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Other Investments (Tables)
 6 Months Ended
Jun. 30, 2016
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):
 
 
 
Equity in Earnings (Losses)
 
Carrying Value as of
 
For the Three Months Ended June 30,
 
For the Six Months
Ended June 30,
 
June 30, 2016
 
December 31, 2015
 
2016
 
2015
 
2016
 
2015
Other real estate equity investments(1)
$
74,381

 
$
81,452

 
$
28,600

 
$
(337
)
 
$
26,898

 
$
(1,638
)
iStar Net Lease I LLC ("Net Lease Venture")
67,895

 
69,096

 
944

 
1,666

 
1,890

 
3,299

Other investments(2)
58,922

 
73,525

 
4,723

 
2,357

 
5,525

 
4,053

Marina Palms, LLC ("Marina Palms")
27,558

 
30,099

 
5,180

 
5,099

 
13,401

 
9,618

Total other investments
$
228,756

 
254,172

 
$
39,447

 
$
8,785

 
$
47,714

 
$
15,332


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(1)
In June 2016, a majority-owned consolidated subsidiary of the Company sold its interest in a real estate equity method investment for net proceeds of $39.8 million and recognized a gain of $31.5 million, of which $10.1 million of the gain was attributable to the noncontrolling interest.
(2)
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 six months ended June 30, 2016, the Company recognized $0.5 million and $3.7 million, respectively, of carried interest income. During the three and six months ended June 30, 2015, the Company recognized $0.7 million and $2.2 million, respectively, of carried interest income.
Summarized investee financial information
The following table presents the investee level summarized financial information of the Company's equity method investments, which were significant subsidiaries for the six months ended June 30, 2016 and 2015 ($ in thousands):
 
Revenues
 
Expenses
 
Net Income Attributable to Parent Entities
For the Six Months Ended June 30, 2016
 
 
 
 
 
Marina Palms
$
87,494

 
$
(47,764
)
 
$
39,730

 
 
 
 
 
 
For the Six Months Ended June 30, 2015
 
 
 
 
 
Marina Palms
$
71,852

 
$
(45,523
)
 
$
26,329