NEW YORK–Safehold Inc. has agreed to purchase the existingground lease for the Alohilani Resort in Waikiki Beach for $195million. The transaction is Safehold's first investment inHawaii.

The company has additionally entered a 55/45 joint ventureagreement with a sovereign wealth fund, to acquire the ground leasefor 425 Park Avenue in New York. Following the acquisition,Safehold's 55% investment interest will total $340 million.

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Ingrid Tunberg

Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.