<- Go home

Added to YB: 2024-10-31

Pitch date: 2024-10-28

STHO [bullish]

Star Holdings

-40.25%

current return

Author Info

Company Info

Star Holdings engages in the non-ground lease real estate assets business in the United States. Its portfolio comprises Asbury Park Waterfront and Magnolia Green residential development projects.

Market Cap

$105.8M

Pitch Price

$13.02

Price Target

N/A

Dividend

N/A

Sector

Real Estate Management and Development

Category

special_situation

Show full summary:
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)