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11/11/2011

iStar Financial Honors Veterans' Service during Closing Bell Ceremony at the New York Stock Exchange

NEW YORK, Nov. 11, 2011 /PRNewswire via COMTEX/ --

iStar Financial Inc. (NYSE: SFI) will join with a number of veterans to ring the Closing Bell at the New York Stock Exchange ("NYSE") on November 11, 2011 in honor of Veterans Day.

iStar will be joined on the closing bell podium by representatives from No Greater Sacrifice and the Fisher House Foundation, two veteran organizations providing vital services to our nation's military men and women. iStar employees have made donations to both of these organizations to help continue the work they do in support of our veterans.

"We are honored to stand together this day with these important organizations to ring the NYSE closing bell and to inspire others to provide support to past and present troops and their families," said Jay Sugarman, iStar's chairman and chief executive officer. "We are reminded of the many risks and hardships our veterans have faced in serving our country, and humbly offer our appreciation and support."

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About iStar Financial

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.

About No Greater Sacrifice

No Greater Sacrifice (NGS), a nonprofit organization created in February 2008, is dedicated to the children of our nation's fallen and wounded Service members by delivering scholarships and resources to improve their quality of life through the pursuit of higher education. NGS has more than $2.8 million in donations and 27 recipients who now have post-high school education funded. For more information on NGS visit, www.nogreatersacrifice.org.

About Fisher House Foundation

Fisher House Foundation is best known for the network of 54 comfort homes on the grounds of major military and VA medical centers. The houses are 5,000 to 16,500 square foot homes, with as many as 21 suites, donated to the military and Department of Veterans Affairs by the Fisher House Foundation. The Foundation provides support to families of patients receiving care at the nearby medical center and has ensured that families of service men and women wounded in Iraq or Afghanistan are not burdened with unnecessary expense during a time of crisis.

Located in close proximity to the medical center or hospital it serves, each Fisher House consists of between 8 and 21 suites, with private bedrooms and baths. Families share a common kitchen, laundry facilities, spacious dining room and an inviting living room with a library and toys for children. There is no fee to stay at a Fisher House. Fisher House Foundation pays any fees charged by the military. Since inception, the program has saved military and veteran families an estimated $165 million in out of pocket costs for lodging and transportation.

Fisher House Foundation operates the Hero Miles Program allowing donated frequent flyer miles to be used to bring family members to the bedside of injured service members. To date Hero Miles has issued over 25,000 airline tickets to our military and their families. The Foundation also offers a grant program that supports other military charities and a scholarship fund for military children, disabled veterans and children of the fallen, as well as military spouses.

SOURCE iStar Financial Inc.

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