iStar Financial buys back $37.76 million of notes in fourth quarter

By Ashley Montgomery

Kansas City, Kan., Feb. 28 - iStar Financial Inc. repurchased $37.6 million of its senior notes in the fourth quarter of 2011, the company said in a filing with the Securities and Exchange Commission.

The company's net leverage was 2.7 times at Dec. 31, compared with 2.8 times at the end of the prior quarter.

iStar is a New York-based finance company focused on the commercial real estate industry.

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