Other questions focused on damage caused to the Caret Bay roads by construction trucks, the impact to the bin sites on the upper road, what happens if the project stops and the financial viability of the new property owner and project manager.

Source: https://stjohntradewinds.com/safety-environmental-concerns-frame-caret-bay-development-project/?utm_source=rss&utm_medium=rss&utm_campaign=safety-environmental-concerns-frame-caret-bay-development-project

We use the 5.8% inflation adjusted yield as the starting point for this metric and simply subtract Safehold’s 82% ownership of Caret using its latest $2 billion valuation from the current portfolio ground lease basis.

Source: https://seekingalpha.com/article/4622486-safehold-inc-safe-q2-2023-earnings-call-transcript?source=feed_all_articles