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Earnings Per Share (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Reconciliation of income (loss) from continuing operations used in the basic and diluted EPS calculations                      
Income (loss) from continuing operations                 $ (312,694) [1] $ (49,206) [1] $ (206,997) [1]
Net (income) loss attributable to noncontrolling interests                 1,500 3,629 (523)
Income from sales of residential property       27,900         63,472 5,721 0
Preferred dividends                 (42,320) (42,320) (42,320)
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders, HPU holders and Participating Security Holders                 (290,042) (82,176) (249,840)
Numerator for basic earnings per share:                      
Income (loss) from discontinued operations                 (19,465) (7,318) 16,821
Gain from discontinued operations                 27,257 25,110 270,382
Net income (loss) allocable to common shareholders (87,424) [2] (71,784) (58,996) (54,792) (35,202) [3] (62,231) (35,525) 67,420 (272,997) (62,387) 36,279
Denominator for basic and diluted earnings per share:                      
Weighted average common shares outstanding for basic earnings per common share 83,674 [2] 83,629 84,113 83,556 81,769 [3] 87,951 92,621 92,458 83,742 88,688 93,244
Weighted average High Performance Units outstanding for basic and diluted earnings per share (in shares) 15 [2] 15 15 15 15 [3] 15 15 15 15 [1],[4] 15 [1],[4] 15 [1],[4]
Weighted average common shares outstanding for diluted earnings per common share 83,674 [2] 83,629 84,113 83,556 81,769 [3] 87,951 92,621 94,609 83,742 88,688 93,244
Basic earnings per common share:                      
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders (in dollars per share)                 $ (3.35) [1] $ (0.89) [1] $ (2.60) [1]
Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders (in dollars per share) $ (1.04) [2] $ (0.86) $ (0.70) $ (0.66) $ (0.43) [3] $ (0.71) $ (0.38) $ 0.73 $ (3.26) $ (0.70) $ 0.39
Diluted earnings per common share:                      
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders (in dollars per share)                 $ (3.35) [1] $ (0.89) [1] $ (2.60) [1]
Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders (in dollars per share) $ (1.04) [2] $ (0.86) $ (0.70) $ (0.66) $ (0.43) [3] $ (0.71) $ (0.38) $ 0.71 $ (3.26) $ (0.70) $ 0.39
Common shares
                      
Numerator for basic earnings per share:                      
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders                 (280,534) (79,627) (242,440)
Income (loss) from discontinued operations                 (18,826) (7,091) 16,324
Gain from discontinued operations                 26,363 24,331 262,395
Net income (loss) allocable to common shareholders                 (272,997) (62,387) 36,279
Numerator for diluted earnings per share:                      
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders                 (280,534) (79,627) (242,440)
Income (loss) from discontinued operations                 (18,826) (7,091) 16,324
Gain from discontinued operations                 26,363 24,331 262,395
Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders                 (272,997) (62,387) 36,279
Denominator for basic and diluted earnings per share:                      
Weighted average common shares outstanding for basic earnings per common share                 83,742 88,688 93,244
Add: effect of assumed shares issued under treasury stock method for restricted shares                 0 0 0
Add: effect of joint venture shares                 0 0 0
Weighted average common shares outstanding for diluted earnings per common share                 83,742 88,688 93,244
Basic earnings per common share:                      
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders (in dollars per share)                 $ (3.35) $ (0.89) $ (2.60)
Income from discontinued operations (in dollars per share)                 $ (0.22) $ (0.08) $ 0.18
Gain from discontinued operations (in dollars per share)                 $ 0.31 $ 0.27 $ 2.81
Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders (in dollars per share)                 $ (3.26) $ (0.70) $ 0.39
Diluted earnings per common share:                      
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders (in dollars per share)                 $ (3.35) $ (0.89) $ (2.60)
Income from discontinued operations (in dollars per share)                 $ (0.22) $ (0.08) $ 0.18
Gain from discontinued operations (in dollars per share)                 $ 0.31 $ 0.27 $ 2.81
Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders (in dollars per share)                 $ (3.26) $ (0.70) $ 0.39
HPU's
                      
Numerator for basic earnings per share:                      
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to HPU holders                 (9,509) (2,549) (7,400)
Income (loss) from discontinued operations                 (638) (227) 497
Gain from discontinued operations                 894 779 7,987
Net income (loss) allocable to common shareholders                 (9,253) (1,997) 1,084
Numerator for diluted earnings per share:                      
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders                 (9,509) (2,549) (7,400)
Income (loss) from discontinued operations                 (638) (227) 497
Gain from discontinued operations                 894 779 7,987
Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders                 $ (9,253) $ (1,997) $ 1,084
Denominator for basic and diluted earnings per share:                      
Weighted average High Performance Units outstanding for basic and diluted earnings per share (in shares)                 15 15 15
Basic earnings per common share:                      
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders (in dollars per share)                 $ (633.94) $ (169.93) $ (493.33)
Income from discontinued operations (in dollars per share)                 $ (42.53) $ (15.13) $ 33.13
Gain from discontinued operations (in dollars per share)                 $ 59.60 $ 51.93 $ 532.47
Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders (in dollars per share)                 $ (616.87) $ (133.13) $ 72.27
Diluted earnings per common share:                      
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders (in dollars per share)                 $ (633.94) $ (169.93) $ (493.33)
Income from discontinued operations (in dollars per share)                 $ (42.53) $ (15.13) $ 33.13
Gain from discontinued operations (in dollars per share)                 $ 59.60 $ 51.93 $ 532.47
Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders (in dollars per share)                 $ (616.87) $ (133.13) $ 72.27
[1] Income (loss) from continuing operations attributable to iStar Financial Inc. for the years ended December 31, 2012, 2011 and 2010 was $(311.2) million, $(45.6) million and $(207.5) million, respectively. See Note 13 for details on the calculation of earnings per share.
[2] During the quarter ended December 31, 2012, the Company recorded a loss on early extinguishment of debt of $31.0 million primarily related to a prepayment penalty on the early repayment of 8.625% Senior Notes, as well as a loss due to the acceleration of unamortized fees and discounts related to the refinancing of the 2011 Secured Credit Facilities (see Note 8). The Company also recorded $27.9 million related to Income from sales of residential property. During the quarter ended March 31, 2012, the Madison Funds recorded a significant gain related to the sale of an investment for which the Company recorded its $13.7 million proportionate share.
[3] During the quarter ended December 31, 2011, the Company sold a substantial portion of its interests in Oak Hill Advisors, L.P. and related entities which resulted in a net gain of $30.3 million (see Note 6). During the quarter ended June 30, 2011, the Company recorded interest income of $26.3 million related to certain non-performing loans that were resolved, including interest not previously recorded due to the loans being on non-accrual status. During the quarter ended March 31, 2011, the Company recorded a gain on early extinguishment of debt of $109.0 million for the redemption of its $312.3 million remaining principal amount of 10% senior secured notes due June 2014.
[4] HPU holders are current and former Company employees who purchased high performance common stock units under the Company's High Performance Unit Program (see Note 11).