Tim Doherty Appointed Chief Investment Officer; Steve Wylder
Named EVP, Head of Investments
Marcos Alvarado to Depart to
Pursue Another Professional Opportunity
NEW
YORK, Jan. 16, 2024 /PRNewswire/ -- Safehold
Inc. (NYSE: SAFE) today announced updates to its executive
management team.
Tim Doherty, EVP, Head of
Investments, has been appointed Chief Investment Officer, and
Steve Wylder, EVP, Investments, has
been appointed EVP, Head of Investments, effective January 26, 2024. The Company's current President
& Chief Investment Officer, Marcos
Alvarado, will step down from the Company to pursue a
professional opportunity at a private investment firm. Mr. Alvarado
will remain with Safehold through January
26, 2024 to ensure a smooth transition of his
responsibilities.
"These appointments demonstrate the deep bench of talent we have
developed at Safehold," said Jay
Sugarman, Chairman and Chief Executive Officer. "Tim and
Steve are both long-time veterans of the business and have played
instrumental roles in transforming Safehold from the creation of
the business into the leading ground lease REIT it is today, with a
portfolio of high-quality assets across the country. I look forward
to working closely with them and our senior leadership as we
continue to revolutionize real estate ownership and position
Safehold for sustainable, long-term value creation."
Mr. Sugarman continued, "On behalf of the Board and executive
management team, we thank Marcos for his many contributions over
his tenure. He has been a strong partner and leader at Safehold,
and we wish him the very best in his next professional
endeavor."
"I am incredibly proud of all we have achieved and I am
confident in Safehold's continued success for years to come," said
Mr. Alvarado.
In his new role, Mr. Doherty will report directly to Mr.
Sugarman and Mr. Wylder will continue to report directly to Mr.
Doherty. In connection with his departure from the Company, Mr.
Alvarado will also step down from his position as a member of the
Company's Board of Directors.
About Safehold:
Safehold Inc. (NYSE: SAFE) is revolutionizing real estate
ownership by providing a new and better way for owners to unlock
the value of the land beneath their buildings. Having created the
modern ground lease industry in 2017, Safehold continues to help
owners of high quality multifamily, office, industrial,
hospitality, student housing, life science and mixed-use properties
generate higher returns with less risk. The Company, which is taxed
as a real estate investment trust (REIT), seeks to deliver safe,
growing income and long-term capital appreciation to its
shareholders. Additional information on Safehold is available on
its website at www.safeholdinc.com.
Company Contact:
Pearse Hoffmann
Senior Vice President
Capital Markets & Investor Relations
T 212.930.9400
E investors@safeholdinc.com
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SOURCE Safehold
