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Carlyle To Acquire iStar Net Lease Properties for $3.07 Billion

Deal Reunites Real Estate Investment Team That Helped Build Portfolio
IStar’s net lease portfolio of more than 18 million square feet includes C&S Wholesale Grocers’ more than 836,000-square-foot distribution center in Plant City, Florida. (Stephen Flint/CoStar)
IStar’s net lease portfolio of more than 18 million square feet includes C&S Wholesale Grocers’ more than 836,000-square-foot distribution center in Plant City, Florida. (Stephen Flint/CoStar)
CoStar News
February 2, 2022 | 3:14 P.M.

An affiliate of private equity firm Carlyle Group agreed to buy a portfolio of iStar’s owned and managed net lease office, entertainment and industrial properties for $3.07 billion in the latest move by Carlyle in accumulating real estate.

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