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SC 13G/A Filing
Safehold SC 13G/AISTAR / EJF Capital ownership change
Filed: 11 Feb 21, 4:55pm
iStar Inc. |
Common Stock, par value $0.001 per share |
45031U101 |
December 31, 2020 |
CUSIP No. 45031U101 | 13G |
1 | NAMES OF REPORTING PERSONS | ||||
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | |||||
EJF Capital LLC | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | ||||
(a)☐ | |||||
(b)☒ | |||||
3 | SEC USE ONLY | ||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||
Delaware | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER | |||
0 | |||||
6 | SHARED VOTING POWER | ||||
799,130 | |||||
7 | SOLE DISPOSITIVE POWER | ||||
0 | |||||
8 | SHARED DISPOSITIVE POWER | ||||
799,130 | |||||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||
799,130 | |||||
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||
☐ | |||||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | ||||
1.1% (1) | |||||
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||
IA | |||||
(1) | Based on 73,976,922 shares of common stock, par value $0.001 per share (“Common Stock”) outstanding as of November 2, 2020, as reflected in the Form 10-Q filed by the Issuer with the U.S. Securities and Exchange Commission (“SEC”) on November 3, 2020. |
CUSIP No. 45031U101 | 13G |
1 | NAMES OF REPORTING PERSONS | ||||
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | |||||
Emanuel J. Friedman | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | ||||
(a)☐ | |||||
(b)☒ | |||||
3 | SEC USE ONLY | ||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||
United States | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER | |||
0 | |||||
6 | SHARED VOTING POWER | ||||
799,130 | |||||
7 | SOLE DISPOSITIVE POWER | ||||
0 | |||||
8 | SHARED DISPOSITIVE POWER | ||||
799,130 | |||||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||
799,130 | |||||
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||
☐ | |||||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | ||||
1.1% (1) | |||||
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||
IN | |||||
(1) | Based on 73,976,922 shares of Common Stock outstanding as of November 2, 2020, as reflected in the Form 10-Q filed by the Issuer with the SEC on November 3, 2020. |
CUSIP No. 45031U101 | 13G |
1 | NAMES OF REPORTING PERSONS | ||||
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | |||||
EJF Debt Opportunities Master Fund, L.P. | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | ||||
(a)☐ | |||||
(b)☒ | |||||
3 | SEC USE ONLY | ||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||
Cayman Islands | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER | |||
0 | |||||
6 | SHARED VOTING POWER | ||||
630,327 | |||||
7 | SOLE DISPOSITIVE POWER | ||||
0 | |||||
8 | SHARED DISPOSITIVE POWER | ||||
630,327 | |||||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||
630,327 | |||||
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||
☐ | |||||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | ||||
0.8% (1) | |||||
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||
PN | |||||
(1) | Based on 73,976,922 shares of Common Stock outstanding as of November 2, 2020, as reflected in the Form 10-Q filed by the Issuer with the SEC on November 3, 2020. |
CUSIP No. 45031U101 | 13G |
1 | NAMES OF REPORTING PERSONS | ||||
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | |||||
EJF Debt Opportunities GP, LLC | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | ||||
(a)☐ | |||||
(b)☒ | |||||
3 | SEC USE ONLY | ||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||
Delaware | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER | |||
0 | |||||
6 | SHARED VOTING POWER | ||||
630,327 | |||||
7 | SOLE DISPOSITIVE POWER | ||||
