Safehold Appoints Michael Trachtenberg as New President for Strategic Growth

Safehold Inc. Enhances Leadership with New President Appointment

Safehold Inc. is set to strengthen its position in the modern ground lease industry with the appointment of Michael Trachtenberg as President, effective December 1, 2025. Trachtenberg’s extensive operational experience, amassed over two decades in real estate, positions him to lead the company’s operations and collaborate closely with CEO Jay Sugarman. Sugarman highlights Trachtenberg’s results-driven approach and significant expertise in institutional real estate investment management as key assets that will drive Safehold forward during a time when property owners increasingly appreciate the advantages of modern ground lease structures.

Trachtenberg’s previous role as President of Lubert-Adler, a multibillion-dollar real estate fund manager, underscores his capability in managing complex investments and enhancing portfolio management. His tenure at Lubert-Adler spans nearly 20 years, during which he thrived in various U.S. real estate markets and asset classes, including multifamily, retail, and mixed-use properties. His ability to structure intricate joint ventures and execute portfolio acquisitions is expected to be instrumental in Safehold's growth strategy. As he steps into his new role, Trachtenberg aims to leverage the company’s robust portfolio and strong brand reputation, capitalizing on its competitive balance sheet to achieve strategic priorities and deliver attractive risk-adjusted returns.

The leadership transition comes at a pivotal moment for Safehold, with Lead Director Stefan Selig expressing strong confidence in Trachtenberg’s ability to drive growth and improve performance. Selig emphasizes that the thorough search process leading to Trachtenberg’s appointment reflects the company’s commitment to finding the right leader for its future. The focus on modern ground lease structures aligns with market trends where property owners increasingly recognize the financial flexibility and operational benefits they provide. Safehold's strategic positioning under Trachtenberg’s leadership is anticipated to enhance its market presence and operational efficacy in the evolving real estate landscape.

In addition to his impressive resume, Trachtenberg’s background includes an analytical foundation at Merrill Lynch, where he focused on real estate finance and structured transactions. His educational credentials include a degree from New York University’s Stern School of Business, further solidifying his expertise in the financial aspects of real estate investments. This blend of experience and education equips Trachtenberg to navigate the complexities of the ground lease market and drive Safehold’s initiatives effectively.