Safety, Income and Growth, a REIT formed by iStar to acquire, manage and finance ground net leases, filed on Monday with the SEC to raise up to $100 million in an initial public offering.
The New York, NY-based company was formed in 2017 and booked $22 million in revenue for the 12 months ended December 31, 2016. It plans to list on the NYSE under the symbol SFTY. Safety, Income and Growth filed confidentially on April 10, 2017. BofA Merrill Lynch, J.P. Morgan and Barclays are the joint bookrunners on the deal. No pricing terms were disclosed.
