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Other Investments (Tables)
 9 Months Ended
Sep. 30, 2015
Investments, All Other Investments [Abstract]  
Schedule of other investments and its proportionate share of results for equity method investments
The Company's other investments and its proportionate share of earnings (losses) from equity method investments were as follows ($ in thousands):
 
Carrying Value as of
 
Equity in Earnings (Losses)
 
September 30, 2015
 
December 31, 2014
 
For the Three Months Ended September 30,
 
For the Nine Months
Ended September 30,
 
 
 
 
 
2015
 
2014
 
2015
 
2014
iStar Net Lease I LLC ("Net Lease Venture")
$
68,719

 
$
125,361

 
$
971

 
$
349

 
$
4,270

 
$
152

Other real estate equity investments(1)
81,437

 
88,848

 
(2,906
)
 
33,509

 
(4,545
)
 
36,004

Other investments(2)(3)
51,751

 
63,262

 
2,159

 
11,889

 
6,658

 
39,863

Madison Funds
38,299

 
45,971

 
331

 
3,982

 
(115
)
 
1,591

Marina Palms, LLC ("Marina Palms")
50,313

 
30,677

 
10,017

 
(151
)
 
19,636

 
(762
)
Total other investments
290,519

 
354,119

 
$
10,572

 
$
49,578

 
$
25,904

 
$
76,848


_______________________________________________________________________________
(1)
For the three and nine months ended September 30, 2014, the Company recognized $32.9 million of earnings from equity method investments resulting from asset sales by one of its equity method investees.
(2)
For the nine months ended September 30, 2014, the Company recognized $23.4 million of earnings from equity method investments resulting from asset sales and a legal settlement by one of its equity method investees.
(3)
In conjunction with the sale of the Company's interests in Oak Hill Advisors, L.P. in 2011, the Company retained a share of the carried interest related to various funds. During the three and nine months ended September 30, 2014, the Company recognized $9.0 million of carried interest income.
Summarized investee financial information
The following table presents the investee level summarized financial information of the Company's equity method investments, which were significant subsidiaries for the nine months ended September 30, 2015 ($ in thousands):
 
Revenues
 
Expenses
 
Net Income Attributable to Parent Entities
For the Nine Months Ended September 30, 2015
 
 
 
 
 
Marina Palms
$
142,419

 
$
(88,661
)
 
$
53,758

 
 
 
 
 
 
For the Nine Months Ended September 30, 2014
 
 
 
 
 
Marina Palms
$
86

 
$
(1,694
)
 
$
(1,608
)