iStar Inc. (NYSE:STAR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective on January 2, 2017, Professor John G. McDonald, the Stanford Investors Professor of Finance in the Graduate School of Business at Stanford University, retired from iStar’s board of directors. Professor McDonald’s retirement from the iStar board had been previously announced by the company in connection with its 2016 annual meeting, and was not the result of any disagreement with the company. Professor McDonald will remain a full-time endowed professor of finance in the Stanford Graduate School of Business.
About iStar Inc. (NYSE:STAR)
iStar Inc., formerly iStar Financial Inc., finances, invests in and develops real estate and real estate related projects as part of its integrated investment platform. The Company’s business segments include Real Estate Finance, Net Lease, Operating Properties, and Land and Development. The real estate finance portfolio consists of senior and mezzanine real estate loans that may be either fixed-rate or variable-rate. The net lease portfolio consists of properties owned by the Company and leased to single tenants, where the properties are subject to long-term leases. The operating properties portfolio consists of commercial and residential properties, which represent a pool of assets across geographies and property types. The land and development portfolio consists of land entitled for master planned communities, as well as waterfront and urban infill land parcels located throughout the United States. iStar Inc. (NYSE:STAR) Recent Trading Information
iStar Inc. (NYSE:STAR) closed its last trading session down -0.25 at 12.27 with 325,716 shares trading hands.