XML 103 R76.htm IDEA: XBRL DOCUMENT v3.8.0.1
Other Investments (Narrative) (Details)
$ / shares in Units, shares in Thousands
 1 Months Ended 6 Months Ended 12 Months Ended
Jun. 27, 2017
USD ($)
Apr. 14, 2017
USD ($)
Oct. 31, 2017
USD ($)
unit
Aug. 31, 2017
USD ($)
Apr. 30, 2017
USD ($)
property
Dec. 31, 2016
USD ($)
Nov. 30, 2016
USD ($)
Sep. 30, 2016
USD ($)
Jun. 30, 2015
USD ($)
Dec. 31, 2017
USD ($)
unit
plan
$ / shares
shares
Dec. 31, 2017
USD ($)
unit
Dec. 31, 2016
USD ($)
property
Dec. 31, 2015
USD ($)
Mar. 31, 2017
USD ($)
Dec. 31, 2014
USD ($)
Feb. 28, 2014
USD ($)
Schedule of Equity Method Investments [Line Items]                                
Acquisitions of real estate assets                     $ 6,600,000 $ 38,433,000 $ 0      
Net proceeds from sales of real estate                     314,013,000 $ 435,560,000 362,530,000      
Number of properties acquired | property                       2        
Contributions to other investments                     224,219,000 $ 58,197,000 11,531,000      
Total assets           $ 2,803,411,000       $ 2,493,798,000 2,493,798,000 2,803,411,000        
Assets           4,825,514,000       4,731,078,000 4,731,078,000 4,825,514,000        
Gain from discontinued operations                     123,418,000 0 0      
Debt obligation           3,418,357,000       3,539,991,000 3,539,991,000 3,418,357,000        
Total gross carrying value of loans           1,456,068,000       1,289,568,000 1,289,568,000 1,456,068,000        
Carrying value           214,406,000       321,241,000 321,241,000 214,406,000        
Income from sales of real estate                     92,049,000 105,296,000 93,816,000      
Distributions from other investments                     49,672,000 92,482,000 119,854,000      
Earnings (loss) from equity method investments                     13,015,000 77,349,000 32,153,000      
Cost investments           1,400,000       800,000 800,000 1,400,000        
Proceeds from sale of available-for-sale securities                         7,400,000      
Available-for-sale securities, realized gain                         2,600,000      
2017 Secured Financing                                
Schedule of Equity Method Investments [Line Items]                                
Debt instrument, face amount                           $ 227,000,000.0    
Net Lease                                
Schedule of Equity Method Investments [Line Items]                                
Income from sales of real estate                     87,500,000 21,100,000 40,100,000      
Operating Properties                                
Schedule of Equity Method Investments [Line Items]                                
Income from sales of real estate                     4,500,000 75,400,000 53,700,000      
iStar Net Lease I LLC                                
Schedule of Equity Method Investments [Line Items]                                
Acquisitions of real estate assets                     59,000,000          
Net proceeds from sales of real estate                     6,200,000          
Financing derecognized during sale                     18,900,000          
Payments to acquire equity method investments                     49,200,000          
Contributions to other investments                       37,700,000        
Distributions from other investments             $ 13,200,000   $ 61,200,000   26,000,000          
iStar Net Lease I LLC | Net Lease                                
Schedule of Equity Method Investments [Line Items]                                
Debt instrument term             5 years   10 years              
Debt instrument, face amount             $ 29,000,000.0   $ 120,000,000.0              
iStar Net Lease I LLC | Net Lease                                
Schedule of Equity Method Investments [Line Items]                                
iStar's ownership percentage                               51.90%
Partners' capital account, contributions (up to)                               $ 500,000,000
Equity method investment, related party ownership percentage                               0.60%
Equity method investment, related party promote fee percentage                               50.00%
Equity method investment, partner ownership percentage                               47.50%
Total assets           511,300,000       $ 658,300,000 658,300,000 511,300,000        
iStar Net Lease I LLC | Other Income                                
Schedule of Equity Method Investments [Line Items]                                
Management fees revenue                     $ 2,100,000 1,600,000 $ 1,500,000      
Great Oaks                                
Schedule of Equity Method Investments [Line Items]                                
Operating leases, term     99 years                          
Number of units in real estate property to be built | unit     301                          
Leasehold improvement allowance     $ 7,200,000                          
Marina Palms                                
Schedule of Equity Method Investments [Line Items]                                
iStar's ownership percentage                   47.50% 47.50%          
Number of units | unit                   468 468          
Marina Palms | Land                                
Schedule of Equity Method Investments [Line Items]                                
Total assets           201,800,000       $ 32,400,000 $ 32,400,000 201,800,000        
Marine Palms, LLC, North Tower                                
Schedule of Equity Method Investments [Line Items]                                
Number of units for sale | unit                   1 1          
Number of units | unit                   234 234          
Marine Palms, LLC, South Tower                                
Schedule of Equity Method Investments [Line Items]                                
Number of units | unit                   234 234          
Percentage of units pre-sold                     85.00%          
Other real estate equity investments                                
Schedule of Equity Method Investments [Line Items]                                
Earnings (loss) from equity method investments                       11,600,000        
Other real estate equity investments | Minimum                                
Schedule of Equity Method Investments [Line Items]                                
