iStar Inc

iStar Inc. finances, invests in, and develops real estate and real estate related projects in the United States. It operates through four segments: Real Estate Finance, Net Lease, Operating Properties, and Land and Development. The Real Estate Finance segment offers senior and mezzanine real estate loans; preferred equity investments, and senior and subordinated loans to business entities; and whole loans and loan participations. The Net Lease segment owns and leases properties to single creditworthy tenants. As of December 31, 2016, this segment owned 282 facilities comprising 17.2 million square feet in 33 states. The Operating Properties segment operates commercial properties consisting of office, retail, hotel, and other properties; and residential properties, including luxury condominium projects. This segment operated 19 commercial properties comprising 2.9 million square feet in 8 states; and 8 residential projects representing 61 units located within luxury condominium projects in cities situated in the United States. The Land and Development segment owns a portfolio of land entitled for master planned communities (MPC), as well as for waterfront and urban infill land parcels. This segment owned 31 properties, including 10 MPC projects, 15 infill land parcels, and 6 waterfront land parcels. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as iStar Financial Inc. and changed its name to iStar Inc. in August 2015. iStar Inc. was founded in 1993 and is headquartered in New York, New York.