Star Holdings has announced the deconsolidation of a joint venture related to a multifamily development project, effective March 27, 2026. This decision follows the repayment of a loan by the joint venture, which resulted in the release of the company's guarantee to a third-party lender. The company clarified that no consideration was transferred as part of this transaction. The deconsolidation will impact the company's financial reporting, as the venture was previously consolidated under Accounting Standards Codification 810 (ASC 810). The company will now reflect the venture's financials separately, which may lead to changes in its balance sheet and income statement. The pro forma financial information reflecting this change has been filed as an exhibit to the 8-K report. This move is seen as a strategic adjustment to better align the company's financial reporting with its current operational structure. The company continues to maintain a focus on its core operations and strategic outlook, ensuring that its financial health remains robust as it navigates the complexities of its investments.

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