0 | |||||
8 | SHARED DISPOSITIVE POWER | ||||
630,327 | |||||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||
630,327 | |||||
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||
☐ | |||||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | ||||
0.8% (1) | |||||
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||
OO | |||||
(1) | Based on 73,976,922 shares of Common Stock outstanding as of November 2, 2020, as reflected in the Form 10-Q filed by the Issuer with the SEC on November 3, 2020. |
CUSIP No. 45031U101 | 13G |
1 | NAMES OF REPORTING PERSONS | ||||
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | |||||
EJF Debt Opportunities Master Fund II, LP | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | ||||
(a)☐ | |||||
(b)☒ | |||||
3 | SEC USE ONLY | ||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||
Cayman Islands | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER | |||
0 | |||||
6 | SHARED VOTING POWER | ||||
0 | |||||
7 | SOLE DISPOSITIVE POWER | ||||
0 | |||||
8 | SHARED DISPOSITIVE POWER | ||||
0 | |||||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||
0 | |||||
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||
☐ | |||||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | ||||
0% | |||||
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||
PN | |||||
CUSIP No. 45031U101 | 13G |
1 | NAMES OF REPORTING PERSONS | ||||
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | |||||
EJF Debt Opportunities II GP, LLC | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | ||||
(a)☐ | |||||
(b)☒ | |||||
3 | SEC USE ONLY | ||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||
Delaware | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER | |||
0 | |||||
6 | SHARED VOTING POWER | ||||
0 | |||||
7 | SOLE DISPOSITIVE POWER | ||||
0 | |||||
8 | SHARED DISPOSITIVE POWER | ||||
0 | |||||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||
0 | |||||
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||
☐ | |||||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | ||||
0% | |||||
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||
OO | |||||
CUSIP No. 45031U101 | 13G |
1 | NAMES OF REPORTING PERSONS | ||||
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | |||||
EJF Income Fund, LP | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | ||||
(a)☐ | |||||
(b)☒ | |||||
3 | SEC USE ONLY | ||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||
Delaware | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER | |||
0 | |||||
6 | SHARED VOTING POWER | ||||
0 | |||||
7 | SOLE DISPOSITIVE POWER | ||||
0 | |||||
8 | SHARED DISPOSITIVE POWER | ||||
0 | |||||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||
0 | |||||
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||
☐ | |||||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | ||||
0% | |||||
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||
PN | |||||
CUSIP No. 45031U101 | 13G |
1 | NAMES OF REPORTING PERSONS | ||||
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | |||||
EJF Income GP, LLC | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | ||||
(a)☐ | |||||
(b)☒ | |||||
3 | SEC USE ONLY | ||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||
Delaware | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER | |||
0 | |||||
6 | SHARED VOTING POWER | ||||
0 | |||||
7 | SOLE DISPOSITIVE POWER | ||||
0 | |||||
8 | SHARED DISPOSITIVE POWER | ||||
0 | |||||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||
0 | |||||
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||
☐ | |||||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | ||||
0% | |||||
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||
OO | |||||
CUSIP No. 45031U101 | 13G |
