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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                             ----------------------

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                             ----------------------

                                 AUGUST 14, 2002
               (DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED))


                              ISTAR FINANCIAL INC.
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)


         MARYLAND                   1-15371                 95-6881527
     (STATE OR OTHER              (COMMISSION              (IRS EMPLOYER
       JURISDICTION               FILE NUMBER)         IDENTIFICATION NUMBER)
    OF INCORPORATION)


     1114 AVENUE OF THE AMERICAS, 27TH FLOOR                   10036
                NEW YORK, NEW YORK                           (ZIP CODE)
     (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)


                                 (212) 930-9400
              (REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)


ITEM 9.     REGULATION FD DISCLOSURE

The Quarterly Report on Form 10-Q for the Quarter ended June 30, 2002 filed
by iStar Financial Inc. on August 14, 2002 was accompanied by certifications
of iStar Financial's Chairman and Chief Executive Officer and its Chief
Financial Officer, as required by 18 U.S.C. Section 1350, as adopted pursuant
to Section 906 of The Sarbanes-Oxley Act of 2002. Copies of the
certifications are furnished as Exhibit 99.1 to this report.

ITEM 7      EXHIBITS

      99.1  Certifications of Chairman and Chief Executive Officer and Chief
            Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted
            pursuant to Section 906 of The Sarbanes-Oxley Act of 2002, together
            with Securities and Exchange Commission transmittal letter.


                                     Page 2



                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the Registrant has duly caused this Report to be signed on its behalf by the
undersigned, thereunto duly authorized.


                                    iSTAR FINANCIAL INC.


Date: August 14, 2002         By:   /s/ JAY SUGARMAN
                                    --------------------
                                    Jay Sugarman
                                    Chairman and Chief Executive Officer


Date: August 14, 2002         By:   /s/ SPENCER B. HABER
                                    --------------------
                                    Spencer B. Haber
                                    President and Chief Financial Officer


                                     Page 3



                                                                    EXHIBIT 99.1


                    CERTIFICATION OF CHIEF EXECUTIVE OFFICER
              PURSUANT TO SS.906 OF THE SARBANES-OXLEY ACT OF 2002


The undersigned, the Chairman and Chief Executive Officer of iStar Financial
Inc. (the "Company"), hereby certifies on the date hereof, pursuant to 18 U.S.C.
1350(a), as adopted pursuant to ss.906 of The Sarbanes-Oxley Act of 2002, that
the Quarterly Report on Form 10-Q for the quarter ended June 30, 2002 (the "Form
10-Q"), filed concurrently herewith by the Company, fully complies with the
requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934,
as amended, and that the information contained in the Form 10-Q fairly presents,
in all material respects, the financial condition and results of operations of
the Company.


By:    /s/ JAY SUGARMAN
       --------------------------------------------

       Name: Jay Sugarman
       Title:  Chairman and Chief Executive Officer


                                      Ex-1


                    CERTIFICATION OF CHIEF FINANCIAL OFFICER
              PURSUANT TO SS.906 OF THE SARBANES-OXLEY ACT OF 2002


The undersigned, the Chief Financial Officer of iStar Financial
Inc. (the "Company"), hereby certifies on the date hereof, pursuant to 18 U.S.C.
1350(a), as adopted pursuant to ss.906 of The Sarbanes-Oxley Act of 2002, that
the Quarterly Report on Form 10-Q for the quarter ended June 30, 2002 (the "Form
10-Q"), filed concurrently herewith by the Company, fully complies with the
requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934,
as amended, and that the information contained in the Form 10-Q fairly presents,
in all material respects, the financial condition and results of operations of
the Company.


By:    /s/ SPENCER B. HABER
       --------------------------------------------
       Name: Spencer B. Haber
       Title: Chief Financial Officer


                                      Ex-2




August 14, 2002

U.S. Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549


Re:      iStar Financial Inc. (File No. 1-15371)

Ladies and Gentlemen:

We enclose for filing the Quarterly Report on Form 10-Q of iStar Financial
Inc. for the quarter ended June 30, 2002. Also accompanying this filing are
the certifications of iStar Financial's Chairman and Chief Executive Officer
and its Chief Financial Officer pursuant to ss.906 of The Sarbanes-Oxley Act
of 2002. These certifications are being furnished solely for purposes of
complying with ss.906 of The Sarbanes-Oxley Act, and on the understanding
that they are subject to the specific knowledge standards contained in ss.906.

If you have any questions, please contact me at 212-878-8526.

Very truly yours,


/s/ KATHLEEN L. WERNER
    ------------------
    Kathleen L. Werner

encls.