In response to an analyst question, Executive Vice President and Head of Investments Steve Wylder said the main hurdles to doing more affordable transactions outside California were market awareness and navigating differing regulatory regimes. Wylder said establishing a precedent in Texas is important, and described the state’s population growth and limited subsidy dollars as supportive of Safehold’s “gap funding” role.As part of that multifamily push, Sugarman said Safehold is working to expand its presenc ...