NEW YORK, NY – iStar Inc. has completed the previously announced net lease asset portfolio sale to an affiliate of Carlyle's global credit platform for $3.07 billion.
The portfolio comprises 18.3 million square feet of institutional quality office, industrial and entertainment properties situated throughout the US.
In Q1, iStar currently estimates that the sale will generate a positive impact of $570 million to net income allocable to common shareholders, $580 million to common equity and $310 million to adjusted common equity.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
