NEW YORK, Feb. 27, 2018 /PRNewswire/ -- iStar Inc. (NYSE: STAR) announced that that Marcos Alvarado has joined the firm as Chief Investment Officer. Mr. Alvarado will be a member of the senior executive team, responsible for overseeing originations and driving growth across the company's diversified $5 billion investment portfolio. He will report to Jay Sugarman, Chairman and CEO.
"Marcos brings significant real estate investment experience as well as valuable leadership and perspective to our company as we continue to focus on our creative approach to the market," said Mr. Sugarman. "Marcos will play a central role in helping the Company identify opportunities and grow our core business."
Throughout his career, Mr. Alvarado has closed more than $25 billion of investments across all parts of the capital structure. He was previously Head of Acquisitions & Business Operations for Cadre, a technology-enabled real estate investment platform, and a Managing Director at Starwood Capital. Prior to Starwood Capital, Mr. Alvarado served as Vice President in Lehman Brothers' Global Real Estate Group. He started his career in Morgan Stanley's CMBS group. Mr. Alvarado holds a BA from Dartmouth College.
"I have a tremendous amount of respect and admiration for the way iStar does business after sitting across the table on multiple occasions," said Mr. Alvarado. "I am proud to join this seasoned team and firmly believe we are positioned to capitalize on the Company's foundation with potential for explosive growth over the months and years to come."
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iStar (NYSE: STAR) finances, invests in and develops real estate and real estate related projects as part of its fully-integrated investment platform. Building on over two decades of experience and more than $35 billion of transactions, iStar brings uncommon capabilities and new ways of thinking to commercial real estate and adapts its investment strategy to changing market conditions. The Company is structured as a real estate investment trust ("REIT"), with a diversified portfolio focused on larger assets located in major metropolitan markets. Additional information on iStar is available on its website at www.istar.com.
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Company Contacts: Jason Fooks, Vice President of Investor Relations & Marketing, T 212.930.9400, firstname.lastname@example.org