Starwood Property (STWD) to Acquire LNR Property in $1.05B Deal

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iStar (SFI) to Sell 24% Interest in LNR Property LLC; Will Net $220M

January 24, 2013 8:47 AM EST

iStar Financial Inc. (NYSE: SFI) announced today that the owners of LNR Property LLC ("LNR"), including iStar, have signed a definitive agreement to sell LNR for a total purchase price of $1.05 billion. iStar's 24% ownership interest in LNR is expected to generate $220 million in net... More