Safehold Appoints Jesse Hom to Join Board of Directors

Rhea-AI Summary

Safehold Inc. (NYSE: SAFE) has appointed Jesse Hom to its Board of Directors, effective immediately. Hom brings over 15 years of experience in the commercial real estate sector, focusing on investments and asset management. He is currently the Managing Director and Global Head of Real Estate Credit at GIC, Singapore's sovereign wealth fund. The company aims to provide innovative ground lease solutions to enhance property ownership values, supporting safer and growing returns for shareholders.

Positive

• Appointment of Jesse Hom enhances board expertise in commercial real estate.
• Hom's background in investments and asset management is a strategic asset for growth.

Negative

• None.

NEW YORK, Dec. 17, 2021 /PRNewswire/ -- Safehold Inc. (NYSE: SAFE), the creator and leader of the modern ground lease industry, announced today that the Board of Directors has appointed Jesse Hom as a new director, effective immediately.

"We are excited to welcome Jesse to the Board of Directors. He brings over 15 years of valuable commercial real estate industry insight with deep experience in investments, asset management, and capital markets," said Jay Sugarman, Chairman and Chief Executive Officer.

Hom is a Managing Director and Global Head of Real Estate Credit at GIC, Singapore's sovereign wealth fund, where he has focused on both equity and credit investments since 2008. Additionally, Hom sits as a director on several private real estate company boards. He is a graduate of Cornell University with a bachelor's degree and real estate finance concentration from the School of Hotel Administration.

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 and mixed-use properties generate higher returns with less risk. The Company, which is taxed as a real estate investment trust (REIT) and is managed by its largest shareholder, iStar Inc., 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: 

Jason Fooks
Senior Vice President
Investor Relations & Marketing
T: 212.930.9400
E: investors@safeholdinc.com 

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SOURCE Safehold

FAQ

Who is Jesse Hom and what is his role at Safehold?

Jesse Hom has been appointed as a director on Safehold's Board, bringing extensive experience in commercial real estate.

What experience does Jesse Hom bring to Safehold?

Hom has over 15 years of experience in investments, asset management, and capital markets, particularly with GIC.

How will Jesse Hom's appointment impact Safehold?

His appointment is expected to strengthen Safehold's strategic direction in the real estate sector.

When was Jesse Hom appointed to the Board of Directors at Safehold?

Jesse Hom was appointed to the Board of Directors on December 17, 2021.

What is Safehold's focus as a company?

Safehold focuses on revolutionizing real estate ownership through innovative ground lease solutions to enhance property values.