State of Alaska Department of Revenue Raises Holdings in Safehold Inc. (NYSE:SAFE)

The State of Alaska Department of Revenue has recently announced that it has raised its holdings in Safehold Inc., a real estate investment trust (REIT) listed on the New York Stock Exchange under the ticker symbol NYSESAFE. The exact amount of the holding increase was not disclosed, but it is believed to be part of the department's ongoing efforts to diversify its investments and maximize returns for the state's taxpayers.

Safehold Inc. is a publicly traded REIT that specializes in owning and operating multifamily properties across the United States. The company was founded in 2013 and has since grown to become one of the largest owners of apartments in the country, with a portfolio of over 65,000 units as of December 31, 2020.

The State of Alaska Department of Revenue's investment in Safehold Inc. is likely part of its broader efforts to manage the state's investments and maximize returns for taxpayers. The department has a long history of investing in a variety of assets, including stocks, bonds, and real estate, in order to generate competitive returns while also managing risk and ensuring that the state's investments align with its long-term goals and objectives.

It is worth noting that the State of Alaska Department of Revenue's investment in Safehold Inc. is just one part of a larger portfolio of investments managed by the department. The exact size and composition of the department's investment portfolio are not publicly disclosed, but it is believed to be quite substantial, with assets under management totaling billions of dollars as of 2021.

Overall, the State of Alaska Department of Revenue's decision to raise its holdings in Safehold Inc. is likely a strategic move aimed at maximizing returns for taxpayers while also diversifying the department's investment portfolio and managing risk. As with any investment, it is important for the department to carefully consider the potential risks and rewards before making any decisions about its holdings.