||the price reported in column 4 is a weighted average price. the shares were sold in multiple transactions at prices ranging from $88.01 to $91.13 per share. the reporting person undertakes to provide to safehold inc., any security holder of safehold inc. or the staff of the securities and exchange commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
||the shares are held of record by sfty. sfty's sole member is lubert-adler real estate fund vii-b, l.p. ("l-a re fund vii-b"). l-a re fund vii-b's general partner is lubert-adler group vii-b, llc ("l-a group vii-b llc"). l-a group vii-b llc's sole member is lubert-adler group vii-b holdings, l.p. ("l-a holdings vii-b lp"). l-a holdings vii-b lp's general partner is lubert-adler group vii-b holdings, llc ("l-a holdings vii-b llc"). mr. adler is one of two members of l-a holdings vii-b llc. as a result, mr. adler may be deemed to share beneficial ownership of the reported shares.
||mr. adler expressly disclaims beneficial ownership of the reported shares except to the extent of his pecuniary interest therein.