iStar Financial's Board of Directors Upsizes Stock Repurchase Program to $50 Million

NEW YORK, Sept. 25, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that its Board of Directors approved an increase of the Company's stock repurchase program. The authorization raises the repurchase limit to $50 million from the $16 million remaining under the previously approved plan. The Company may repurchase its common stock from time to time in the open market, through privately negotiated transactions and may also make purchases through a 10b5-1 trading plan.

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iStar Financial Inc. (NYSE: SFI) is a fully-integrated finance and investment company focused on the commercial real estate industry. The Company provides custom-tailored investment capital to high-end private and corporate owners of real estate and invests directly across a range of real estate sectors. The Company, which is taxed as a real estate investment trust ("REIT"), has invested more than $35 billion over the past two decades. Additional information on iStar Financial is available on the Company's website at www.istarfinancial.com.

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SOURCE iStar Financial Inc.