iStar Financial Declares Preferred Stock Dividends

              iStar Financial Declares Preferred Stock Dividends

PR Newswire

NEW YORK, Feb. 15, 2013

NEW YORK, Feb. 15, 2013 /PRNewswire/ --iStar Financial Inc. (NYSE: SFI)
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 March 15, 2013 to holders of record on March 1, 2013.

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. (NYSE: SFI) is a fully-integrated finance and investment
company focused on the commercial real estate industry. The Company provides
custom-tailored investment capital to high-end private and corporate owners of
real estate and invests directly across a range of real estate sectors. The
Company, which is taxed as a real estate investment trust ("REIT"), has
invested more than $35 billion over the past two decades. Additional
information on iStar Financial is available on the Company's website at
www.istarfinancial.com.

SOURCE iStar Financial Inc.

Website: http://www.istarfinancial.com
Contact: David M. DiStaso, Chief Financial Officer, or Jason Fooks, Investor
Relations, +1-212-930-9400, investors@istarfinancial.com