QUANTUMONLINE.COM SECURITY DESCRIPTION:  iStar, Inc., 6.00% Senior Notes due 4/1/2022, issued in $1000 denominations, redeemable at the issuer's option on or after 4/1/2019 @ 103%, on or after 4/20/2020 @ 101.5%, and on or after 4/1/2021 @ 100% per note plus accrued and unpaid interest, and maturing 4/1/2022. Interest distributions of 6.00% per annum ($60.00 per annum or $30.00 per Semi-annually) will be paid Semi-annually on 4/1 & 10/1 to holders of record on the record date that will be 3/15 & 9/15 respectively (NOTE: the ex-dividend date is one business day prior to the record date). If a Change of Control Triggering Event occurs, each holder will have the right to require that the company purchase all or a portion of such holder’s Notes at a purchase price equal to 101% of the principal amount of such notes plus accrued and unpaid interest. Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. This security was rated as B2 by Moody’s at the date of its IPO. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
	6.00% $60.00	$1,000.00 $1,000.00	4/01/2021 4/01/2022	WR NF 1/17/2022	4/1 & 10/1 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

Notes:  Dec. 13, 2019 -- iStar Inc. (NYSE: STAR) ("iStar" or the "Company") announced today that its previously announced cash tender offer (the "Tender Offer") for any and all of its outstanding 6.00% Senior Notes due 2022 (CUSIP No. 45031U BZ3) (the "2022 Notes") expired at 5:00 p.m.New York City time, on December 12, 2019 (the "Expiration Time"). As of the Expiration Time, $263,068,000 aggregate principal amount of the 2022 Notes, or 70.15% of the aggregate principal amount outstanding, were validly tendered and not validly withdrawn at or prior to the Expiration Time. These amounts exclude $1,452,000 aggregate principal amount of the 2022 Notes tendered pursuant to the guaranteed delivery procedures described in the Offer to Purchase, dated December 6, 2019 (the "Offer to Purchase"), which must be delivered by 5:00 p.m.New York City time, on December 16, 2019. All 2022 Notes purchased on the Payment Date will subsequently be retired and cancelled. The Company intends to redeem any outstanding 2022 Notes that are not tendered in the Tender Offer upon the terms and conditions set forth in the indenture governing the 2022 Notes. _____________ The 6.00% notes were issued on 3/10/2017 but are not yet trading on the stock markets. They have been assigned the temporary ticker symbol TEMP45 by QuantumOnline until the unlikely event that they start trading on the NYSE or on the Other OTC market and their ticker symbol is known. The most likely situation is that the securities are trading as a bond via the NYSE's bond market under its CUSIP number. ____________ The Notes will not be listed on any securities exchange or included in any quotation system.

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HOME PAGE:     https://www.istar.com/
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Email Address

investors@istar.com

Address and Phone Numbers

Address:   1114 Avenue of the Americas, 39th Floor, New York, NY 10036
Main Phone Number	212-930-9400
Fax Number	212-930-9494
Investor Relations   Jason Fooks	888-335-3122
Toll Free Phone Number	888-335-3122

CEO - Jay Sugarman

CFO - Jeremy Fox-Geen