Safehold and iStar Close Merger and Complete SpinOff of iStars Legacy Assets to iStar Stockholders

NEW YORK, March 31, 2023 /PRNewswire/ — Safehold Inc. (NYSE: SAFE) today closed on the previously announced merger of iStar Inc. (“iStar”) and Safehold Inc. (“Original Safe”). The merger represents the culmination of the companies’ multi-year strategy to grow the innovative ground lease ecosystem. Following the closing, the combined company (“SAFE”) will operate under the name Safehold Inc. and its common stock will trade under the ticker “SAFE” on the New York Stock Exchange. “This transformative transaction marks a significant milestone for Safehold and iStar stakeholders,” said Jay Sugarman, Chairman and Chief Executive Officer. “As our business enters this next…