iStar Financial Declares Preferred Stock Dividends

              iStar Financial Declares Preferred Stock Dividends

PR Newswire

NEW YORK, Aug. 15, 2014

NEW YORK, Aug.15, 2014 /PRNewswire/ --iStar Financial Inc. (NYSE: STAR)
announced today that the Company's Board of Directors has declared dividends
on the Company's Series D, Series E, Series F, Series G, Series I and Series J
Preferred Stock. For all six series of Preferred Stock, dividends are payable
on September 15, 2014 to holders of record on September 2, 2014.

Series of Preferred Stock       Liquidation Dividend
                                Preference  Per Share
8.00% Series D Preferred Stock  $25.00      $0.50
7.875% Series E Preferred Stock $25.00      $0.492188
7.80% Series F Preferred Stock  $25.00      $0.4875
7.65% Series G Preferred Stock  $25.00      $0.478125
7.50% Series I Preferred Stock  $25.00      $0.46875
4.50% Series J Preferred Stock  $50.00      $0.5625

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iStar Financial Inc. (NYSE: STAR) 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

iStar Financial Inc.

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SOURCE iStar Financial Inc.

Contact: David M. DiStaso, Chief Financial Officer, or Jason Fooks, Investor
Relations, iStar Financial Inc., (212) 930-9400,
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