Safehold 8-KSafehold and iStar Close Merger and Complete Spin-Off of iStar’s Legacy Assets to iStar Stockholders

Filed: 4 Apr 23, 7:39am

Exhibit 99.4

Properties

Our principal executive offices are located at 1114 Avenue of the Americas, New York, New York 10036.

The following table presents certain information about the accumulated depreciation of properties held by us for investment purposes as of December 31, 2022:

Real Estate and Accumulated Depreciation

As of December 31, 2022

($ in thousands)

								Cost		Gross Amount Carried
				Initial Cost to Company				Capitalized		at Close of Period										Depreciable
						Building and		Subsequent to				Building and				Accumulated		Date		Life
Location	Encumbrances			Land		Improvements		Acquisition		Land		Improvements		Total⁽¹⁾		Depreciation		Acquired		(Years)
Detroit, MI	$	31,961	⁽²⁾	$	29,086	$	—	$	—	$	29,086	$	—	$	29,086	$	—		2017		N/A
Dallas, TX		3,736	⁽²⁾		1,954		—		—		1,954		—		1,954		—		2017		N/A
Dallas, TX		4,151	⁽²⁾		2,751		—		—		2,751		—		2,751		—		2017		N/A
Atlanta, GA		7,577	⁽²⁾		4,097		—		—		4,097		—		4,097		—		2017		N/A
Milwaukee, WI		3,633	⁽²⁾		4,638		51,323		—		4,638		51,323		55,961		7,378		2017		40	⁽³⁾
Washington, DC		5,190	⁽²⁾		1,484		—		—		1,484		—		1,484		—		2017		N/A
Minneapolis, MN		1,452	⁽²⁾		716		—		—		716		—		716		—		2017		N/A
Durango, CO		16,604	⁽²⁾		1,415		17,080		—		1,415		17,080		18,495		3,120		2017		35	⁽³⁾
Rohnert Park, CA		19,300	⁽²⁾		5,869		13,752		—		5,869		13,752		19,621		3,121		2017		32	⁽³⁾
Salt Lake City, UT		55,312	⁽²⁾		8,573		40,583		—		8,573		40,583		49,156		6,828		2017		34	⁽³⁾
San Diego, CA		38,084	⁽²⁾		5,077		24,096		—		5,077		24,096		29,173		4,283		2017		33	⁽³⁾
Seattle, WA		40,000	⁽²⁾		7,813		45,562		—		7,813		45,562		53,375		9,544		2017		30	⁽³⁾
Los Angeles, CA		57,936	⁽²⁾		72,836		—		—		72,836		—		72,836		—		2017		N/A
Los Angeles, CA		62,764	⁽²⁾		68,140		—		—		68,140		—		68,140		—		2017		N/A
Atlanta, GA		—			6,300		—		—		6,300		—		6,300		—		2017		N/A
Washington, DC		23,100	⁽²⁾		27,354		—		—		27,354		—		27,354		—		2018		N/A
Orlando, FL		7,800	⁽²⁾		6,626		—		—		6,626		—		6,626		—		2018		N/A
Raleigh-Durham, NC		11,940	⁽²⁾		4,502		—		—		4,502		—		4,502		—		2018		N/A
Atlanta, GA		9,882	⁽²⁾		8,478		—		—		8,478		—		8,478		—		2018		N/A
San Diego, CA		—			8,168		—		—		8,168		—		8,168		—		2018		N/A
Washington, DC		10,000	⁽²⁾		15,217		—		—		15,217		—		15,217		—		2018		N/A
Phoenix, AZ		—			5,996		—		—		5,996		—		5,996		—		2018		N/A
Washington, DC		—			21,478		—		—		21,478		—		21,478		—		2018		N/A
Miami, FL		6,000	⁽²⁾		9,170		—		—		9,170		—		9,170		—		2018		N/A
Miami, FL		2,471	⁽²⁾		3,735		—		—		3,735		—		3,735		—		2018		N/A
Washington, DC		95,000	⁽²⁾		121,100		—		—		121,100		—		121,100		—		2018		N/A
Nashville, TN		17,500	⁽²⁾		13,505		—		—		13,505		—		13,505		—		2018		N/A
Portland, OR		—			3,641		—		—		3,641		—		3,641		—		2019		N/A
San Antonio, TX		10,000	⁽²⁾		2,103		836		—		2,103		836		2,939		97		2019		40
Riverside, CA		—			11,399		—		—		11,399		—		11,399		—		2019		N/A
San Ramon, CA		—			19,635		—		—		19,635		—		19,635		—		2020		N/A
Washington, DC		—			44,883		—		—		44,883		—		44,883		—		2020		N/A
Total	$	541,393		$	547,739	$	193,232	$	—	$	547,739	$	193,232	$	740,971	$	34,371

(1)

The aggregate cost for Federal income tax purposes was approximately $1.0 billion as of December 31, 2022.

(2)

Pledged as collateral under mortgages.

(3)

These properties have land improvements with depreciable lives from 7 to 12 years.

We use cookies on this site to provide a more responsive and personalized service. Continuing to browse, clicking I Agree, or closing this banner indicates agreement. See our Cookie Policy for more information.