NEW YORK, March 11, 2019 /PRNewswire/ -- iStar Inc.
(NYSE: STAR) announced the appointment of Douglas Heitner as Chief Legal Officer and the
retirement of Vice Chairman and Chief Legal Officer, Nina Matis. Mr. Heitner joins the iStar
executive team effective March 11,
2019 and Ms. Matis will remain on the executive team as Vice
Chairman until July to oversee a smooth transition. Mr. Heitner
will report to Jay Sugarman,
Chairman and Chief Executive Officer.
"In addition to being an exceptionally talented executive, Nina
has been a wonderful colleague and mentor over her 20+ year career
here," said Mr. Sugarman. "Her impressive work ethic and deep
commitment to iStar have set a lasting example for everyone in the
company."
"I am grateful for the opportunity to have helped develop
iStar's unique and innovative businesses over the years and will
miss the many talented colleagues and friends I've made along the
way," said Ms. Matis. "I know that Doug will be an excellent member
of the executive team to help push our ground lease platform
forward, and I look forward to watching the Company's growth."
Prior to joining iStar, Doug
Heitner was a partner in Kasowitz Benson Torres' Real Estate
Transactions group, where he represented the nation's leading real
estate companies in a wide range of real estate matters. Before
this, Mr. Heitner was an associate in Skadden, Arps, Slate, Meagher
& Flom LLP's real estate group. He received his J.D. from
New York University School of Law and a
B.A. from Dartmouth College.
"Nina is a first ballot hall of famer in our business and it is
an honor to have the opportunity to build on her legacy and
success," said Mr. Heitner. "I am excited to join a company with
such a tremendous growth opportunity and am eager to help execute
across all of iStar's strategic initiatives."
* *
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iStar (NYSE: STAR) is focused on reinventing the ground
lease sector, unlocking value for real estate owners throughout the
country by providing modern, more efficient ground leases on all
types of properties. As the founder, investment manager and largest
shareholder of Safehold Inc. (NYSE:SAFE), the first publicly traded
company to focus on modern ground leases, iStar is helping
create a logical new approach to the way real estate is
owned, and continues to use its historic strengths in finance and
net lease to expand this unique platform. Recognized as a
consistent innovator in the real estate markets, iStar specializes
in identifying and scaling newly discovered opportunities and has
completed more than $40 billion of
transactions over the past two decades. Additional information on
iStar is available on its website at www.istar.com.
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SOURCE iStar