iStar Financial Inc. Appoints Daniel S. Abrams Executive Vice

                       President - Investments  
  NEW YORK, Nov. 30 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) today 
announced the appointment of Daniel S. Abrams to the position of Executive 
Vice President - Investments.  Mr. Abrams joins iStar Financial's New York 
team and will focus on originating new structured finance investments.  "Dan's 
combination of financial and real estate expertise, significant industry 
contacts and high level of integrity make him a valuable addition to the iStar 
team," commented Jay Sugarman, iStar Financial's Chairman and Chief Executive 
Mr. Abrams brings to iStar Financial over two decades of experience in the 
real estate finance business.  Before joining iStar Financial, Mr. Abrams was 
a founding principal of Citadel Realty Group, a boutique investment bank 
focusing on real estate, and a managing director at Donaldson, Lufkin & 
Jenrette.  Prior to DLJ, he served as a managing director with Nomura Asset 
Capital Corporation as well as a partner at Rosenman & Colin, a major New York 
City law firm.  He received an L.L.M. in Taxation from the New York University 
School of Law; a J.D. from the National Law Center of the George Washington 
University, where he was editor-in-chief of the Law Review; and a B.S. in 
Economics from the Wharton School.  
iStar Financial is the largest publicly traded finance company focused 
exclusively on the commercial real estate industry.  The Company provides 
structured financing to private and corporate owners of real estate 
nationwide, including senior and junior mortgage debt, corporate mezzanine and 
subordinated capital, and corporate net lease financing.  The Company, which 
is taxed as a real estate investment trust, seeks to deliver 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 Web site at  
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SOURCE  iStar Financial Inc.  
-0-                             11/30/2001  
/CONTACT:  Spencer B. Haber, Executive Vice President and CFO, or Andrew 
C. Richardson, Senior Vice President, Capital Markets, or Erin C. Hart, 
Associate, Investor Relations, all of iStar Financial Inc., +1-212-930-9400/  
/Web site:  
CO:  iStar Financial Inc. 
ST:  New York 
SU:  PER  
-0- Nov/30/2001 12:30 GMT
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