XML 22 R57.htm IDEA: XBRL DOCUMENT v2.4.0.8
Other Investments (Income Statement) (Details) (USD $)
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Dec. 31, 2012
Jul. 28, 2010
Schedule of Equity Method Investments [Line Items]        
Earnings (loss) from equity method investments $ 3,177,000 $ 21,678,000    
LNR Property LLC (LNR)
        
Schedule of Equity Method Investments [Line Items]        
Total revenue(2)     77,780,000 [1],[2]  
Income tax (expense) benefit     (279,000) [1]  
Net income attributable to LNR     189,249,000 [1]  
iStar's ownership percentage     24.00% [1] 24.00%
Earnings (loss) from equity method investments 0   45,375,000 [1],[3]  
Other than temporary impairment   (30,867,000)    
LNR and certain commercial mortgage backed securities and collateralized debt obligation trusts that are considered VIEs
        
Schedule of Equity Method Investments [Line Items]        
Servicing fee revenue     $ 29,300,000  
[1] The Company recorded its investment in LNR, which was sold in April 2013, on a one quarter lag. Therefore, the amounts in the Company's financial statements for the three months ended March 31, 2013 were based on balances and results from LNR for the three months ended December 31, 2012.
[2] LNR consolidates certain commercial mortgage-backed securities and collateralized debt obligation trusts that are considered VIEs (and for which it is the primary beneficiary), that have been included in the amounts presented above. For the three months ended December 31, 2012, total revenue presented above includes $29.3 million of servicing fee revenue that is eliminated upon consolidation of the VIE's at the LNR level. This income is then added back through consolidation at the LNR level as an adjustment to income allocable to noncontrolling entities and has no net impact on net income attributable to LNR.
[3] During the three months ended March 31, 2013, the Company recorded an other than temporary impairment of $30.9 million.