iStar Nominates Richard Lieb to Join Board of Directors

NEW YORK, April 9, 2019 /PRNewswire/ -- iStar Inc. (NYSE: STAR) announced today that its Board of Directors has nominated Richard Lieb for election as a Director at its 2019 Annual Meeting of Shareholders on May 16. All current Directors will stand for re-election with the exception of Dale Anne Reiss, a Director since 2008, who has decided not to stand for re-election and will continue to serve as Director until May 16, 2019.

"I am excited to announce the selection of Richard Lieb to serve on our Board. He is an accomplished strategic advisor in the real estate industry and his Board experience will be an invaluable addition to iStar," said Jay Sugarman, Chairman and Chief Executive Officer. "I am deeply grateful to Dale, who has served on the Board for over 10 years, and who has contributed significantly to our strategic repositioning and by chairing our audit committee during that time."

Mr. Lieb serves as a Senior Advisor of Greenhill & Co., LLC, a publicly-traded investment bank. Prior to that he served as a Managing Director and Chairman of Real Estate at Greenhill. Prior to joining Greenhill in 2005 he spent more than 20 years with Goldman Sachs, where he headed its Real Estate Investment Banking Department from 2000-2005. Mr. Lieb has nearly 35 years of experience focusing on advisory opportunities in the real estate industry and currently serves on the Board of Directors for several other publicly-traded real estate companies. Mr. Lieb received his MBA from Harvard Business School and his BA from Wesleyan University.

For more information please review iStar's proxy statement available on its website, www.istar.com, in the "Investors" section.

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iStar (NYSE: STAR) is focused on reinventing the ground lease sector, unlocking value for real estate owners throughout the country by providing modern, more efficient ground leases on all types of properties. As the founder, investment manager and largest shareholder of Safehold Inc. (NYSE: SAFE), the first publicly traded company to focus on modern ground leases, iStar is helping create a logical new approach to the way real estate is owned, and continues to use its historic strengths in finance and net lease to expand this unique platform. Recognized as a consistent innovator in the real estate markets, iStar specializes in identifying and scaling newly discovered opportunities and has completed more than $40 billion of transactions over the past two decades. Additional information on iStar is available on its website at www.istar.com.

SOURCE iStar

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