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07/16/2001

iStar Financial to Announce Second Quarter Earnings on July 23

NEW YORK, July 16 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI), the leading publicly-traded finance company focused on the commercial real estate industry, today announced that it will host a second quarter earnings conference call at 11:00 a.m. Eastern time on Monday, July 23, 2001. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial's Web site, www.istarfinancial.com, under the "investor relations" section. To listen to the live call, please go to the Web site's "investor relations" section at least 15 minutes prior to the start of the call to register, download and install any necessary audio software. For those who are not available to listen to the live broadcast, a replay will be available shortly after the call on the iStar Financial Web site. The replay will be archived for 30 days.

iStar Financial is the leading publicly traded finance company focused on the commercial real estate industry. The Company provides structured financing to private and corporate owners of real estate nationwide, including senior and junior mortgage debt, corporate mezzanine and subordinated capital, and corporate net lease financing. The Company, which is taxed as a real estate investment trust, seeks to deliver superior risk-adjusted returns on equity to shareholders by providing innovative and value-added financing solutions to its customers. Additional information on iStar Financial is available on the Company's Web site at www.istarfinancial.com.

SOURCE iStar Financial Inc.

CONTACT: Spencer B. Haber, President and Chief Financial Officer, or Lianne A. Merchant, Vice President, Investor Relations, or Erin C. Hart, Associate, Investor Relations, all of iStar Financial Inc., +1-212-930-9400/

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