NEW YORK, May 30, 2019 /PRNewswire/ -- iStar Inc. (NYSE:
STAR) announced that the Company's Board of Directors has increased
the authorization to repurchase shares of common stock to
$50 million.
iStar may purchase shares of its common stock in open market
transactions, including through one or more trading plans, and
privately negotiated transactions. The number of shares repurchased
and the timing of repurchases will depend on a number of factors,
including, but not limited to, stock price, trading volume and
general market conditions. The stock repurchase program has no time
limit and may be modified, suspended or terminated at any time by
the Board of Directors.
* * *
iStar Inc. (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