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iStar Financial to Participate at the NAREIT Institutional Investor Forum

NEW YORK, May 31, 2005 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc. (NYSE: SFI), the leading publicly traded finance company focused on the commercial real estate industry, will present at the National Association of Real Estate Investment Trusts Institutional Investor Forum in New York City on Wednesday, June 8, 2005 at 10:15 a.m. EDT.

iStar Financial's presentation will be broadcast live over the Internet and can be accessed through the Company's website at . To listen to the presentation, please go to the website's "investor relations" section at least 15 minutes prior to the start of the broadcast to register and download 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 and mezzanine 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 the highest quality financing solutions to its customers. Additional information on iStar Financial is available on the Company's website at .

SOURCE iStar Financial Inc.

Catherine D. Rice, Chief Financial Officer, or Andrew C. Richardson, Executive Vice President - Capital Markets, or Andrew G. Backman Vice President - Investor Relations, of iStar Financial Inc., +1-212-930-9400

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