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02/15/2011

iStar Financial Declares Preferred Stock Dividends

NEW YORK, Feb. 15, 2011 /PRNewswire via COMTEX/ --

iStar Financial Inc. (NYSE: SFI), a publicly traded, fully-integrated finance and investment company focused on the commercial real estate industry, announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on March 15, 2011 to holders of record on March 1, 2011.

A dividend of $0.50 per share will be paid on the 8.00% Series D Preferred Stock; a dividend of $0.492188 per share will be paid on the 7.875% Series E Preferred Stock; a dividend of $0.4875 per share will be paid on the 7.80% Series F Preferred Stock; a dividend of $0.478125 per share will be paid on the 7.65% Series G Preferred Stock; and a dividend of $0.46875 per share will be paid on the 7.50% Series I Preferred Stock.

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iStar Financial Inc. is a publicly traded, 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 across a range of real estate sectors. The Company is taxed as a real estate investment trust ("REIT"). Additional information on iStar Financial is available on the Company's website at www.istarfinancial.com.

SOURCE iStar Financial Inc.

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