iStar Inc.

Good morning and welcome to ISTAR's fourth quarter and fiscal year 2022 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 star one. That's star one 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 Piers Hoffman, Senior Vice President of Capital Market and Investor Relations. Please go ahead, sir.

Good morning, everyone. Thank you for joining us today to review I-Star's fourth quarter and fiscal year 2022 earnings. With me today are Jay Sugarman, Chairman and Chief Executive Officer, Marcos Alvarado, President and Chief Investment Officer, and Brett Asness, Chief Financial Officer. This morning, we published an earnings presentation highlighting our results. and our call will refer to these slides, which can be found on our website at istar.com in the investor section. There will be a replay of the call beginning at 2 p.m. Eastern time today. The replay is accessible on our website or by dialing 877-481-4010 with a confirmation code of 47582. 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. I-STAR's 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. I-STAR disclaims any intent or obligation to update these forward-looking statements, except as expressly required by law. Now, I'd like to turn the call over to I-STAR's Chairman and CEO, Jay Sugarman. Jay?

Thanks, Pierce, and thanks to all of you for joining us today. 2022 was an important transition year for I-STAR. Monetizing legacy assets and positioning Safehold to unlock its full potential have been the prime focus for some time now, and the merger announcement in August was the culmination of that strategy. Since that time, we've continued to make progress and are working hard to reach the finish line, scheduling the vote for early next month and ideally closing by the end of the quarter. Letting go of the past and embracing the future is always difficult, and we've had to make some tough decisions along the way. But the payoff should be well worth the effort. We remain convinced our modern, groundless structure has become a powerful new source of capital for the real estate industry. We are pleased to have firmly established Safehold as the innovative leader of this important new asset class. With much of I-Star's large holdings in Safehold being delivered to shareholders, either directly or indirectly, the benefits of what we're building post-merger should accrue in large part to I-Star shareholders over the coming years. Much hard work remains to realize the full promise of our groundless strategy and to see its value fully reflected in our share price, but we have a very clear vision of how to unlock that value once we can put the current merger and market disruptions behind us. Okay, let's turn it over to Marcos and Brett to recap the quarter and the year. Marcos?