ISTAR INC.: directors' dealings · United States · SEC (Form 4)

About ISTAR INC.

iStar Inc. (ticker: STAR) is a U.S.-listed real estate company traded on the NYSE/NASDAQ in the United States, with headquarters in New York, New York. Historically structured as a REIT, the company built its platform around integrated real estate finance, investment, and development capabilities, with a portfolio and operating focus historically centered on large assets in major metropolitan markets. Its business model has combined real estate lending, property investment, operating properties, and land development, which gives it a more hybrid profile than a conventional property owner. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1095651/000109565121000006/star-20201231.htm?utm_source=openai)) iStar’s roots go back to 1993, when it began as a manager of private investment funds, and it became publicly traded in 1998. That long operating history matters: it has allowed the company to develop a deep bench in structured real estate transactions, credit-oriented investing, and capital allocation across multiple property types and market cycles. Rather than competing as a pure-play landlord, iStar has long positioned itself as a specialized real estate investor and financier capable of sourcing, structuring, and monetizing investments across the full real estate capital stack. SEC filings indicate that it has invested more than $40 billion over roughly two decades, underscoring the scale of its experience. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1095651/000109565121000006/star-20201231.htm?utm_source=openai)) From a competitive standpoint, iStar has traditionally stood out as a niche, opportunistic real estate platform rather than a broad diversified REIT. That specialization can be a strength because it supports underwriting discipline, flexibility, and asset-level value creation. At the same time, it can also create higher execution risk, since results depend heavily on disciplined capital deployment, credit performance, and successful asset monetization. Historically, the company’s primary reportable segments included real estate finance, net lease, operating properties, and land and development, reflecting a mix of recurring income and transactional earnings. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1095651/000109565121000006/star-20201231.htm?utm_source=openai)) Its main products and services have consisted of interest income from real estate loans, rental and reimbursement income from leased properties, land development revenue from lot and parcel sales, proceeds from asset dispositions, and management fee income tied to affiliated or managed investment platforms. That mix shows a business model built around capital recycling rather than pure rental collection. Over time, the company has also managed ground lease and net lease investments, reinforcing its role as a specialist in structured property exposure. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1095651/000109565121000006/star-20201231.htm?utm_source=openai)) Geographically, iStar has focused on larger assets in major U.S. metropolitan markets, with its corporate base in New York City. The company’s SEC filings confirm its principal executive offices at 1114 Avenue of the Americas, New York, NY 10036. That New York headquarters is consistent with the firm’s long-standing orientation toward institutional capital markets and complex real estate transactions. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1095651/000117911021010625/0001179110-21-010625-index-headers.html?utm_source=openai)) Recent developments are especially important for investors. SEC filings show that on March 31, 2023, iStar completed a major restructuring: it spun off remaining legacy and other assets to Star Holdings and completed the merger with Safehold Inc., after which iStar continued as the surviving company and changed its name to Safehold Inc. In practical terms, that means STAR should be understood through the lens of iStar’s legacy real estate and monetization history, while recognizing that the corporate structure and asset base were materially reshaped in 2023. For French-speaking investors, the key takeaway is that STAR represents a transformed U.S. real estate platform with a long track record, a New York headquarters, and a historically specialized focus on real estate finance and asset value realization. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1953366/000195336626000003/stho-20251231x10k.htm?utm_source=openai))