NEW YORK, Dec. 21, 2015 /PRNewswire/ -- iStar (NYSE: STAR) announced today that its Board of Directors approved a new $50 million stock repurchase program. The Company has used substantially all of the availability under its previous $50 million stock repurchase program over the past three months.
The Company may repurchase its common stock from time to time in the open market, through privately negotiated transactions and through one or more trading plans.
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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 the Company's website at www.istar.com.
SOURCE iStar Inc.