1 | NAMES OF REPORTING PERSONS | ||||
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | |||||
EJF Tactical Opportunities Fund LP | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | ||||
(a)☐ | |||||
(b)☒ | |||||
3 | SEC USE ONLY | ||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||
Cayman Islands | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER | |||
0 | |||||
6 | SHARED VOTING POWER | ||||
54,964 | |||||
7 | SOLE DISPOSITIVE POWER | ||||
0 | |||||
8 | SHARED DISPOSITIVE POWER | ||||
54,964 | |||||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||
54,964 | |||||
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||
☐ | |||||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | ||||
0.1% (1) | |||||
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||
PN | |||||
(1) | Based on 73,976,922 shares of Common Stock outstanding as of November 2, 2020, as reflected in the Form 10-Q filed by the Issuer with the SEC on November 3, 2020. |
CUSIP No. 45031U101 | 13G |
1 | NAMES OF REPORTING PERSONS | ||||
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | |||||
EJF Tactical Opportunities GP LLC | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | ||||
(a)☐ | |||||
(b)☒ | |||||
3 | SEC USE ONLY | ||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||
Delaware | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER | |||
0 | |||||
6 | SHARED VOTING POWER | ||||
54,964 | |||||
7 | SOLE DISPOSITIVE POWER | ||||
0 | |||||
8 | SHARED DISPOSITIVE POWER | ||||
54,964 | |||||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||
54,964 | |||||
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||
☐ | |||||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | ||||
0.1% (1) | |||||
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||
OO | |||||
(1) | Based on 73,976,922 shares of Common Stock outstanding as of November 2, 2020, as reflected in the Form 10-Q filed by the Issuer with the SEC on November 3, 2020. |
Item 1(a). | Name of Issuer: |
Item 1(b). | Address of Issuer’s Principal Executive Offices: |
Item 2(a). | Name of Person Filing: |
(i) | EJF Capital LLC; |
(ii) | Emanuel J. Friedman; |
(iii) | EJF Debt Opportunities Master Fund, L.P. (the “Debt Fund”); |
(iv) | EJF Debt Opportunities GP, LLC; |
(v) | EJF Debt Opportunities Master Fund II, LP (the “Debt Fund II”); |
(vi) | EJF Debt Opportunities II GP, LLC; |
(vii) | EJF Income Fund, LP (the “Income Fund”); |
(viii) | EJF Income GP, LLC; |
(ix) | EJF Tactical Opportunities Fund LP (the “Tactical Fund”); and |
(x) | EJF Tactical Opportunities GP LLC. |
Item 2(b). | Address of Principal Business Office or, if none, Residence: |
Item 2(c). | Citizenship: |
Item 2(d). | Title of Class of Securities: |
Item 2(e). | CUSIP Number: |
Item 3. | If This Statement Is Filed Pursuant to Sections 240.13d-1(b) or 240.13d-2(b) or (c), Check Whether the Person Filing Is a(n): |
Item 4. | Ownership. |
(a) | Amount beneficially owned: | |
See Item 9 of the attached cover pages. | ||
(b) | Percent of class: | |
See Item 11 of the attached cover pages. | ||
(c) | Number of shares as to which such person has: | |
(i) | Sole power to vote or to direct the vote: | |
See Item 5 of the attached cover pages. | ||
(ii) | Shared power to vote or to direct the vote: | |
See Item 6 of the attached cover pages. | ||
(iii) | Sole power to dispose or to direct the disposition: | |
See Item 7 of the attached cover pages. | ||
(iv) | Shared power to dispose or to direct the disposition: | |
See Item 8 of the attached cover pages. |
Item 5. | Ownership of Five Percent or Less of a Class. |
Item 6. | Ownership of More Than Five Percent on Behalf of Another Person. |
Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. |
Item 8. | Identification and Classification of Members of the Group. |
