Michael Trachtenberg Takes On Leadership Role at Safehold Inc. and Paves the Way for Growth

Safehold Inc. Welcomes New President

Safehold Inc., recognized as a leader in the modern ground lease industry, has recently appointed Michael Trachtenberg as its new President. This strategic move is set against a backdrop of expanding opportunities within the company and a robust market for modern ground leases. Trachtenberg’s extensive experience in real estate management will play a crucial role as he steps into this high-profile position.

A Veteran in Real Estate

Michael Trachtenberg is no stranger to the real estate sector. With over 20 years of experience, he has developed a deep understanding of institutional real estate investment management. Prior to this new appointment, he served as President at Lubert-Adler, a significant player in the real estate fund management scene. His track record there involved pivotal roles such as managing key operational functions and participating in investment decisions across various asset classes. Trachtenberg’s expertise spans numerous major U.S. markets and includes diverse property types like multifamily units, retail spaces, hotels, and mixed-use developments.

Jay Sugarman, the CEO of Safehold, has expressed great confidence in Trachtenberg’s ability to drive results. "Michael stands out as a results-oriented operator with a refined skill set that is essential for our next growth phase," Sugarman stated. His appointment indicates the company's commitment to not only capitalize on its existing strengths but also to explore new avenues for value creation within the real estate landscape.

Strategic Vision for Safehold

As President, Trachtenberg will oversee the operational execution of Safehold’s strategic priorities, working closely with Sugarman and the existing team. The company seeks to leverage the growing recognition of modern ground lease structures among property owners, who increasingly appreciate the financial and strategic benefits that come with this innovation in land ownership. Trachtenberg's immediate focus will involve enhancing the company’s already esteemed portfolio and brand presence while navigating market dynamics and building relationships.

His commitment to excellence is echoed by Safehold’s Lead Director, Stefan Selig, who remarked on the rigorous search process leading to Trachtenberg's selection. The board is optimistic about the value his leadership will add, further propelling the growth phase that Safehold is poised to enter.

Previous Experience and Background

Before joining Lubert-Adler, Trachtenberg gained invaluable experience as an analyst at Merrill Lynch, focusing on real estate finance. His academic credentials are also notable; he holds a Bachelor of Science degree in Accounting and Finance from New York University’s Stern School of Business.

In summary, Trachtenberg's integration into Safehold signals a proactive approach towards maintaining its innovative edge in the ground lease market. The company, having pioneered this segment since 2017, continues to aim for higher returns with minimized risks. Safehold's model is designed to ensure not just operational growth but also long-term capital appreciation for its shareholders, ensuring it remains at the forefront of real estate innovation.

Conclusion

With Michael Trachtenberg's appointment, Safehold is set for an invigorated phase of advancement and leadership in real estate, cementing its status as a transformative force in modern land leasing. The company's clear vision for the future includes a relentless pursuit of growth opportunities, ultimately enhancing returns for its stakeholders. As the landscape of real estate continues to evolve, Safehold stands ready to meet the future with confidence.