The 212-unit Promenade Crossing was capitalized by an institutional lender and a “SAFE Ground Lease,” which features fixed annual rent escalations over 99 years with periodic CPI-based adjustments. The 212-unit Promenade Crossing was capitalized by an institutional lender and a “SAFE Ground Lease,” which features fixed annual rent escalations over 99 years with periodic CPI-based adjustments.

ORLANDO, FL—Safety Income & Growth, Inc. has signed a ground lease with Houston-based the Dinerstein Companies on its Promenade Crossing apartment complex in the Baldwin Place submarket of Orlando.