Item 9. | Notice of Dissolution of Group. |
Item 10. | Certification. |
EJF CAPITAL LLC | ||||
By: | /s/ David Bell | |||
Name: | David Bell | |||
Title: | General Counsel |
EMANUEL J. FRIEDMAN | ||||
By: | /s/ Emanuel J. Friedman | |||
Name: | Emanuel J. Friedman | |||
EJF DEBT OPPORTUNITIES MASTER FUND, L.P. | ||||
By: | EJF DEBT OPPORTUNITIES GP, LLC | |||
Its: | General Partner | |||
By: | EJF CAPITAL LLC | |||
Its: | Sole Member | |||
By: | /s/ David Bell | |||
Name: | David Bell | |||
Title: | General Counsel |
EJF DEBT OPPORTUNITIES GP, LLC | ||||
By: | EJF CAPITAL LLC | |||
Its: | Sole Member | |||
By: | /s/ David Bell | |||
Name: | David Bell | |||
Title: | General Counsel |
EJF DEBT OPPORTUNITIES MASTER FUND II, LP | ||||
By: | EJF DEBT OPPORTUNITIES II GP, LLC | |||
Its: | General Partner | |||
By: | EJF CAPITAL LLC | |||
Its: | Sole Member | |||
By: | /s/ David Bell | |||
Name: | David Bell | |||
Title: | General Counsel |
EJF DEBT OPPORTUNITIES II GP, LLC | ||||
By: | EJF CAPITAL LLC | |||
Its: | Sole Member | |||
By: | /s/ David Bell | |||
Name: | David Bell | |||
Title: | General Counsel |
EJF INCOME FUND, LP | ||||
By: | EJF INCOME GP, LLC | |||
Its: | General Partner | |||
By: | EJF CAPITAL LLC | |||
Its: | Sole Member | |||
By: | /s/ David Bell | |||
Name: | David Bell | |||
Title: | General Counsel |
EJF INCOME GP, LLC | ||||
By: | EJF CAPITAL LLC | |||
Its: | Sole Member | |||
By: | /s/ David Bell | |||
Name: | David Bell | |||
Title: | General Counsel |
EJF TACTICAL OPPORTUNITIES FUND LP | ||||
By: | EJF TACTICAL OPPORTUNITIES GP LLC | |||
Its: | General Partner | |||
By: | EJF CAPITAL LLC | |||
Its: | Sole Member | |||
By: | /s/ David Bell | |||
Name: | David Bell | |||
Title: | General Counsel |
EJF TACTICAL OPPORTUNITIES GP LLC | ||||
By: | EJF CAPITAL LLC | |||
Its: | Sole Member | |||
By: | /s/ David Bell | |||
Name: | David Bell | |||
Title: | General Counsel |
EJF CAPITAL LLC | ||||
By: | /s/ David Bell | |||
Name: | David Bell | |||
Title: | General Counsel |
EMANUEL J. FRIEDMAN | ||||
By: | /s/ Emanuel J. Friedman | |||
Name: | Emanuel J. Friedman | |||
EJF DEBT OPPORTUNITIES MASTER FUND, L.P. | ||||
By: | EJF DEBT OPPORTUNITIES GP, LLC | |||
Its: | General Partner | |||
By: | EJF CAPITAL LLC | |||
Its: | Sole Member | |||
By: | /s/ David Bell | |||
Name: | David Bell | |||
Title: | General Counsel |
EJF DEBT OPPORTUNITIES GP, LLC | ||||
By: | EJF CAPITAL LLC | |||
Its: | Sole Member | |||
By: | /s/ David Bell | |||
Name: | David Bell | |||
Title: | General Counsel |
EJF DEBT OPPORTUNITIES MASTER FUND II, LP | ||||
By: | EJF DEBT OPPORTUNITIES II GP, LLC | |||
Its: | General Partner | |||
By: | EJF CAPITAL LLC | |||
Its: | Sole Member | |||
By: | /s/ David Bell | |||
Name: | David Bell | |||
Title: | General Counsel |
EJF DEBT OPPORTUNITIES II GP, LLC | ||||
By: | EJF CAPITAL LLC | |||
Its: | Sole Member | |||
By: | /s/ David Bell | |||
Name: | David Bell | |||
Title: | General Counsel |
EJF INCOME FUND, LP | ||||
By: | EJF INCOME GP, LLC | |||
Its: | General Partner | |||
By: | EJF CAPITAL LLC | |||
Its: | Sole Member | |||
By: | /s/ David Bell | |||
Name: | David Bell | |||
Title: | General Counsel |
EJF INCOME GP, LLC | ||||
By: | EJF CAPITAL LLC | |||
Its: | Sole Member | |||
By: | /s/ David Bell | |||
Name: | David Bell | |||
Title: | General Counsel |
EJF TACTICAL OPPORTUNITIES FUND LP | ||||
By: | EJF TACTICAL OPPORTUNITIES GP LLC | |||
Its: | General Partner | |||
By: | EJF CAPITAL LLC | |||
Its: | Sole Member | |||
By: | /s/ David Bell | |||
Name: | David Bell | |||
Title: | General Counsel |
EJF TACTICAL OPPORTUNITIES GP LLC | ||||
By: | EJF CAPITAL LLC | |||
Its: | Sole Member | |||
By: | /s/ David Bell | |||
Name: | David Bell | |||
Title: | General Counsel |