SAN FRANCISCO-IStar Financial Inc. announced yesterday the hiring of Diane Olmstead as executive vice president of investments. Olmstead joins the San Francisco team from, where she served in a similar capacity. In her new position with iStar, Olmstead will focus on investment origination in the western United States.

Prior to her stint at, Olmstead was a partner at Arthur Anderson. While there, she executed private equity and debt placements, REIT IPO advising, and M&A transactions. Her experience has also included loan production, asset management and property acquisitions.

IStar is a publicly-traded company focused on financing for the commercial real estate industry. At the end of 1999, the company held a $4 billion portfolio of loans and net leases across the United States.

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