NEW YORK, April 9, 2019 /PRNewswire/ -- iStar Inc. (NYSE:
STAR) announced today that its Board of Directors has nominated
Richard Lieb for election as a
Director at its 2019 Annual Meeting of Shareholders on May 16. All current Directors will stand for
re-election with the exception of Dale Anne
Reiss, a Director since 2008, who has decided not to stand
for re-election and will continue to serve as Director until
May 16, 2019.
"I am excited to announce the selection of Richard Lieb to serve on our Board. He is an
accomplished strategic advisor in the real estate industry and his
Board experience will be an invaluable addition to iStar," said
Jay Sugarman, Chairman and Chief
Executive Officer. "I am deeply grateful to Dale, who has served on
the Board for over 10 years, and who has contributed significantly
to our strategic repositioning and by chairing our audit committee
during that time."
Mr. Lieb serves as a Senior Advisor of Greenhill & Co., LLC,
a publicly-traded investment bank. Prior to that he served as a
Managing Director and Chairman of Real Estate at Greenhill. Prior
to joining Greenhill in 2005 he spent more than 20 years with
Goldman Sachs, where he headed its Real Estate Investment Banking
Department from 2000-2005. Mr. Lieb has nearly 35 years of
experience focusing on advisory opportunities in the real estate
industry and currently serves on the Board of Directors for several
other publicly-traded real estate companies. Mr. Lieb received his
MBA from Harvard Business School and
his BA from Wesleyan University.
For more information please review iStar's proxy statement
available on its website, www.istar.com, in the "Investors"
section.
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iStar (NYSE: STAR) is focused on reinventing the ground lease
sector, unlocking value for real estate owners throughout the
country by providing modern, more efficient ground leases on all
types of properties. As the founder, investment manager and largest
shareholder of Safehold Inc. (NYSE: SAFE), the first publicly
traded company to focus on modern ground leases, iStar is helping
create a logical new approach to the way real estate is owned, and
continues to use its historic strengths in finance and net lease to
expand this unique platform. Recognized as a consistent innovator
in the real estate markets, iStar specializes in identifying and
scaling newly discovered opportunities and has completed more than
$40 billion of transactions over the
past two decades. Additional information on iStar is available on
its website at www.istar.com.
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SOURCE iStar