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Asset Base Characterestics
Portfolio Overview | Financing Structure | Collateral Type | Geographic Region
Asset Base Characterestics | Repeat Customers vs Total Volume
| iStar's asset base had the following characteristics as of June 30, 2006: |
| Asset Base characteristics ($ in millions) |
|
|
| |
Loans |
Leases |
| Gross carrying value |
$5,388 |
$3,490 |
| Total financing commitments |
$7,301 |
3,541 |
| Number of investments |
176 |
119 |
| Number of underlying properties |
10,104 |
392 |
| Average asset size per investment |
$30.6 |
$29.3 |
| Weighted average maturity/lease term |
4.1 years |
10.6 |
| Average first dollar loan-to-value |
13.6% |
Not applicable |
| Average last dollar loan-to-value |
64.1% |
Not applicable |
| Percentage investment grade credits |
Not applicable |
35 |
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First mortgages, participation in first mortgages, senior loans and corporate tenant lease assets together comprise approximately 88.2% of iStar’s asset base. “First dollar” and “last dollar” loan-to-value ratios represent the average beginning points and ending points on the aggregate capitalization of the underlying assets or companies that iStar finances.
In addition to having a balanced mix between loans and corporate tenant leases, iStar has broad diversity across asset type, industry, year of origination, obligor, geography and property type. The pie charts below depict the diversification of iStar’s $9.1 billion asset base as of June 30, 2006. |
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