Private Viewing of Alexander Mijares at Ocean House South Beach on Thursday, June 28, 2012.

Ocean House and owner iStar Residential hosted a private viewing of never-before-seen works by local breakout artist Alexander Mijares on Thursday, June 28, 2012. Held in Beach House I – the oceanfront property’s only 6,000-square foot bi-level residences still on the market – the exclusive preview event attracted more than 450 VIPs and art enthusiasts and resulted in impressive sales. Mijares’ pledge to donate ten percent of proceeds from sales of art during the event to Make-A-Wish® Southern Florida, coupled with a personal contribution, amounted to a $5,000 donation that will find one “Wish” for a child with a life-threatening condition.

Known for his contemporary style that mixes traditional and street art with a Spanish influence, Mijares’ colorful paintings of bright reds, blues and yellows transformed the palatial, designer-ready residence into a warm, vibrant environment and captured the attention of seven buyers. Of the 22 works showcased, including one piece specially commissioned for event sponsor Stolichnaya elit Ultra Luxury Vodka, select pieces sold included “I Heart Fashion,” “Yesterday,” “Street Sanctuary,” and “Red Soul,” which was purchased by Seattle Seahawk Wide Receiver Sidney Rice, among others.

Other esteemed guests in attendance included iStar Residential’s Anthony Burns and George Helmstetter; Cervera Real Estate’s Alicia Cervera Lamadrid and Sildy Cervera; attorney Ralph G. Patino, who also purchased a painting; Atlantitech owner George Wallner; Inca Swimwear co-owner and designer Stacy Josloff; J.C. Carey Motor owner J.C. Carey; Body & Soul owners Alex and Carolina Pirez; The Paradise Fund Founder Loy Anderson; and socialites Malinka Max and Nicole Lozano.

For more information on Alexander Mijares, please visit www.mijares.com.

Owner iStar Residential has captured intimate, resort-like living in the South of Fifth neighborhood with Ocean House’s 18 beachfront homes, including penthouses exceeding 6,000 square feet. The property’s limited availability, backyard oasis of sand and ocean, and easy access to South Beach’s renowned culture and nightlife make Ocean House one of the world’s most desirable addresses.

A multi-million dollar redesign by designer Alison Antrobus preserves Ocean House’s historic integrity – original structure built in 1946 – while transforming its common areas into those of a private residence. The property features world-class amenities as well as exclusive services and perks that offer residents a unique, customized experience in a gracious, residential setting. Features include a private beach club, state-of-the-art gym and spa facilities, beachfront pool with sunning beds and private cabanas, e-concierge and richly appointed entertainment areas, as well as 24-hour security, butler, wine room with resident vintner and individual wine lockers for residents, and valet services. Ocean House residents will also enjoy preferred personalized on-demand benefits including access to renowned restaurants, salons, child and pet care, among others.

To request additional information or to schedule a private viewing of the property as well as the Artefacto- and Steven G-designed model residences, please contact Cervera Real Estate at the Ocean House Sales Office at 305.763.8171 or visit www.oceanhousesouthbeach.com.

iStar Residential is one of the largest investors in luxury condominium, multifamily and master-planned residential developments throughout the United States, having financed and invested in $10 billion of residential projects since 1993. iStar Residential’s portfolio has included interests in over 18,000 condominium units in the nation’s top markets and 65,000 acres in master planned communities having the potential for an estimated 50,000 single family and multifamily units. The Company’s unique, fully-integrated platform extends from property entitlement and development to construction, bridge and long-term financing through asset servicing, property and portfolio management. iStar Residential is a division of iStar Financial, a $9 billion finance and investment company focused on the real estate industry and traded on the New York Stock Exchange under the symbol “SFI”. For more information, visit www.istarresidential.com.

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