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11/28/2006

iStar Financial to Host Inaugural Investor Day on December 6, 2006

NEW YORK, Nov. 28 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE: SFI), the leading publicly traded finance company focused on the commercial real estate industry, will host its inaugural Investor Day in New York City on Wednesday, December 6, 2006.

The event will feature presentations by the iStar executive team, as well as a moderated panel discussion. Management presentations are scheduled to begin at 1:00 p.m. EST and run through 5:00 p.m. EST.

The event will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial's website, www.istarfinancial.com, in the "Investor Relations" section. To listen in live, please go to the company's "Investor Relations" section of the website at least 15 minutes prior to the start of the presentation to register and download any necessary audio software. For those who are not able to listen to the live broadcast, an audio and video replay will be available shortly after the conclusion of the event on iStar Financial's website.

iStar Financial Inc. is the leading publicly traded finance company focused on the commercial real estate industry. The Company primarily provides custom tailored financing to high end private and corporate owners of real estate, including senior and mezzanine real estate debt, senior and mezzanine corporate capital, corporate net lease financing and equity. The Company, which is taxed as a real estate investment trust ("REIT"), seeks to deliver strong dividends 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 http://www.istarfinancial.com.

SOURCE iStar Financial Inc.
CONTACT: Catherine D. Rice, Chief Financial Officer, or Andrew G. Backman, Vice President - Investor Relations, both of iStar Financial Inc., +1-212-930-9400
Web site: http://www.istarfinancial.com

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