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    iStar Inc. (STAR)

    12.69 Down 0.26(2.01%) 4:00PM EDT
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    iStar Inc.
    1114 Avenue of the Americas
    New York, NY 10036
    United States - Map
    Phone: 212-930-9400
    Fax: 212-930-9494
    Website: http://www.istar.com

    Index Membership:N/A
    Industry:REIT - Diversified
    Full Time Employees:182

    Business Summary 

    iStar Inc. operates as a finance and investment company focusing on the commercial real estate industry in the United States. The company provides custom-tailored investment capital to high-end private and corporate owners of real estate; and invests in a range of real estate sectors. It operates in four segments: Real Estate Finance, Net Lease, Operating Properties, and Land. The Real Estate Finance segment offers senior and mezzanine real estate loans; preferred equity investments, and senior and subordinated loans to corporations; and whole loans and loan participations. The Net Lease segment owns and leases corporate facilities to single creditworthy tenants. As of December 31, 2014, this segment owned 304 facilities comprising 18.7 million square feet in 33 states. The Operating Properties segment operates commercial properties consisting of office, retail, hotel, and other properties; and residential properties, including luxury condominium projects. This segment operated 29 commercial properties comprising 6.0 million square feet in 10 states; and 13 residential projects representing approximately 332 units located within luxury condominium projects in major cities in the United States. The Land segment owns a portfolio of land entitled for master planned communities (MPC), as well as for waterfront and urban infill land parcels. This segment owned 32 properties, including 11 MPC projects, 15 infill land parcels, and 6 waterfront land parcels. The company qualifies as a real estate investment trust (REIT) for federal income tax purposes. As a REIT, it generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as iStar Financial Inc. and changed its name to iStar Inc. in August 2015. iStar Inc. was founded in 1993 and is headquartered in New York, New York.

    Key Statistics

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    Corporate Governance 
    iStar Inc.’s ISS Governance QuickScore as of Oct 1, 2015 is 4. The pillar scores are Audit: 2; Board: 2; Shareholder Rights: 6; Compensation: 5.
    Brought to you by Institutional Shareholder Services (ISS)

    Key Executives 
    Mr. Jay S. Sugarman , 52
    Chairman and Chief Exec. Officer
    Mr. David M. Distaso , 50
    Chief Financial Officer
    Ms. Nina B. Matis , 67
    Chief Investment Officer, Chief Legal Officer and Exec. VP
    Mr. Barclay G. Jones III , 55
    Exec. VP of Investments
    Ms. Michelle MacKay , 48
    Head of Capital Markets and Exec. VP of Investments
    Amounts are as of Dec 31, 2014 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
    Currency in USD.
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