Safehold Inc

Good morning and welcome to Safehold's second quarter 20 earnings conference call. If you need assistance during today's call, please press star zero. If you would like to ask a question, please press one zero. As a reminder, today's conference is being recorded. At this time for opening remarks and introduction, I would like to turn the conference over to Jason Fuchs, Senior Vice President of Investor Relations and Marketing. Please go ahead, sir.

Good morning, everyone. Thank you, Tiffany, and thank you for joining us today for Safehold's second quarter 2020 earnings call. On the call today, we have Jay Sugarman, Chairman and Chief Executive Officer, Marcus Alvarado, President and Chief Investment Officer, and Jeremy Foxkeen, Chief Financial Officer. This morning, we plan to walk through a presentation that details our second quarter 2020 results. The presentation can be found on our website at safeholdinc.com and by clicking on the investors link. There'll be a replay of this conference call beginning at 1 p.m. Eastern time today, and the dial-in for the replay is 866-207-1041 with the confirmation code of 707-9588. Before I turn the call over to Jay, I'd like to remind everyone that statements in this earnings call which are not historical facts may be forward-looking, or actual results may differ materially from these forward-looking statements, and the risk factors that could cause these differences are detailed in our SEC reports. Stateful disclaims any intent or obligation to update these forward-looking statements except as expressly required by law. Now, with that, I'd like to turn the call over to Chairman and CEO, Jay Sugarman. Jay?

Thanks, Jason, and thank all of you for joining us today. The last three months in our country have been extraordinarily challenging ones. The tragic toll of COVID on many families and many businesses continues to grow. and the negative impact to our economy has been nothing short of historic. We again offer our sympathies to those affected and our thanks for those working to help overcome this challenge. We also hope the renewed focus on racial equality and equal opportunity can help set us on the right path for the future. A prosperous United States where all are respected, where all can contribute, creates the best long-term environment for us to deliver shareholders the full promise of Safehold's unique business strategy. And we certainly hope for better times ahead for all of our country. In the meantime, we're pleased that Safehold's strategy continues to deliver solid returns, even during this difficult period. Our combination of principal safety, strong growth prospects, and embedded value positions us to continue to expand our platform and capture value for shareholders. While our growing scale enables us to provide increasingly compelling capital to our customers. That capital is capital efficient, cost efficient, and risk reducing. Our new modern form of ground leasing continues to get better and should continue to offer a better alternative for many customers that will help them access the low-cost capital they need to meet their goals and their return targets. With respect to the quarter, while transaction volume in the overall market has been significantly reduced, we remain confident we will win our fair share of deals as transaction activity picks up and continue to explore new accretive ways to deploy capital to gain market share. The strong performance of our existing portfolio, the significant dry powder at our disposal, and the low rate environment all set us up nicely to push forward once the market reopens. and we've been fielding more calls recently as the market tries to find its bearings. While still hard to predict, we are starting to see signs that it should be a more active second half of the year. And with that, let me turn it over to Jeremy for the details of the quarter. Jeremy.