iStar Prices Stock Offering

December 14, 2007, 3:00 p.m. EST 1 Min Read

New York-based iStar Financial Inc., a commercial real estate investment trust, has announced the pricing of 8 million shares of its common stock at $28.41 per share.The net proceeds of the offering are expected to be approximately $218 million. The joint book-running managers for the offering were Citigroup Global Capital Markets Inc., J.P. Morgan Securities Inc., and Wachovia Securities. The company can be found online at http://www.istarfinancial.com.

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