iStar's ownership percentage                   20.00% 20.00%          
Other real estate equity investments | Maximum                                
Schedule of Equity Method Investments [Line Items]                                
iStar's ownership percentage                   95.00% 95.00%          
Other real estate equity investments | Land                                
Schedule of Equity Method Investments [Line Items]                                
Carrying value           49,600,000       $ 61,300,000 $ 61,300,000 49,600,000        
Other real estate equity investments | Operating Properties                                
Schedule of Equity Method Investments [Line Items]                                
Carrying value           3,600,000       $ 38,800,000 $ 38,800,000 3,600,000        
RCC | Operating Properties                                
Schedule of Equity Method Investments [Line Items]                                
iStar's ownership percentage                   50.00% 50.00%   50.00%      
Contributions to other investments                         $ 13,600,000      
Sales price of real estate held for investment           36,000,000             68,500,000      
Income from sales of real estate           8,800,000             13,600,000      
Proceeds from sale of other real estate, net of equity contribution           7,000,000             55,400,000      
Loans commitment                   $ 27,000,000 $ 27,000,000          
Payments for funding under loan commitments                   $ 25,400,000 25,400,000          
Distributions from other investments                     $ 17,600,000   21,000,000      
Equity Method Investee Two | Land                                
Schedule of Equity Method Investments [Line Items]                                
iStar's ownership percentage                   50.00% 50.00%       85.70%  
Carrying value           $ 0           0        
Loans commitment                             $ 45,700,000  
Earnings (loss) from equity method investments               $ 11,600,000                
Interest and fee income                       $ 3,600,000 $ 3,900,000      
Safety, Income and Growth, Inc.                                
Schedule of Equity Method Investments [Line Items]                                
iStar's ownership percentage                   37.60% 37.60%          
Payments to acquire interest in joint venture   $ 57,500,000                            
Assets   161,100,000                            
Gain from discontinued operations         $ 123,400,000                      
Maximum allowable ownership interest (as a percent)                   39.90%            
Income from sales of real estate         123,400,000                      
Safety, Income and Growth, Inc. | Ground Lease                                
Schedule of Equity Method Investments [Line Items]                                
Debt instrument term       1 year                        
Commitment to extend credit to customer       $ 24,000,000                        
Commitment to extend credit, amount funded                   $ 5,200,000 $ 5,200,000          
Safety, Income and Growth, Inc. | Ground Net Lease Business                                
Schedule of Equity Method Investments [Line Items]                                
Net proceeds from sales of real estate   113,000,000     113,000,000                      
Payments to acquire equity method investments   $ 55,500,000     $ 55,500,000                      
Number of properties acquired | property         12                      
Ownership interest by noncontrolling owners (as a percent)   49.00%                            
Noncontrolling interest, ownership percentage by parent   51.00%                            
Private Placement | Safety, Income and Growth, Inc.                                
Schedule of Equity Method Investments [Line Items]                                
Proceeds from issuance initial public offering $ 205,000,000                              
Proceeds from issuance of private placement 45,000,000                              
IPO | Safety, Income and Growth, Inc.                                
Schedule of Equity Method Investments [Line Items]                                
Payments of stock issuance costs                   $ 18,900,000            
Offering costs $ 25,000,000                              
10b5-1 Plan | Safety, Income and Growth, Inc.                                
Schedule of Equity Method Investments [Line Items]                                
Number of shares purchased | shares                   1,800            
Aggregate value of common stock purchased                   $ 34,100,000            
Average share price of common stock purchased (in dollars per share) | $ / shares                   $ 18.85            
Number of common stock purchase plans | plan                   2            
Chief Executive Officer and Chief Financial Officer | 10b5-1 Plan | Safety, Income and Growth, Inc.                                
Schedule of Equity Method Investments [Line Items]                                
Number of shares purchased | shares                   26            
Aggregate value of common stock purchased                   $ 500,000            
Average share price of common stock purchased (in dollars per share) | $ / shares                   $ 19.20            
Subsidiaries | Safety, Income and Growth, Inc.                                
Schedule of Equity Method Investments [Line Items]                                
Management fee, percent of equity below threshold                   1.00%            
Management fee, shareholders' equity threshold amount                   $ 2,500,000,000.0 2,500,000,000.0          
Management fee, percent of equity above threshold                   0.75%            
Leasehold First Mortgage | Great Oaks                                
Schedule of Equity Method Investments [Line Items]                                
Debt obligation     80,500,000                          
Total gross carrying value of loans     $ 80,500,000                          
Safety, Income and Growth, Inc. | Great Oaks                                
Schedule of Equity Method Investments [Line Items]                                
Forward purchase contract, purchase agreement, amount                   $ 34,000,000 $ 34,000,000