XML 59 R59.htm IDEA: XBRL DOCUMENT v2.4.0.8
Other Investments (LNR Property Narrative) (Details) (USD $)
1 Months Ended 3 Months Ended 9 Months Ended
Apr. 30, 2013
Jul. 31, 2010
Sep. 30, 2014
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Sep. 30, 2014
Sep. 30, 2013
Apr. 30, 2014
Jul. 28, 2010
Equity Method Ownership Rollforward [Roll Forward]                    
Earnings from equity method investments     $ 49,578,000 $ 4,345,000     $ 76,848,000 $ 34,346,000    
LNR Property LLC (LNR)
                   
Schedule of Equity Method Investments [Line Items]                    
iStar's ownership percentage                   24.00%
Percentage of ownership acquired by the Company and a group of investors                   100.00%
Contribution towards principal amount of Holdco Notes   100,000,000                
Amount of cash contributed in exchange for equity interest   100,000,000                
Equity interest in investee                   120,000,000
Real estate, net proceeds held in escrow for potential indemnification obligations                 25,200,000  
Equity Method Ownership Rollforward [Roll Forward]                    
Carrying value of LNR at beginning of period 220,281,000     0 220,281,000 205,773,000   205,773,000    
Equity in earnings of LNR for the period       0 [1] 0 [1] 45,375,000 [1]   45,375,000 [1]    
Balance before other than temporary impairment       0 220,281,000 251,148,000   251,148,000    
Other than temporary impairment       0 [1] 0 [1] (30,867,000) [1]   (30,867,000) [1]    
Sales proceeds pursuant to contract (220,300,000)     0 (220,281,000) 0   (220,281,000)    
Carrying value of LNR at end of period       0 0 220,281,000   0    
Equity Method Investment, Summarized Financial Information, Other Loss         66,200,000          
Income (loss) from equity method investments, release of AOCI               1,700,000    
Earnings from equity method investments     $ 0 $ 0     $ 0 $ 16,465,000    
[1] During the nine months ended September 30, 2013, the Company recorded an other than temporary impairment of $30.9 million. Subsequent to the sale of the Company's interest in LNR, LNR reported a reduction in their earnings of $66.2 million related to a purchase price allocation adjustment. The reduction was reflected in LNR's operations for the three months ended March 31, 2013, which resulted in a net loss for the period. Because the Company recorded its investment in LNR on a one quarter lag, the adjustment was reflected in the quarter ended June 30, 2013. There was no net impact on the Company's previously reported equity in earnings as the Company limited its proportionate share of earnings from LNR pursuant to the definitive sale agreement as described above.