Safehold Appoints Michael Trachtenberg as President

Core Viewpoint - Safehold Inc. has appointed Michael Trachtenberg as President, who brings over two decades of operational experience in the real estate industry, to oversee operations and execution across the business [1][2]. Company Leadership - Michael Trachtenberg is recognized as a sophisticated operator with expertise in institutional real estate investment management, joining Safehold at a time of growing opportunities in the modern ground lease market [2]. - The Board conducted an extensive search process, highlighting Trachtenberg's track record in driving growth and operational excellence as key factors in his appointment [2]. Strategic Vision - Trachtenberg aims to execute Safehold's strategic priorities and deliver attractive risk-adjusted returns, emphasizing the company's role as a pioneer in the ground lease market with a strong portfolio and competitive advantages [2][5]. - The company focuses on helping owners of high-quality properties generate higher returns with less risk through modern ground lease structures [5]. Background of the New President - Prior to joining Safehold, Trachtenberg served as President at Lubert-Adler, a multibillion-dollar real estate fund manager, where he was involved in various real estate initiatives and investments across major U.S. markets [2][3]. - He has a background in real estate finance and capital markets from his time as an analyst at Merrill Lynch and holds a B.S. in Accounting and Finance from New York University's Stern School of Business [3].