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Quarterly Financial Information (Unaudited) (Details) (USD $)
Share data in Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 12 Months Ended 3 Months Ended 12 Months Ended 3 Months Ended 12 Months Ended 1 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
Dec. 31, 2012
Unsecured Notes 8.625% senior notes
Mar. 31, 2011
Secured Notes 10.0% senior notes due 2014
Jan. 02, 2011
Secured Notes 10.0% senior notes due 2014
Dec. 31, 2011
Non-performing Loans
Mar. 31, 2012
Madison Funds
Dec. 31, 2012
Madison Funds
Dec. 31, 2011
Madison Funds
Dec. 31, 2010
Madison Funds
Oct. 31, 2011
Oak Hill Advisors
Quarterly Financial Information Disclosure [Abstract]                                        
Revenue $ 93,713,000 [1] $ 95,159,000 $ 108,647,000 $ 102,953,000 $ 104,731,000 [2] $ 105,841,000 $ 136,610,000 $ 117,887,000 $ 400,472,000 $ 465,069,000 $ 601,457,000                  
Net income (loss) (79,948,000) [1] (64,306,000) (51,129,000) (46,048,000) (28,915,000) [2] (54,661,000) (26,020,000) 83,902,000 (241,430,000) (25,693,000) 80,206,000                  
Earnings per common share data:                                        
Net income (loss) attributable to iStar Financial Inc. (87,424,000) [1] (71,784,000) (58,996,000) (54,792,000) (35,202,000) [2] (62,231,000) (35,525,000) 67,420,000 (272,997,000) (62,387,000) 36,279,000                  
Basic earnings per share (in dollars per share) $ (1.04) [1] $ (0.86) $ (0.70) $ (0.66) $ (0.43) [2] $ (0.71) $ (0.38) $ 0.73 $ (3.26) $ (0.70) $ 0.39                  
Diluted earnings per share (in dollars per share) $ (1.04) [1] $ (0.86) $ (0.70) $ (0.66) $ (0.43) [2] $ (0.71) $ (0.38) $ 0.71 $ (3.26) $ (0.70) $ 0.39                  
Weighted average number of common shares—basic 83,674 [1] 83,629 84,113 83,556 81,769 [2] 87,951 92,621 92,458 83,742 88,688 93,244                  
Weighted average number of common shares—diluted 83,674 [1] 83,629 84,113 83,556 81,769 [2] 87,951 92,621 94,609 83,742 88,688 93,244                  
Earnings per HPU share data:                                        
Net income (loss) attributable to iStar Financial Inc. (2,966,000) [1] (2,436,000) (1,991,000) (1,861,000) (1,222,000) [2] (2,008,000) (1,089,000) 2,070,000                        
Basic earnings per share (in dollars per share) $ (197.73) [1] $ (162.40) $ (132.73) $ (124.07) $ (81.47) [2] $ (133.87) $ (72.60) $ 138.00 $ (616.87) [3],[4] $ (133.13) [3],[4] $ 72.27 [3],[4]                  
Diluted earnings per share (in dollars per share) $ (197.73) [1] $ (162.40) $ (132.73) $ (124.07) $ (81.47) [2] $ (133.87) $ (72.60) $ 135.07 $ (616.87) [3],[4] $ (133.13) [3],[4] $ 72.27 [3],[4]                  
Weighted average number of HPU shares—basic and diluted 15 [1] 15 15 15 15 [2] 15 15 15 15 [3],[4] 15 [3],[4] 15 [3],[4]                  
Quarterly Financial Information [Line Items]                                        
Gain (loss) on early extinguishment of debt, net                 (37,816,000) 101,466,000 108,923,000 31,000,000 109,000,000              
Stated interest rate (as a percent)                       8.625%   10.00%            
Income from sales of residential property       27,900,000         63,472,000 5,721,000 0                  
Earnings from equity method investments                 103,009,000 95,091,000 51,908,000         13,700,000 10,246,000 3,641,000 9,717,000  
Net gain from sale of ownership interest                                       30,300,000
Impaired financing receivable, interest income, cash basis method                             26,300,000          
Amount of debt extinguished                         $ 312,300,000              
[1] 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.
[2] 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.
[3] 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.
[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).