Safehold's Strategic Appointment
Safehold Inc. (NYSE: SAFE), a pioneer in the modern ground lease industry, is thrilled to announce the appointment of Michael Trachtenberg as its new President. With over two decades of experience in real estate, Mr. Trachtenberg is set to lead the company in its continued growth and innovation in ground lease structures.
Leadership and Vision for Safehold
In his new role, Michael Trachtenberg will take charge of operations and execution within the company, collaborating closely with Jay Sugarman, the Chief Executive Officer. Mr. Sugarman expressed confidence in Trachtenberg’s capabilities, calling him a results-driven operator with extensive institutional real estate investment management expertise. This appointment comes as Safehold is poised for substantial growth as more property owners recognize the strategic and financial advantages of modern lease structures.
The Board's Selection Process
Stefan Selig, Safehold's Lead Director, emphasized that Trachtenberg's appointment followed an exhaustive search process conducted by the Board. His proven track record in driving growth and improving operational performance was pivotal in this decision. The Board firmly believes that Mr. Trachtenberg’s leadership and extensive real estate background will bring immediate value to the company, particularly in navigating the next phase of growth.
Michael Trachtenberg's Background
Before joining Safehold, Mr. Trachtenberg held the position of President at Lubert-Adler, a prominent real estate fund management firm. His leadership at Lubert-Adler involved a variety of significant real estate initiatives, encompassing investment strategies, portfolio management, and investor engagement.
His career began at Merrill Lynch as an analyst, where he honed his skills in real estate finance and capital markets. Mr. Trachtenberg possesses a B.S. in Accounting and Finance from New York University's Stern School of Business, which complements his extensive professional experience.
Revolutionizing Real Estate Ownership
In a recent statement, Mr. Trachtenberg remarked on Safehold’s established position as a standard-bearer in the ground lease market, highlighting its robust portfolio and competitive balance sheet. He is eager to work with the team to execute on strategic priorities and optimize returns for shareholders.
About Safehold Inc.
Safehold Inc. (NYSE: SAFE) is at the forefront of transforming real estate ownership, enabling property owners to unlock the value of the land under their buildings. Since establishing the modern ground lease market in 2017, Safehold has been instrumental in enhancing income potential and minimizing risk for various types of properties, including multifamily and mixed-use developments. The company operates as a real estate investment trust (REIT) with a strong focus on delivering consistent, growing income and capital appreciation for its investors.
Company Contact
Pearse Hoffmann
Senior Vice President
Head of Corporate Finance
T 212.930.9400
E [email protected]
Frequently Asked Questions
Who is Michael Trachtenberg?
Michael Trachtenberg is the newly appointed President of Safehold Inc., bringing over 20 years of experience in the real estate sector.
What role will Mr. Trachtenberg play at Safehold?
He will oversee operations and execution at Safehold, working closely with the CEO to drive growth and innovation.
What is Safehold Inc. known for?
Safehold is recognized as a pioneer in the ground lease market, offering innovative solutions for real estate ownership.
How did the Board choose Mr. Trachtenberg?
The Board conducted a thorough search, highlighting his track record of improving performance and operational excellence in previous roles.
What is the strategic importance of modern ground leases?
Modern ground leases provide property owners with financial advantages and opportunities to enhance returns, making them increasingly popular in real estate investment.
