ISTAR INC

CUSIP: 45031U101 Class: Common Stock

TEACHERS INSURANCE & ANNUITY ASSOCIATION OF AMERICA's Holding History (CIK: 0000315038)

Note: Option positions (PUT/CALL) are excluded.

Q4 2005
Shares 80,000 Value ($000) $2,852 Avg Close — Range —
Q3 2005
Shares 80,000 Value ($000) $3,234 Avg Close — Range —
Q2 2005
Shares 100,000 Value ($000) $4,159 Avg Close — Range —
Q1 2004
Shares 234,700 Value ($000) $9,928 Avg Close — Range —
Q4 2003
Shares 250,000 Value ($000) $9,725 Avg Close — Range —
Q3 2002
Shares 381,128 Value ($000) $10,641 Avg Close — Range —
Q2 2002
Shares 430,000 Value ($000) $12,255 Avg Close — Range —