- CEO
- Jay S. Sugarman
- Full Time Employees
- 74
- Sector
- Real Estate
- Industry
- Real Estate - Services
- Address
- 1114 Avenue of the Americas New York City NY United States of America 10036
- IPO Date
- Mar 28, 2023
- Business
- Star Holdings (NASDAQ: STHO), a Maryland statutory trust founded in 2022 and headquartered at 1114 Avenue of the Americas, 39th Floor, New York, New York, engages in non-ground lease real estate assets in the United States. The company focuses on realizing shareholder value through active asset management, sales of existing loans, and operations of land and development properties; its portfolio primarily comprises the Asbury Park Waterfront development, including Asbury Ocean Club Surfside Resort and Residences, The Asbury hotel, and Asbury Lanes, as well as the Magnolia Green master-planned residential community on approximately 1,900 acres entitled for 3,550 single- and multifamily dwelling units plus 193 acres for commercial development; it also holds commercial real estate properties, loans marketed for sale, and shares of Safehold Inc. (NYSE: SAFE). Star Holdings operates in the real estate services sector, targeting development, finance, and operating property segments with 74 employees as of recent reports. Recent developments include a $10 million share repurchase program authorized by the board in March 2025 with purchases such as 0.4 million shares for $3.3 million in Q3 2025; successful extensions of key debt maturities through 2028 and amendments to financing arrangements including a $15.8 million margin loan commitment; net cash proceeds of $4.7 million from a legacy asset legal settlement and $1.7 million in land revenues from selling 12 Magnolia Green lots in Q3 2025, contributing to net income of $1.8 million for the quarter.