you, Jay, and everyone. Thank good morning
you upon excited most enabled we say have When with Asnas' was Before Safehold and Markets. has know, into let already announce us we lot Head how we Solutions Brett Brett day to to innovative one, to me our his recently are we been Chief that XX-year to of he business, didn't to team's this first we a know details, since that started Many promotion Financial and highly jump as the there excited Capital capitalize success. since of Capital a going scale we're buildup especially him were Brett see enterprise. Officer.
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Jay Safehold. strong quarter, concluded had for productive fourth a we mentioned, As year a very which
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average weighted lease term XX Our years. is
Turning about and discussion our inflation of to been portfolio. a impacts lot it There's Slide X. how
the provisions the While modern inflation to. like Ground built-in, Safehold the leases far our us protection flow strong is produces, cash that ourselves some high-grade of our have which stream bond benchmark talk you we is certainly better about ground any that bonds than Lease heard truth
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approximately million which of notes $XXX nonrecourse unsecured debt Additionally, we ago. $XXX ground $X notes, and issuance of X.XX% debt, the leases $X.X we our billion XX-year secured our we which partnership, unsecured just comprised on own share. getting fourth million notes, of billion debt had debut represents one of million of unsecured year quarter, credit issued in of after At of $XXX ratings end our second the
maturity Our weighted debt XX is years. average
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sold X.XX% of in equity, a interest the private to disclosed million press we high valuation release, and a As for worth a Caret institutional $XX billion. in at of $X.XX group leading investors net
the fund, You on capital of and and including high that Fifth Ribbit the firms some can firms like a partnered Family wealth with investors worth Slide. leading Durant. see Michael Rubin's we Kevin Office sovereign Venture net Capital Wall,
for While we've up significant was always believed in as investors many value that there building of UCA liquidity our but were equally pool, important. amount
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and the leases strong quarter shareholder after a In XX.XX% earned for You strong a hurdles the achieving XX%, X.X% owns can which Units, Safehold conclusion, the year a owns number of closed. investors record a see by Management approximately long-term ending it plan. new Caret of approved was of ground all incentive performance Safehold own in marked was with
XXXX. position As scaling by we end target guidance in at $X.X of industry, raise our portfolio to and this the least growing we to leadership felt expand our our confident billion
in UCA Units. Caret taking through first to the we've addition, of portion a a step sale unlocking of In value
X.X is turn both will value the our grow seek as the full to potential mission we way continue the focus within to platform, to capitalize for Our a by and ago, customers. we new the which set portfolio, shareholders for better years When to journey ownership in estate. this unlock real to grow on in to continue a we owners providing real value out and began UCA, revolutionize estate
As term, Jay. it value to the unlock let we our deliver cost, able the continue of most our back innovate that, flexible market. we platform, capital lowest and And be the to customers turn longest to in full hope to me with
