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IStar Puts 19 Million-Square-Foot Net-Lease Portfolio in Play

Eastdil Secured Tapped To Explore Market Interest From Investors

IStar, in a joint venture with an unidentified sovereign wealth fund, owns the AT&T campus in Oakton, Virginia, which is net leased to the telecommunications giant through 2025. (CoStar)
IStar, in a joint venture with an unidentified sovereign wealth fund, owns the AT&T campus in Oakton, Virginia, which is net leased to the telecommunications giant through 2025. (CoStar)

Commercial real estate company iStar intends to explore market interest for possible sales of its net-lease assets at a time when such properties are hot and the supply is limited. Net-lease investments are viewed as safe bets because owners are not responsible for certain extra costs including taxes, insurance and maintenance.

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