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Other Investments (Tables) | 9 Months Ended
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Sep. 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 September 30, |  | For the Nine Months Ended September 30,
| September 30, 2016 |  | December 31, 2015 |  | 2016 |  | 2015 |  | 2016 |  | 2015
Real estate equity investments |  |  |  |  |  |  |  |  |  |  |
iStar Net Lease I LLC ("Net Lease Venture") | $ | 103,468 |  |  | $ | 69,096 |  |  | $ | 723 |  |  | $ | 971 |  |  | $ | 2,613 |  |  | $ | 4,270 |
Marina Palms, LLC ("Marina Palms") | 32,714 |  |  | 30,099 |  |  | 6,182 |  |  | 10,017 |  |  | 19,583 |  |  | 19,636 |
Other real estate equity investments(1) | 72,918 |  |  | 81,452 |  |  | 16,289 |  |  | (2,906 | ) |  | $ | 43,187 |  |  | (4,545 | )
Subtotal | 209,100 |  |  | 180,647 |  |  | 23,194 |  |  | 8,082 |  |  | 65,383 |  |  | 19,361 |
Other strategic investments(2) | 53,396 |  |  | 73,525 |  |  | 3,346 |  |  | 2,490 |  |  | 8,871 |  |  | 6,543 |
Total | $ | 262,496 |  |  | 254,172 |  |  | $ | 26,540 |  |  | $ | 10,572 |  |  | $ | 74,254 |  |  | $ | 25,904 |
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(1) | During the nine months ended September 30, 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 equity in earnings of $31.5 million, of which $10.1 million was attributable to the noncontrolling interest. In September 2016, the Company received a distribution from one of its real estate equity method investments and recognized equity in earnings during the three and nine months ended September 30, 2016 of $15.8 million and $11.6 million, respectively.
(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 nine months ended September 30, 2016, the Company recognized $0.6 million and $4.3 million, respectively, of carried interest income. During the nine months ended September 30, 2015, the Company recognized $2.2 million of carried interest income.
Summarized investee financial information | The following table presents the investee level summarized financial information of the Company's equity method investments, which were significant subsidiaries for the nine months ended September 30, 2016 and 2015 ($ in thousands):
| Revenues |  | Expenses |  | Net Income Attributable to Parent Entities
For the Nine Months Ended September 30, 2016 |  |  |  |  |
Marina Palms | $ | 129,697 |  |  | $ | (72,736 | ) |  | $ | 56,961 |
For the Nine Months Ended September 30, 2015 |  |  |  |  |
Marina Palms | $ | 142,419 |  |  | $ | (88,661 | ) |  | $ | 53,758 |

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571 + Details
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