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05/09/2003

iStar Financial to Present at the Goldman Sachs Financial Services Conference on May 13, 2003

NEW YORK, May 9, 2003 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc. (NYSE: SFI) will present at the Goldman Sachs Financial Services Conference in New York City on May 13, 2003 at 3:00 p.m. ET. iStar Financial's presentation will be broadcast live over the Internet and can be accessed by all interested parties through the Company's website, www.istarfinancial.com. To listen to the presentation, please go to the website'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 following the presentation on the iStar Financial website.

iStar Financial is the leading publicly traded finance company focused on the commercial real estate industry. The Company provides custom-tailored financing to high-end private and corporate owners of real estate nationwide, including senior and junior mortgage debt, senior, mezzanine and subordinated corporate capital, and corporate net lease financing. The Company, which is taxed as a real estate investment trust, seeks to deliver a strong dividend and 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 website at www.istarfinancial.com.

SOURCE iStar Financial Inc.

Catherine D. Rice, Chief Financial Officer, Andrew C.
Richardson, Executive Vice President, or Erin C. Gatewood, Associate, Investor
Relations, all of iStar Financial Inc., +1-212-930-9400
http://www.istarfinancial.com
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