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Other Investments (Tables)
 6 Months Ended
Jun. 30, 2018
Investments, All Other Investments [Abstract]  
Schedule of other investments and proportionate share of earnings from 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 (Losses)
 
Carrying Value as of
 
For the Three Months Ended June 30,
 
For the Six Months
Ended June 30,
 
June 30, 2018
 
December 31, 2017
 
2018
 
2017
 
2018
 
2017
Real estate equity investments
 
 
 
 
 
 
 
 
 
 
 
iStar Net Lease I LLC ("Net Lease Venture")(1)
$
—

 
$
121,139

 
$
2,016

 
$
1,032

 
$
4,100

 
$
2,013

Safety, Income & Growth Inc. ("SAFE")(2)
147,512

 
83,868

 
680

 
48

 
2,152

 
48

Other real estate equity investments(2)
138,716

 
102,616

 
(295
)
 
4,075

 
(25
)
 
8,549

Subtotal
286,228

 
307,623

 
2,401

 
5,155

 
6,227

 
10,610

Other strategic investments(3)
6,789

 
13,618

 
(9,679
)
 
360

 
(10,173
)
 
607

Total
$
293,017

 
$
321,241

 
$
(7,278
)
 
$
5,515

 
$
(3,946
)
 
$
11,217


____________________________________________________________
(1)
The Company consolidated the assets and liabilities of the Net Lease Venture on June 30, 2018 (refer to Net Lease Venture below).
(2)
On January 1, 2018, the Company recorded a step-up in basis to fair value of its retained noncontrolling interest relating to the sale of its Ground Lease business (refer to Note 4) and other transactions where the Company sold or contributed real estate to a venture and previously recognized partial gains. Prior to the adoption of ASU 2017-05 (refer to Note 3), the Company was required to recognize gains on only the portion of its interest transferred to third parties and was precluded from recognizing a gain on its retained noncontrolling interest, which was carried at the Company’s historical cost basis.
(3)
For the three and six months ended June 30, 2018, equity in earnings (losses) includes a $10.0 million impairment on a foreign equity method investment due to local market conditions.