XML 28 R33.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Real Estate (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2014
Real Estate [Abstract] |
Schedule of future minimum rental payments for operating leases | Future minimum operating lease payments under non-cancelable leases, excluding customer reimbursements of expenses, in effect at December 31, 2014, are as follows ($ in thousands):
Year |  | Net Lease Assets |  | Operating Properties
2015 |  | $ | 126,316 |  |  | $ | 52,823 |
2016 |  | 125,653 |  |  | 51,437 |
2017 |  | 120,918 |  |  | 49,592 |
2018 |  | 118,384 |  |  | 44,288 |
2019 |  | 116,348 |  |  | 38,707 |
Future minimum lease obligations under non-cancelable operating leases are as follows ($ in thousands):
2015 | $ | 5,598 |
2016 | 5,598 |
2017 | 4,982 |
2018 | 4,179 |
2019 | 3,442 |
Thereafter | 8,266 |
Schedule of Real Estate Assets | The Company's real estate assets were comprised of the following ($ in thousands):
| Net Lease |  | Operating Properties |  | Land |  | Total
As of December 31, 2014 |  |  |  |  |  |  |
Land and land improvements | $ | 311,890 |  |  | $ | 146,417 |  |  | $ | 868,650 |  |  | $ | 1,326,957 |
Buildings and improvements | 1,240,593 |  |  | 578,013 |  |  | — |  |  | 1,818,606 |
Less: accumulated depreciation and amortization | (364,323 | ) |  | (96,159 | ) |  | (8,367 | ) |  | (468,849 | )
Real estate, net | 1,188,160 |  |  | 628,271 |  |  | 860,283 |  |  | 2,676,714 |
Real estate available and held for sale | 4,521 |  |  | 162,782 |  |  | 118,679 |  |  | 285,982 |
Total real estate | $ | 1,192,681 |  |  | $ | 791,053 |  |  | $ | 978,962 |  |  | $ | 2,962,696 |
As of December 31, 2013 |  |  |  |  |  |  |
Land and land improvements | $ | 350,817 |  |  | $ | 132,934 |  |  | $ | 803,238 |  |  | $ | 1,286,989 |
Buildings and improvements | 1,346,071 |  |  | 587,574 |  |  | — |  |  | 1,933,645 |
Less: accumulated depreciation and amortization | (338,640 | ) |  | (82,420 | ) |  | (3,393 | ) |  | (424,453 | )
Real estate, net | 1,358,248 |  |  | 638,088 |  |  | 799,845 |  |  | 2,796,181 |
Real estate available and held for sale | — |  |  | 228,328 |  |  | 132,189 |  |  | 360,517 |
Total real estate | $ | 1,358,248 |  |  | $ | 866,416 |  |  | $ | 932,034 |  |  | $ | 3,156,698 |
Schedule of Acquisitions of Real Estate Assets, Cash Paid | The following acquisitions of real estate were reflected in the Company's Consolidated Statements of Cash Flows for the years ended December 31, 2014, 2013 and 2012 ($ in thousands):
| For the Years Ended December 31,
| 2014(1) |  | 2013(2)(3) |  | 2012(4)
Acquisitions of real estate assets | $ | 4,666 |  |  | $ | 102,364 |  |  | $ | 9,750 |
Explanatory Notes: _______________________________________________________________________________
(1) | During the year ended December 31, 2014, the Company purchased two condominium units for $3.0 million and one land parcel for $1.7 million.
(2) | During the year ended December 31, 2013, the Company acquired a net lease asset for a purchase price of $93.6 million, including intangible assets of $36.1 million, intangible liabilities of $11.9 million and acquisition-related costs of $0.2 million, which was leased back to the seller. The Company concluded that the transaction was a real estate asset acquisition and capitalized the acquisition-related costs. The intangible assets were included in "Deferred expenses and other assets, net" and the intangible liabilities were included in "Accounts payable, accrued expenses and other liabilities" on the Company's Consolidated Balance Sheets. The lease was classified as an operating lease. During the year ended December 31, 2014, the net lease asset was sold to its Net Lease Venture for net proceeds of $93.7 million, which approximated carrying value.
(3) | During the year ended December 31, 2013, the Company paid $8.8 million to redeem a noncontrolling member's interest.
(4) | During the year ended December 31, 2012, the Company acquired approximately 900 parking spaces adjacent to an owned property for $9.8 million.
Schedule of Pro Forma Information, Business Combination | The following unaudited table summarizes the Company's pro forma revenues and net income for the years ended December 31, 2014 and 2013, as if the acquisition of these properties acquired during the year ended December 31, 2014 was completed on January 1, 2013 ($ in thousands):
| For the Years Ended December 31,
| 2014 |  | 2013
Pro forma total revenues | $ | 466,327 |  |  | $ | 399,885 |
Pro forma net income (loss) | (245 | ) |  | (112,355 | )
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures | The following table summarizes income (loss) from discontinued operations for the years ended December 31, 2013 and 2012 ($ in thousands):
| For the Years Ended December 31,
| 2013 |  | 2012
Revenues | $ | 5,545 |  |  | $ | 14,132 |
Total expenses | (3,138 | ) |  | (9,037 | )
Impairment of assets | (1,763 | ) |  | (22,576 | )
Income (loss) from discontinued operations | $ | 644 |  |  | $ | (17,481 | )

X
- Definition [Table Text Block] for Schedule of Acquisitions of Real Estate Assets, Cash Paid [Table] + References No definition available. + Details
Name: | star_ScheduleofAcquisitionsofRealEstateAssetsCashPaidTableTextBlock
Namespace Prefix: | star_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Real Estate Assets [Table Text Block] + References No definition available. + Details
Name: | star_ScheduleOfRealEstateAssetsTableTextBlock
Namespace Prefix: | star_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_RealEstateAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1474-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2443-110228 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6453985&loc=d3e41502-112717 + Details
Name: | us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration