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March 1, 2005

By Michelle Napoli

Entering into what iStar Financial Inc. chairman and CEO Jay Sugarman terms the company’s “third phase” of growth, the firm plans to invest more than $1.2 billion in new initiatives this year. One of those initiatives is the AutoStar venture targeting the automotive retail real estate sector; the acquisition of Falcon Financial Investment Trust, announced earlier this year, will help accelerate iStar’s penetration of the sector, says Sugarman.

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