iStar Prices Stock Offering

November 13, 2006, 3:00 p.m. EST 1 Min Read

New York-based iStar Financial Inc., a commercial real estate finance company, has announced the pricing of 11 million shares of its common stock at $44.50 per share.The net proceeds of the offering are expected to be approximately $471.1 million. The joint book-running managers for the offering were Bear Stearns, Citigroup Corporate and Investment Banking, and Lehman Brothers. The company can be found online at http://www.istarfinancial.com.

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