Added to YB: 2024-10-31
Pitch date: 2024-10-28
STHO [bullish]
Star Holdings
-13.9%
current return
Author Info
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Company Info
Star Holdings engages in the non-ground lease related commercial real estate businesses in the United States.
Market Cap
$162.5M
Pitch Price
$13.02
Price Target
N/A
Dividend
N/A
Sector
Real Estate Management and Development
Category
special_situation
Star Holdings: Sugarman, Won't You Hurry?
STHO: Liquidating iStar assets at 60% NAV discount. Safehold stake, Magnolia Green development, Asbury Park waterfront. Undisclosed progress in property records. 40% IRR potential if original 4-year timeline met. Risks: real estate market, community opposition, opaque governance. Liquidation may extend beyond 1Q27.
Read full article (11 min)