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National  + Net Lease  |  July 7, 2021
Paul Bubny
By: Paul Bubny

iStar Explores Sale of Its Net Lease Portfolio

iStar Inc. said Tuesday that it intends to explore market interest for possible sales of its net lease assets. The New York City-based company has engaged Eastdil Secured as an advisor for this process. 

The company said there can be no assurance as to whether iStar will sell some, all or none of its net lease assets, or as to the timing and terms of any sales. 

iStar’s net lease portfolio includes assets that it owns directly and through joint ventures. The aggregate portfolio comprises 19 million square feet of institutional quality office, entertainment, and industrial properties located throughout the country.

Pictured: Domain Tower in Austin, part of the the iStar portfolio.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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