Where Will iStar Be in 5 Years?
The health of the commercial real estate market continues to be a major concern as many business and real estate investment trusts (REITs) struggle to survive while the coronavirus pandemic lingers on. This volatile market makes it tough to decipher how iStar (NYSE: STAR), a unique hybrid mortgage and equity REIT, is faring. The company, which has been slowly transitioning its business model from less real estate mezzanine debt to operating more ground leases, net leases, and real property, means its future could look very different from where it stands today.
