
|
9,983
|
| Total assets |
2,566,561
|
979,743
|
| Liabilities: |
|
|
| Accounts payable, accrued expenses and other liabilities |
43,008
|
20,800
|
| Real estate-related intangible liabilities, net (refer to Note 4) |
57,333
|
57,620
|
| Debt obligations, net |
1,372,922
|
543,965
|
| Total liabilities |
1,473,263
|
622,385
|
| Commitments and contingencies (refer to Note 9) |
|
|
| Safehold Inc. shareholders' equity: |
|
|
| Common stock, $0.01 par value, 400,000 shares authorized, 47,782 and 18,276 shares issued and outstanding as of December 31, 2019 and 2018, respectively |
478
|
183
|
| Additional paid-in capital |
1,132,603
|
370,530
|
| Accumulated deficit |
(2,146)
|
(8,486)
|
| Accumulated other comprehensive loss |
(39,123)
|
(6,876)
|
| Total Safehold Inc. shareholders' equity |
1,091,812
|
355,351
|
| Noncontrolling interests |
1,486
|
2,007
|
| Total equity |
1,093,298
|
357,358
|
| Total liabilities and equity |
$ 2,566,561
|
$ 979,743
|