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Other Investments (Tables) | 12 Months Ended
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Dec. 31, 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):
| Carrying Value |  | Equity in Earnings (Losses)
| As of December 31, |  | For the Years Ended December 31,
| 2016 |  | 2015 |  | 2016 |  | 2015 |  | 2014
Real estate equity investments |  |  |  |  |  |  |  |  |
iStar Net Lease I LLC ("Net Lease Venture") | $ | 92,669 |  |  | $ | 69,096 |  |  | $ | 3,567 |  |  | $ | 5,221 |  |  | $ | 1,915 |
Marina Palms, LLC ("Marina Palms") | 35,185 |  |  | 30,099 |  |  | 22,053 |  |  | 23,626 |  |  | 14,671 |
Other real estate equity investments (1) | 53,202 |  |  | 81,452 |  |  | 41,822 |  |  | (5,280 | ) |  | 36,842 |
Subtotal | 181,056 |  |  | 180,647 |  |  | 67,442 |  |  | 23,567 |  |  | 53,428 |
Other strategic investments (2)(3) | 33,350 |  |  | 73,525 |  |  | 9,907 |  |  | 8,586 |  |  | 41,477 |
Total | $ | 214,406 |  |  | $ | 254,172 |  |  | $ | 77,349 |  |  | $ | 32,153 |  |  | $ | 94,905 |
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(1) | During the year ended December 31, 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 addition, the Company received a distribution from one of its real estate equity method investments and recognized equity in earnings during the year ended December 31, 2016 of $11.6 million. During the year ended December 31, 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) | During the year ended December 31, 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 years ended December 31, 2016, 2015 and 2014, the Company recognized $4.3 million, $2.2 million and $9.0 million, respectively, of carried interest income.
Summary of financial information of the equity method investments | The following tables present the investee level summarized financial information of the Company's equity method investments ($ in thousands):
|  | As of December 31, |  |  | For the Years Ended December 31,
|  | 2016 |  | 2015 |  |  | 2016 |  | 2015 |  | 2014
Balance Sheets |  |  |  |  |  | Income Statements |  |  |  |  |
Total assets |  | $ | 2,803,411 |  |  | $ | 3,597,587 |  |  | Revenues | $ | 272,281 |  |  | $ | 481,224 |  |  | $ | 626,039 |
Total liabilities |  | 683,079 |  |  | 768,622 |  |  | Expenses | (227,720 | ) |  | (245,968 | ) |  | (185,603 | )
Noncontrolling interests |  | 23,544 |  |  | 19,208 |  |  | Net income attributable to parent entities | 42,209 |  |  | 234,529 |  |  | 440,210 |
Total equity |  | 2,096,788 |  |  | 2,809,757 |  |  |  |  |  |  |  |

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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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