NEW YORK, April 23, 2018 /PRNewswire/
-- iStar (NYSE: STAR) announced today that it has
released a digital version of its Annual Review for the first time,
which can be accessed by visiting: istar.com/annualreport2017. The
Annual Review highlights 2017 as a significant year marked by
tangible progress: delivered strong earnings performance, executed
a transformative capital markets transaction, received upgrades
from all three major rating agencies, launched a revolutionary new
company – Safety, Income & Growth Inc. (NYSE: SAFE), harvested
value from legacy assets, and laid the groundwork for a bright
future ahead.
Reflecting on iStar's 20th anniversary as a public
company, Chairman and Chief Executive Officer Jay Sugarman offers a letter to shareholders
invoking over two decades of contrarian thinking that have unlocked
value in areas of the real estate market that have otherwise been
overlooked.
The Annual Review's design inspiration was derived from one of
the most captivating moments of 2017 – the total solar eclipse on
August 21. The celestial phenomenon
was visible in the continental U.S. for the first time in 38 years
and was the first since 1918 to span the country from the Pacific
to the Atlantic, prompting an entire nation to stop in its tracks
and take notice. In light of 2017's accomplishments, the eclipse
symbolism is intended to represent both a moment of reflection and
a confluence of events that warrant the attention of current and
prospective investors alike.
Shareholders are cordially invited to attend iStar's 2018 annual
meeting of shareholders, to be held at the Harvard Club of
New York City – 35 West 44th
Street, 3rd Floor, New York, New
York 10036 – on Wednesday, May
16 at 9:00am local time.
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iStar (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