XML 49 R35.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Real Estate (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Real Estate [Abstract] |
Schedule of real estate assets | The Company's real estate assets were comprised of the following ($ in thousands):
| Net Lease(1) |  | Operating Properties |  | Total
As of December 31, 2018 |  |  |  |  |
Land, at cost | $ | 336,740 |  |  | $ | 133,599 |  |  | $ | 470,339 |
Buildings and improvements, at cost | 1,487,270 |  |  | 118,724 |  |  | 1,605,994 |
Less: accumulated depreciation | (287,516 | ) |  | (17,798 | ) |  | (305,314 | )
Real estate, net | 1,536,494 |  |  | 234,525 |  |  | 1,771,019 |
Real estate available and held for sale (2) | 1,055 |  |  | 21,496 |  |  | 22,551 |
Total real estate | $ | 1,537,549 |  |  | $ | 256,021 |  |  | $ | 1,793,570 |
As of December 31, 2017 |  |  |  |  |
Land, at cost | $ | 219,092 |  |  | $ | 203,278 |  |  | $ | 422,370 |
Buildings and improvements, at cost | 888,959 |  |  | 318,107 |  |  | 1,207,066 |
Less: accumulated depreciation | (292,268 | ) |  | (55,137 | ) |  | (347,405 | )
Real estate, net | 815,783 |  |  | 466,248 |  |  | 1,282,031 |
Real estate available and held for sale (2) | — |  |  | 68,588 |  |  | 68,588 |
Total real estate | $ | 815,783 |  |  | $ | 534,836 |  |  | $ | 1,350,619 |
_______________________________________________________________________________
(1) | On June 30, 2018, the Company consolidated the Net Lease Venture (refer to Note 7) and recorded $743.6 million to "Real estate, net" on the Company's consolidated balance sheet.
(2) | As of December 31, 2018 and 2017 the Company had $20.6 million and $48.5 million, respectively, of residential condominiums available for sale in its operating properties portfolio.
Schedule of real estate available and held for sale | The following table presents the carrying value of properties transferred to held for sale, by segment ($ in millions)(1):
|  | Year Ended December 31,
Property Type |  | 2018 |  | 2017 |  | 2016
Operating Properties |  | $ | 23.2 |  |  | $ | 20.1 |  |  | $ | 16.1 |
Net Lease |  | 8.1 |  |  | 0.9 |  |  | 1.8 |
Total |  | $ | 31.3 |  |  | $ | 21.0 |  |  | $ | 17.9 |
_______________________________________________________________________________
(1) | Properties were transferred to held for sale due to executed contracts with third parties or changes in business strategy.
Schedule of income (loss) from discontinued operations | The transactions described above involving the Company's Ground Lease business qualified for discontinued operations and the following table summarizes income from discontinued operations for the years ended December 31, 2017 and 2016 ($ in thousands)(1):
|  | Year Ended December 31,
|  | 2017 |  | 2016
Revenues |  | $ | 5,922 |  |  | $ | 21,839 |
Expenses |  | (1,491 | ) |  | (3,569 | )
Income from sales of real estate |  | 508 |  |  | — |
Income from discontinued operations |  | $ | 4,939 |  |  | $ | 18,270 |
_______________________________________________________________________________
(1) | The transactions closed on April 14, 2017. Revenues primarily consisted of operating lease income and expenses primarily consisted of depreciation and amortization and real estate expense.
The following table presents cash flows provided by operating activities and cash flows used in investing activities from discontinued operations for the years ended December 31, 2017 and 2016 ($ in thousands).
|  | Year Ended December 31,
|  | 2017 |  | 2016
Cash flows provided by operating activities |  | $ | 5,702 |  |  | $ | 16,662 |
Cash flows used in investing activities |  | (534 | ) |  | (7,972 | )
Schedule of proceeds from other dispositions | The following table presents the proceeds and income recognized for properties sold, by property type ($ in millions):
|  | Year Ended December 31,
|  | 2018 |  | 2017 |  | 2016
Operating Properties(1) |  |  |  |  |  |
Proceeds |  | $ | 327.9 |  |  | $ | 41.3 |  |  | $ | 326.9 |
Income from sales of real estate |  | 81.0 |  |  | 4.5 |  |  | 75.4 |
Net Lease(2)(3) |  |  |  |  |  |
Proceeds |  | $ | 79.7 |  |  | $ | 175.4 |  |  | $ | 117.2 |
Income from sales of real estate |  | 45.0 |  |  | 87.5 |  |  | 21.1 |
Total |  |  |  |  |  |
Proceeds |  | $ | 407.6 |  |  | $ | 216.7 |  |  | $ | 444.1 |
Income from sales of real estate |  | 126.0 |  |  | 92.0 |  |  | 96.5 |
_______________________________________________________________________________
(1) | During the year ended December 31, 2018, the Company sold 10 commercial operating properties and residential condominium units from other properties and recognized $81.0 million of gains in "Income from sales of real estate" in the Company's consolidated statements of operations, of which $9.8 million was attributable to a noncontrolling interest at one of the properties.
(2) | During the year ended December 31, 2018, the Company sold five net lease assets and recognized $45.0 million of gains in "Income from sales of real estate" in the Company's consolidated statements of operations.
(3) | During the year ended December 31, 2017, the Company sold one net lease property and recognized a gain on sale of $62.5 million. Prior to the sale, the Company acquired the noncontrolling interest with a carrying value of $3.5 million for $12.0 million.
Schedule of future minimum rental payments for operating leases | Future minimum operating lease payments to be collected under non-cancelable leases, excluding customer reimbursements of expenses, in effect as of December 31, 2018, are as follows ($ in thousands):
Year |  | Net Lease Assets |  | Operating Properties
2019 |  | $ | 156,968 |  |  | $ | 22,400 |
2020 |  | 157,476 |  |  | 21,146 |
2021 |  | 158,453 |  |  | 19,953 |
2022 |  | 160,395 |  |  | 11,358 |
2023 |  | 154,105 |  |  | 10,417 |
Future minimum lease obligations under non-cancelable operating leases are as follows ($ in thousands):
2019 | $ | 4,340 |
2020 | 4,016 |
2021 | 1,589 |
2022 | 991 |
2023 | 849 |
Thereafter | 2,469 |

X
- Definition Schedule of Real Estate Assets [Table Text Block] + References No definition available. + Details
Name: | star_ScheduleOfRealEstateAssetsTableTextBlock
Namespace Prefix: | star_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Proceeds from Other Dispositions [Table Text Block] + References No definition available. + Details
Name: | star_ScheduleofProceedsfromOtherDispositionsTableTextBlock
Namespace Prefix: | star_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long lived assets held for sale. Disclosure may include the description of the facts and circumstances leading to the expected disposal, manner and timing of disposal, the carrying value of the assets held for sale, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230 + Details
Name: | us-gaap_DisclosureOfLongLivedAssetsHeldForSaleTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RealEstateAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=109226691&loc=SL51724579-110230 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1474-107760 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721677-107760 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=109222160&loc=SL51721533-107759 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721659-107760 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721665-107760 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721675-107760 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721671-107760 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721673-107760 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721663-107760 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717 + Details
Name: | us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration