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Other Investments (Tables)
 6 Months Ended
Jun. 30, 2017
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 from equity method investments were as follows ($ in thousands):
 
 
 
Equity in Earnings
 
Carrying Value as of
 
For the Three Months Ended June 30,
 
For the Six Months
Ended June 30,
 
June 30, 2017
 
December 31, 2016
 
2017
 
2016
 
2017
 
2016
Real estate equity investments
 
 
 
 
 
 
 
 
 
 
 
iStar Net Lease I LLC ("Net Lease Venture")
$
128,997

 
$
92,669

 
$
1,032

 
$
944

 
$
2,013

 
$
1,890

Safety, Income and Growth, Inc. ("SAFE")(1)
50,287

 
—

 
48

 
—

 
48

 
—

Marina Palms, LLC ("Marina Palms")
7,191

 
35,185

 
1,183

 
5,180

 
4,300

 
13,401

Other real estate equity investments(2)
63,107

 
53,202

 
2,892

 
28,600

 
4,249

 
26,898

Subtotal
249,582

 
181,056

 
5,155

 
34,724

 
10,610

 
42,189

Other strategic investments(3)
27,239

 
33,350

 
360

 
4,723

 
607

 
5,525

Total
$
276,821

 
$
214,406

 
$
5,515

 
$
39,447

 
$
11,217

 
$
47,714


_______________________________________________________________________________
(1)
Equity in earnings is for the period from April 14, 2017 to June 30, 2017.
(2)
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.
(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 six months ended June 30, 2016, the Company recognized $0.5 million and $3.7 million, respectively, of carried interest income.
Summarized investee financial information
The following table presents the investee level summarized financial information of the Company's equity method investments, which were significant subsidiaries for the six months ended June 30, 2017 and 2016 ($ in thousands):
 
Revenues
 
Expenses
 
Net Income Attributable to Parent Entities
For the Six Months Ended June 30, 2017
 
 
 
 
 
Marina Palms
$
31,847

 
$
(19,771
)
 
$
12,076

 
 
 
 
 
 
For the Six Months Ended June 30, 2016
 
 
 
 
 
Marina Palms
$
87,494

 
$
(47,764
)
 
$
39,730