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Earnings Per Share (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Reconciliation of income (loss) from continuing operations used in the basic and diluted EPS calculations    
Income (loss) from continuing operations $ (61,955) [1] $ (41,826) [1]
Net (income) loss attributable to noncontrolling interests 189 (25)
Income from sales of residential property 23,697 6,733
Preferred dividends (10,580) (10,580)
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders, HPU holders and Participating Security Holders (48,649) (45,698)
Numerator for basic earnings per share:    
Income (loss) from discontinued operations 961 (13,361)
Gain from discontinued operations 5,044 2,406
Net income (loss) allocable to common shareholders (41,263) (54,792)
Denominator for basic and diluted earnings per share:    
Weighted average common shares outstanding for basic earnings per common share 84,824 83,556
Weighted average High Performance Units outstanding for basic and diluted earnings per share (in shares) 15 [1],[2] 15 [1],[2]
Basic earnings per common share:    
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders (in dollars per share) $ (0.56) [1] $ (0.54) [1]
Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders (in dollars per share) $ (0.49) $ (0.66)
Diluted earnings per common share:    
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders (in dollars per share) $ (0.56) [1] $ (0.54) [1]
Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders (in dollars per share) $ (0.49) $ (0.66)
Common shares
    
Numerator for basic earnings per share:    
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders (47,074) (44,197)
Income (loss) from discontinued operations 930 (12,922)
Gain from discontinued operations 4,881 2,327
Net income (loss) allocable to common shareholders (41,263) (54,792)
Numerator for diluted earnings per share:    
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders (47,074) (44,197)
Income (loss) from discontinued operations 930 (12,922)
Gain from discontinued operations 4,881 2,327
Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders (41,263) (54,792)
Denominator for basic and diluted earnings per share:    
Weighted average common shares outstanding for basic earnings per common share 84,824 83,556
Basic earnings per common share:    
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders (in dollars per share) $ (0.56) $ (0.54)
Income from discontinued operations (in dollars per share) $ 0.01 $ (0.15)
Gain from discontinued operations (in dollars per share) $ 0.06 $ 0.03
Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders (in dollars per share) $ (0.49) $ (0.66)
Diluted earnings per common share:    
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders (in dollars per share) $ (0.56) $ (0.54)
Income from discontinued operations (in dollars per share) $ 0.01 $ (0.15)
Gain from discontinued operations (in dollars per share) $ 0.06 $ 0.03
Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders (in dollars per share) $ (0.49) $ (0.66)
HPU's
    
Numerator for basic earnings per share:    
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to HPU holders (1,575) (1,501)
Income (loss) from discontinued operations 31 (439)
Gain from discontinued operations 163 79
Net income (loss) allocable to common shareholders (1,381) (1,861)
Numerator for diluted earnings per share:    
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders (1,575) (1,501)
Income (loss) from discontinued operations 31 (439)
Gain from discontinued operations 163 79
Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders $ (1,381) $ (1,861)
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
Basic earnings per common share:    
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders (in dollars per share) $ (105.01) $ (100.07)
Income from discontinued operations (in dollars per share) $ 2.07 $ (29.27)
Gain from discontinued operations (in dollars per share) $ 10.87 $ 5.27
Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders (in dollars per share) $ (92.07) $ (124.07)
Diluted earnings per common share:    
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders (in dollars per share) $ (105.01) $ (100.07)
Income from discontinued operations (in dollars per share) $ 2.07 $ (29.27)
Gain from discontinued operations (in dollars per share) $ 10.87 $ 5.27
Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders (in dollars per share) $ (92.07) $ (124.07)
[1] Income (loss) from continuing operations attributable to iStar Financial Inc. for the three months ended March 31, 2013, and 2012 was $(61.8) million and $(41.9) million, respectively. See Note 13 for details on the calculation of earnings per share.
[2] 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).