Real Estate Central

NEW YORK, May 15 /PRNewswire-FirstCall/ — iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial
real estate industry, announced today that the Company’s Board of Directors
has declared dividends on the Company’s Series D, Series E, Series F,
Series G, and Series I Preferred Stock. For all five series of Preferred
Stock, dividends are payable on June 13, 2008 to holders of record on May
30, 2008.

A dividend of $0.50 per share will be paid on the 8.00% Series D
Preferred Stock; a dividend of $0.492188 per share will be paid on the
7.875% Series E Preferred Stock; a dividend of $0.4875 per share will be
paid on the 7.80% Series F Preferred Stock; a dividend of $0.478125 per
share will be paid on the 7.65% Series G Preferred Stock; and a dividend of
$0.46875 per share will be paid on the 7.50% Series I Preferred Stock.

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iStar Financial Inc. is a leading publicly traded finance company
focused on the commercial real estate industry. The Company primarily
provides custom-tailored investment capital to high-end private and
corporate owners of real estate, including senior and mezzanine real estate
debt, senior and mezzanine corporate capital, as well as 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.



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Source: Real Estate Newswire