NEW YORK, Nov. 16, 2016 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it will be added as a constituent to the MSCI US REIT Index (RMZ), effective at the close of market on November 30, 2016.
"We are pleased to now be represented in the RMZ as a diversified REIT," said Jay Sugarman, iStar's chairman and chief executive officer. "Our inclusion in one of the most widely followed REIT indices will make our unique investment platform more visible and allow us to reach a broader pool of potential investors."
The RMZ is comprised of 156 companies with a combined market capitalization of over $800 billion and has been a leading REIT index since 1994.
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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 its website at www.istar.com.