Turning to Slide 6, we provide some additional details on the $250 million equity investment in Safehold made subsequent to year-end as we expand our relationship with Safe and focus more on the ground lease business. Inclusive of this investment, iStar currently owns approximately 65% of Safe's equity. This is comprised of 41.8% of Safe's common stock and the remainder in the form of 12.5 million non-voting LP units. We will exchange these LP units in the shares of common stock later this year on a one-for-one basis, subject to Safe's shareholder approval. As part of making the investment, we also amended the existing management contract with Safehold. A more detailed description of the changes of the contract can be found on this slide and the 8-K filed on January 3, 2019.