Executive Management

Jay Sugarman, Chairman and Chief Executive Officer

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Jay Sugarman has served as chairman and chief executive of our manager since October 2016, and has served as a director of iStar since 1996 and its chief executive officer since 1997. Prior to forming iStar and its predecessors, Mr. Sugarman managed private investment funds on behalf of the Burden family (a branch of the Vanderbilt family) and the Ziff family. Mr. Sugarman received his undergraduate degree summa cum laude from Princeton University, where he was nominated for valedictorian and received the Paul Volcker Award in Economics, and his M.B.A. with high distinction from Harvard Business School, graduating as a Baker Scholar and recipient of the school’s academic prizes for both finance and marketing.

Nina B. Matis, Vice Chairman and Chief Legal Officer

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Nina B. Matis currently serves as our manager's Vice Chairman and Chief Legal Officer. Ms. Matis assumed her current position in 2018 after formerly serving as Chief Investment Officer in addition to her role as Chief Legal Officer. Previously, she served as iStar’s Executive Vice President since 1999 and as General Counsel of iStar (and its predecessor) since 1996. She serves as a member of iStar’s Senior Management Investment Committee, which has authority to approve any of iStar’s investments in an amount greater than $25 million and up to and including $60 million. Ms. Matis previously served as a partner in the law firm of Katten Muchin Rosenman LLP, one of iStar’s principal outside law firms, and was an inactive special capital partner of the firm until her withdrawal from this position during 2010. From 1984 through 1987, Ms. Matis was an adjunct professor at Northwestern University School of Law where she taught real estate transactions. Ms. Matis previously served as a director of New Plan Excel Realty Trust, Inc. She is a director of Signature Theater Company, Thomas Cole House, a National Historic Landmark that includes the home and the studio of painter Thomas Cole, and National Partnership for Women & Families and WIN (Women in Need), both of which are nonprofit, nonpartisan 501(c)(3) organizations. Ms. Matis received a B.A. degree, with honors, from Smith College and a J.D. degree from New York University School of Law.

Marcos Alvarado, President & Chief Investment Officer

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Marcos Alvarado currently serves as our manager's President & Chief Investment Officer, responsible for overseeing originations and driving growth across the company’s diversified $5 billion investment portfolio. Throughout his career, Mr. Alvarado has closed more than $25 billion of investments across all parts of the capital structure. He was previously Head of Acquisitions & Business Operations for Cadre, a technology-enabled real estate investment platform, and a Managing Director at Starwood Capital. Prior to Starwood Capital, Mr. Alvarado served as Vice President in Lehman Brothers’ Global Real Estate Group. He started his career in Morgan Stanley’s CMBS group. Mr. Alvarado holds a BA from Dartmouth College.

Andrew Richardson, President of Land & Development & Chief Financial Officer

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Andrew Richardson currently serves as our manager’s President of Land & Development and Chief Financial Officer. Mr. Richardson has significant public company experience in the real estate finance and land development sectors. He most recently served as CFO of The Howard Hughes Corporation (NYSE: HHC), one of the largest land development companies in the United States, and previously served as CFO of NorthStar Realty Finance Corp., an NYSE-listed real estate finance company. Prior to NorthStar, Mr. Richardson served as an Executive Vice President and Head of Capital Markets at iStar.