iStar Financial to Present at Salomon Smith Barney's Financial Services Conference on January 29, 2003

January 22, 2003 at 7:37 AM EST

NEW YORK, Jan. 22 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE: SFI) today announced that its management team will be presenting at Salomon Smith Barney's Financial Services Conference at the New York Plaza Hotel at 10:45 a.m. Eastern time on Wednesday, January 29, 2003. This presentation will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial's Web site, http://www.istarfinancial.com, under the "investor relations" section. To listen to the presentation, please go to the Web site's "investor relations" section at least 15 minutes prior to the start of the call to register, and to 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 http://www.istarfinancial.com. SOURCE iStar Financial Inc.

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