NEW YORK, July 2, 2018 /PRNewswire/ -- iStar Inc. (NYSE:
STAR) today announced promotions among its senior management team.
Marcos Alvarado, who recently joined
iStar as Chief Investment Officer, has also been named President,
effective immediately. Andrew C.
Richardson, who recently returned to the firm as President
of Land & Development and who has been serving as interim Chief
Financial Officer, has agreed to take on the role of Chief
Financial Officer on an ongoing basis. As a result, iStar has
concluded its Chief Financial Officer search.
Jay Sugarman, iStar's Chairman
and Chief Executive Officer stated, "Marcos and Andy have been
great additions to the iStar team. We are already benefiting from
their significant contributions in advancing iStar's strategic
priorities. Our diversified portfolio together with our deep and
highly experienced team provides an exceptional platform to drive
long-term shareholder value. We are encouraged by our continued
progress in 2018 and are confident that our strong foundation will
lead to continued success."
Mr. Alvarado added, "iStar's unique platform has been honed over
the past 25 years to provide innovative value-add solutions for our
customers. I look forward to continuing the momentum of the
business as we work to create an exciting future for the
Company."
• • •
ŸiStar (NYSE: STAR) finances, invests in and develops real
estate and real estate related projects as part of its
fully-integrated investment platform. Building on over two decades
of experience and more than $35
billion of transactions, iStar brings uncommon capabilities
and new ways of thinking to commercial real estate and adapts its
investment strategy to changing market conditions. The Company is
structured as a real estate investment trust ("REIT"), with a
diversified portfolio focused on larger assets located in major
metropolitan markets. Additional information on iStar is available
on its website at www.istar.com.
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SOURCE iStar