Expanding Portfolio by MSA
(as of December 31, 2019)
(as of December 31, 2019)
Unrealized Capital Appreciation (UCA) is calculated as today's estimated Combined Property Value (CPV) less the Aggregate Cost Basis of SAFE's portfolio. CBRE conducts independent appraisals of the CPV of each property. The Company formed a wholly-owned subsidiary called "CARET" that is structured to track and capture Unrealized Capital Appreciation. See our Form 8-K filed with the Securities and Exchange Commission on February 13, 2020 for more detail on the calculation and limitations of UCA.