iStar hires new COO/CFO to lead strategy


Today real estate investment trust, iStar, announced the hiring of Geoffrey Jervis as both chief operating officer and chief financial officer.

“I am delighted to welcome Geoffrey Jervis to iStar where his combined role will be instrumental to the success of the new iStar 3.0 strategy,” said Jay Sugarman, iStar chairman and chief executive officer. “Geoff’s ability to lead multiple day-to-day functions in a dynamic business will help unlock the potential of our adaptive REIT strategy.”

Jervis will start on June 15, and brings extensive experience in corporate and real estate finance, strategic planning, risk and operations management and public REIT accounting.

“This is a very exciting time to join iStar,” Jervis said. “iStar has announced a new vision for generating attractive risk-adjusted returns from its platform, and I look forward to being a part of that vision.”

Previously, David DiStaso held the CFO position since 2010, and was the chief accounting officer before that. He will now remain on staff as a senior advisor until December 31, 2016 in order to assist with the transition.

“Dave’s deep commitment to iStar has been important to everything we achieved during his tenure as CFO,” Sugarman said. “We appreciate all he has done to help chart the company’s path to this point.”

Most recently, Jervis served as CFO of STAG Industrial. Before that he worked at Blackstone Mortgage Trust and its predecessor Capital Trust as the company’s CFO. 

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