Hello, and welcome to the 2024 Annual Meeting of Stockholders of Safehold Incorporated. Please note that today's meeting is being recorded. Following the formal business portion of the meeting, we'll have a general Q&A discussion period. You can submit questions or comments at any time by clicking the message icon, typing into the Ask a Question field on your screen, and clicking Submit. It is now my pleasure to turn today's meeting over to Mr. Austin Lee, Corporate Secretary of Safehold Incorporated. Mr. Lee, the floor is yours. Thank you, operator. Good morning, and thank you all for joining us today online for our virtual annual meeting. Before I turn things over to our Chairman and Chief Executive Officer, Jay Sugarman, I want to make some general comments. This meeting will be conducted in accordance with the meeting guidelines that are available online. Except for the company representatives conducting this meeting, all participants will be in listen-only mode. As noted, following the formal meeting, there will be Q&A. Written questions and comments may be submitted online. Any statements made during this meeting, including the Q&A session, which are not historical facts, may be forward-looking. The company'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. The company disclaims any intent or obligation to update these forward-looking statements, except as expressly required by law. I now turn things over to our Chairman and Chief Executive Officer, Jay Sugarman. Jay? Thanks, Austin, and good morning, ladies and gentlemen. I'd like to welcome you to our 2024 Annual Meeting of Stockholders and call the meeting to order. Other members of our board of directors that are on this call this morning are Stefan Selig, our Lead Director, Jesse Hom, Robin Josephs, Jay Nydick, and Barry Ridings. I'll now ask Austin, as Corporate Secretary, to conduct the formal business portion of this meeting. After the formal business is concluded, I'll make some general remarks, and we'll provide stockholders with an opportunity to ask questions. Austin? Thanks, Jay. The formal business of the meeting is outlined in our proxy statement and includes certain matters required by law. The record date for this annual meeting is March 21, 2024. The notice of this meeting, the proxy statement, and the 2023 Annual Report of the company, which includes our audited financial statements, were first made available on or about April 5, 2024, to stockholders as of the record date. Our proxy statement reports the number of shares of our common stock entitled to vote at this meeting and the voting rights associated with those shares. A list of our stockholders of record on the record date has been available for inspection in accordance with applicable law. A majority of the outstanding shares of common stock constitutes a quorum. There's a majority represented at this meeting, either in person or by proxy, and therefore, I declare that a quorum is present. Mr. Chris Coleman, a representative of Computershare, our transfer agent, has been appointed Inspector of Election for today's meeting and is participating in this call. If any stockholder here today has not yet voted or wishes to change their vote, instructions for submitting votes electronically are set forth online at the internet address for this meeting. The first item of business involves the election of six directors to the company's board. In alphabetical order, the nominees are Jesse Hom, Robin Josephs, Jay Nydick, Barry Ridings, Stefan Selig, and Jay Sugarman. All of these individuals currently serve as members of our board. The nominees are elected today will serve one-year terms until the 2025 Annual Meeting of Stockholders. The second item of business is the ratification of selection of Deloitte as the company's independent registered public accounting firm for the current year. The board of directors has approved the appointment of Deloitte, subject to the approval by the company's stockholders. Mr. Vincent Bruno, a representative of Deloitte, is participating in today's call. The third item of business is the approval of the amendment to the company's long-term incentive plan. The fourth and final item of business is the Say on Pay vote, which is an advisory vote on the compensation of our executive officers, as described in our proxy statement. Your board of directors has recommended votes for each of the proposals one through four. Unless questions or comments have been submitted online regarding these proposals, I now declare the polls closed. The inspector has previously furnished me with a preliminary report of voting results based on the shares voted by proxy prior to the meeting. Based on that preliminary report, a plurality of votes cast has been voted for election of the six nominees listed in the proxy statement. Each nominee has received a majority of the votes cast for election as a director. Therefore, I declare that these individuals have been elected to serve as directors of the company for one-year terms. Also, a majority of the votes cast has been voted for the appointment of Deloitte as our independent registered public accounting firm, for the proposed amendment to the 2009 Long-Term Incentive Plan, and for the Say on Pay resolution. Therefore, I declare that each of these proposals has been approved. A final report of the voting results will be available online in the next few days, and will also be filed with the SEC. That concludes the formal portion of the meeting. There being no other business, I declare this meeting adjourned. Jay, I now turn things back to you. Thank you, Austin. Just a few notes. Despite the recent headwinds, we remain focused on the three key pillars of Safehold's business. One, the ground leases are our top-ranked asset class that has historically been very difficult to invest in. Two, we believe Safehold is the clear market leader in modernizing the ground lease industry and making it institutionally investable. And three, we believe this is a very large opportunity. I'd now like to respond to any questions or comments that have been submitted. There are no questions at this time, Jay. Thank you, Pearce. Well, if there are no questions, then I thank you for attending the meeting today. Operator, I'll now turn it back to you. This concludes the meeting. You may now disconnect.