- Website: http://www.istarfinancial.com/
- Address: 1114 Avenue of the Americas New York, NY 10036
- Country: United States
- Listed: August 3, 2013 1:30 am
The iStar Evolution
We began our business in 1993 and operated as part of a private company for the next five years. During that time, we raised over $750 million in equity capital from leading institutional and high-net worth investors such as IBM, DuPont and GM pension funds, as well as the Ziff, Pritzker and Burden (Vanderbilt) families. From 1998 through 2000, we completed a number of strategic corporate acquisitions to complement our organic growth and enhance our business franchise. iStar began trading on the New York Stock Exchange on November 4, 1999. The company is taxed as a real estate investment trust (“REIT”), permitting higher returns on equity at a fraction of the leverage of taxable finance companies.