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1114 Avenue of the Americas, 39th Fl. New York, NY 10036 NY Tel. 212-930-9400 Fax 212-930-9494 |
Type: Public
On the web:
http://www.istarfinancial.com
Employees:
200
Employee growth: (19.0%)
iStar Financial (formerly Starwood Financial) is a real estate investment trust (REIT) that acts as a private banker for owners of high-end commercial real estate in the US and abroad. Its financing activities include first mortgages, senior and mezzanine real estate debt and corporate capital, net lease financing, and equity investments. The REIT's loans typically range in size from $20 million to $150 million and are mainly secured by apartments or residential properties, office complexes, land, hotels, or industrial, retail, or entertainment properties. Founded in 1993, iStar has made more than $35 billion worth of commercial real estate investments. Its current portfolio weighs in at some $9 billion.
Key numbers for fiscal year ending December, 2010:
Sales: $575.3M
One year growth: (60.1%)
Net income: $79.7M
Officers:
Chairman and CEO: Jay Sugarman
CFO: David DiStaso
SVP Investor Relations and Marketing: Andrew G. Backman
Competitors:
Annaly Capital Management
Capstead Mortgage
Redwood Trust
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