iStar’s land business focuses our creative energies and agile disciplines on transforming bare spaces into unique places—reimagining landscapes and cityscapes, breaking new ground with state of the art designs and development of sustainable communities. Our land portfolio consists primarily of master planned communities, urban infill and waterfront development sites across a broad spectrum of markets, including some of the strongest markets in the United States. Adapting to each individual market and opportunity, we design, entitle, and develop residential communities. We may also optimize land values through lot sales individually or in bulk to homebuilders. We sometimes partner with commercial real estate developers to develop exceptional urban infill and waterfront communities in and around major cities, generally for mixed-use and luxury residential projects.