{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-039689","form_type":"8-K","ticker":"STHO","cik":"0001953366","company_name":"Star Holdings","filed_at":"2023-03-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.487320+00:00","generated_at":"2026-06-17T08:34:40.313456+00:00","sec_items":["1.01","2.01","2.03","3.02","5.01","5.02","5.03","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Star Holdings completes spin-off from iStar; begins trading on Nasdaq under STHO","bullets":["Spin-off effective March 31, 2023; iStar distributed 0.153 STHO shares per iStar share.","Received assets with gross real estate value of $357.9M: Asbury Park Waterfront ($193.9M), Magnolia Green ($97.3M), Coney Island Bath Site ($26.3M).","Entered into $115M secured term loan from Safehold and $140M margin loan facility from Morgan Stanley.","Appointed Jay Sugarman as CEO, Marcos Alvarado as President/CIO, Brett Asnas as CFO; board of three trustees.","Amended declaration of trust to authorize 200M common shares and 30M preferred shares."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-039689","json":"https://secwatch.observer/filing/0001104659-23-039689.json","markdown":"https://secwatch.observer/filing/0001104659-23-039689.md","text":"https://secwatch.observer/filing/0001104659-23-039689.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1953366/000110465923039689/0001104659-23-039689-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1953366/000110465923039689/tm2310755d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T08:34:40.313456+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1673532f67","claim":"Marcos Alvarado was appointed as President and Chief Investment Officer at Star Holdings.","evidence_excerpt":"Marcos Alvarado, as President and Chief Investment Officer","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1953366/000110465923039689/0001104659-23-039689-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President and Chief Investment Officer"}],"fact_type":"executive_change"},{"claim_id":"8977f7a9c5","claim":"Jay Sugarman was appointed as Chief Executive Officer at Star Holdings.","evidence_excerpt":"Jay Sugarman, as Chief Executive Officer","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1953366/000110465923039689/0001104659-23-039689-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"a9b780718d","claim":"Nina Matis was appointed as Lead Trustee at Star Holdings.","evidence_excerpt":"Ms. Matis was appointed Lead Trustee.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1953366/000110465923039689/0001104659-23-039689-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Lead Trustee"}],"fact_type":"executive_change"},{"claim_id":"ae575e510f","claim":"Richard Lieb was appointed as Trustee at Star Holdings.","evidence_excerpt":"each of Clifford De Souza, Nina Matis and Richard Lieb were appointed to serve as trustees","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1953366/000110465923039689/0001104659-23-039689-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Trustee"}],"fact_type":"executive_change"},{"claim_id":"cf5fd057ad","claim":"Clifford De Souza was appointed as Trustee at Star Holdings.","evidence_excerpt":"each of Clifford De Souza, Nina Matis and Richard Lieb were appointed to serve as trustees","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1953366/000110465923039689/0001104659-23-039689-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Trustee"}],"fact_type":"executive_change"},{"claim_id":"d1b9c3953e","claim":"Nina Matis was appointed as Trustee at Star Holdings.","evidence_excerpt":"each of Clifford De Souza, Nina Matis and Richard Lieb were appointed to serve as trustees","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1953366/000110465923039689/0001104659-23-039689-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Trustee"}],"fact_type":"executive_change"},{"claim_id":"eb3533e0f7","claim":"Brett Asnas was appointed as Chief Financial Officer at Star Holdings.","evidence_excerpt":"Brett Asnas, as Chief Financial Officer","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1953366/000110465923039689/0001104659-23-039689-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"ffa98e4c5c","claim":"Jay Sugarman resigned as Trustee at Star Holdings.","evidence_excerpt":"Jay Sugarman, the sole trustee of Star Holdings, resigned","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1953366/000110465923039689/0001104659-23-039689-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Trustee"}],"fact_type":"executive_change"},{"claim_id":"b5f9061b0e22e08b332c2f1b6342564ab5d1ef17","claim":"Star Holdings: Amended and Restated Bylaws adopted, containing advance notice provisions for shareholder nominations and proposals, and other governance provisions (effective 2023-03-31).","evidence_excerpt":"On March 31, 2023, the Board adopted the Star Holdings' Amended and Restated Bylaws (the \"Amended and Restated Bylaws\").","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1953366/000110465923039689/0001104659-23-039689-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"},{"label":"Effective","value":"2023-03-31"}],"fact_type":"governance_change"},{"claim_id":"de576569c36b3bb104a772c3212bc4c56ddc6993","claim":"Star Holdings: Amended and Restated Declaration of Trust, setting authorized shares to 200,000,000 common shares and 30,000,000 preferred shares, and providing one vote per common share (effective 2023-03-31).","evidence_excerpt":"On March 31, 2023, Star Holdings amended and restated its Declaration of Trust (the \"Amended and Restated Declaration of Trust\").","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1953366/000110465923039689/0001104659-23-039689-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-03-31"}],"fact_type":"governance_change"},{"claim_id":"70e90c1c01f629759f1613af6c8a45999d535a90","claim":"Star Holdings completed a disposition involving iStar Inc. (closed 2023-03-31).","evidence_excerpt":"Separation and Distribution Agreement”), dated as of March 31, 2023, by and between iStar Inc., a Maryland corporation (\"iStar\"), and Star Holdings, a Maryland statutory trust (\"Star Holdings\").","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1953366/000110465923039689/0001104659-23-039689-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"iStar Inc."},{"label":"Closing","value":"2023-03-31"}],"fact_type":"ma_transaction"},{"claim_id":"08f4cd532d2e90aaa9796769fdd5b1899ab3a784","claim":"Star Holdings entered into Separation and Distribution Agreement with New Safe (formerly iStar, now Safehold Inc.) (effective 2023-03-31).","evidence_excerpt":"On March 31, 2023, in connection with the Spin-Off, Star Holdings entered into the Separation and Distribution Agreement","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1953366/000110465923039689/0001104659-23-039689-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"supply"},{"label":"Counterparty","value":"New Safe (formerly iStar, now Safehold Inc.)"},{"label":"Effective","value":"2023-03-31"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}