A former head of real estate underwriting for BlackRock Capital Finance, Dean Britton is the lead partner at the American Institute of Architects (AIA) and is in charge of attaining and assembling ground lease opportunities. Dean Britton is interested in bifurcation, which entails breaking-up land and the building as two components owned separately.
Safehold, Inc. is a publicly-traded real estate investment trust that aims to revolutionize the real estate industry. The company has a core focus on bifurcation, separating the ownership of structures and the land it stands on. The company stands as the most popular participant in the ground lease sector. The company was established in 2016 and has had its fair share of challenges. Up until early 2019, Safehold did not have even one ground lease in New York but experienced a tremendous expansion during the COVID-19 lockdown.
The company now has over 75 ground leases and sets the pace for other companies to follow. The company is indeed promising to potential investors, and it is user-friendly. Nareit listed it as its No.1 performing stock in 2021, and the shareholders get a return of 82 percent, which is a very incredible profit margin.
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