Spring 2023

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26 SAG-AFTRA | Spring 2023 | For Members News, Information and Benefits S AG-AFTRA has bought a property that will be its future home. The commercial office building and nearby vacant lot in North Hollywood, California, was purchased for $46.6 million. The property is 100% leased and features more than 118,000 square feet of commercial office space with two anchor tenants. In total, the purchase includes the building on 1.22 acres and a nearby 0.71-acre vacant lot that provides a significant development opportunity for future office space, event facilities or additional leasable square footage. SAG-AFTRA President Fran Drescher said, "As national president, I began to investigate ways to diversify our investment portfolio and was surprised to learn we were the only entertainment industry union to not own our own headquarters versus paying large rents. After multiple sessions with my NED Duncan Crabtree-Ireland and CFO Arianna Ozzanto, it was determined that SAG-AFTRA was now in a financially sound position to pursue this goal. National Secretary-Treasurer and Finance Committee Chair Joely Fisher next took the lead in pursuit of a worthwhile real estate investment. She has dreamed of this day for years and showed great determination to complete the legacy that her mother, former Secretary-Treasurer Connie Stevens, began decades ago. Many thanks to this collaborative effort for bringing our union into this new chapter of ownership!" "This is a historic milestone for our union and a testament to our strength and resilience. The new building will provide us with more space, better facilities, and greater opportunities to serve our members and advance our mission," said Crabtree-Ireland. "By owning instead of renting, we will save money in the long run, build equity, and have more flexibility and stability. It also reflects our commitment to innovation and sustainability. I particularly want to thank Arianna Ozzanto, our extraordinary chief financial officer, along with our dedicated member leaders, especially President Drescher, Executive VP Ben Whitehair, and Secretary-Treasurer Joely Fisher, for their dedication to moving this important project to fruition. We look forward to moving into our new home in a few years and continuing to make SAG-AFTRA the best union in the world for the professionals who work in front of the camera or behind a microphone." Located in the heart of the Los Angeles "Media Triangle," the site is close to major studios and production facilities, including Netflix, Universal, Nickelodeon and Warner Bros. The property is conveniently located near major transportation arteries, including the 101 and 170 freeways and the Metro Orange Line. North Hollywood Site Union's Future Headquarters SAG-AFTRA Buys New Building

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