Real estate finance
iStar’s tradition of innovation began in the real estate finance space over 25 years ago. We’ve long believed that we can help entrepreneurial-minded customers by creating financial structures that are best suited to meet their business needs.
It’s in our DNA to think creatively, help unlock value and create win-win solutions. Our decades of experience and multi-platform skill set enable us to create unique solutions that maximize value for customers. We pride ourselves on integrity and treating our borrowers the way we want to be treated.
SAFE x STAR One-Stop Capital Program
iStar’s creative financing capabilities combined with a Safehold™ ground lease provide a one-stop capital solution that delivers a better, more efficient capital structure to the market. We believe there are meaningful opportunities for iStar to deploy capital synergistically with Safehold in proprietary off-market opportunities where we can generate excess returns.
iStar has conceived and completed over $4 billion of net lease transactions across office, industrial, retail, hotel, entertainment and other property types. We are currently focused on deploying equity in the net lease sector in addition to our core focus on reinventing the ground lease sector. The combination of Safehold’s modern ground lease capital solution and our expertise in net lease opens doors to off-market net lease opportunities.
We target corporate customers with mission-critical facilities, marshaling our in-house capabilities in acquisitions, sale-leaseback and build-to-suit construction across all property types as we seek out attractive risk-adjusted opportunities. When a net lease can be combined with a Safehold™ ground lease, the returns can be quite compelling.
Reimagined commercial and residential assets have historically formed the core of iStar’s operating properties portfolio, while our land business has focused 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. We have deep expertise unlocking value through repositioning, inventive redesign, the infusion of capital, and intensive asset management efforts.
While we are in the process of monetizing most of our developmental portfolio as part of a dedicated focus on expanding the ground lease sector, there are three assets with a longer-term time horizon. Owning, operating and revitalizing such developments continues to be the best way to capture their value for shareholders.
Featured developmental assets:
Asbury Park has been reborn as an iconic city by the sea just over an hour from New York City. The birthplace of New Jersey rock and roll and the historic epicenter of the New Jersey boardwalk and beach scene, Asbury Park has come alive as part of a large-scale, long-term master development vision spanning 35 acres of waterfront redevelopment.
Magnolia Green is the top selling single-family community in the Richmond market. Approved for 3,550 homes on 2,000 acres south of the river in Chesterfield County, VA, Magnolia Green offers an 18-hole championship golf course recently rated one of the best in North America by Golf Digest, a 5-pool aquatic center and an 8-court tennis center.
Grand Vista is a 5,485 acre parcel just over 20 miles from Phoenix – land entitled for 16,450 residential units and 709 acres of commercial/mixed use development – currently housing an auto test track built by Chrysler that is being leased by a Fortune 100 company for R&D activities.