Safehold Inc

Good morning and welcome to Safehold's first quarter 2021 earnings conference call. If you need assistance during today's call, please press star zero. If you'd like to ask a question, please press one zero. That's one zero to ask a question. As a reminder, today's conference is being recorded. At this time for opening remarks and introductions, 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, and thank you for joining us today for Safehold's earnings call. On the call today, we have Jay Sugarman, Chairman and Chief Executive Officer, Marcus Alvarado, President and Chief Investment Officer, and Jeremy Fox-Gein, our Chief Financial Officer. This morning, we plan to walk through a presentation that details our first quarter 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 830-7576. Now, before I turn the call over to Jay, I'd like to remind everyone that statements in this call which are not historical facts may be forward looking. Our 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. SAFE will disclaim 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. Thanks, everyone, for joining us today. We began 2021 with two main areas of focus. First, we wanted to continue expanding the modern ground lease universe by providing low-cost, long-term, more efficient capital to unlock value for more building owners. Achieving investment grade ratings during the quarter will be a powerful tool in helping us continue driving down our cost of capital and should open up the market even further in terms of what we can do for customers. Our goal is to double our portfolio over the next three years. And with the economy picking up and deal flow increasing, we expect to see more transactions close as vaccination efforts return activity and commercial real estate to a steadier rhythm. Second, We want to make sure investors more fully understand the value of the platform we have built and further expand our shareholder base as investors gravitate to Safehold's combination of asset safety, strong growth potential, and significant intrinsic value upside. With the increasing scale and diversity of our portfolio, the full value of what we are building should become more clear. And a key goal in 2021 is to share with investors a simple and straightforward way to value our company and each of its components. We've been systematically proving out the growth and quality of our portfolio over the past four years, and believe we've reached a scale where we can demonstrate the underlying value of our portfolio, the large opportunity ahead of us, and a compelling value proposition for investors. So with that, let's have Jeremy take you through the quarter. Jeremy?