QuickLinks -- Click here to rapidly navigate through this document
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACOUNTING FIRM
We hereby consent to the incorporation by reference in the Registration Statement on Form S-4 of iStar Financial Inc. of our report dated March 15, 2006, except with respect to our opinion on the consolidated financial statements insofar as they relate to the effects of the discontinued operations as discussed in Notes 5, 13, 17 and 18, as to which the date is September 13, 2006, relating to the financial statements, financial statement schedules, management's assessment of the effectiveness of internal control over financial reporting and the effectiveness of internal control over financial reporting, which appears in the Current Report on Form 8-K dated September 13, 2006. We also consent to the references to us under the headings "Experts" in such Registration Statement.
/s/ PRICEWATERHOUSECOOPERS LLP
New York, NY
December 13, 2006
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACOUNTING FIRM