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Other Investments (Tables) | 12 Months Ended
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Dec. 31, 2018
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,
| 2018 |  | 2017 |  | 2018 |  | 2017 |  | 2016
Real estate equity investments |  |  |  |  |  |  |  |  |
Safety, Income & Growth Inc. ("SAFE")(1)(2) | $ | 149,589 |  |  | $ | 83,868 |  |  | $ | 4,711 |  |  | $ | 551 |  |  | $ | — |
iStar Net Lease II LLC ("Net Lease Venture II") | 16,215 |  |  | — |  |  | (333 | ) |  | — |  |  | — |
iStar Net Lease I LLC ("Net Lease Venture")(3) | — |  |  | 121,139 |  |  | 4,100 |  |  | 4,534 |  |  | 3,567 |
Other real estate equity investments(2)(4) | 130,955 |  |  | 102,616 |  |  | (4,112 | ) |  | 6,520 |  |  | 63,875 |
Subtotal | 296,759 |  |  | 307,623 |  |  | 4,366 |  |  | 11,605 |  |  | 67,442 |
Other strategic investments(5) | 7,516 |  |  | 13,618 |  |  | (9,373 | ) |  | 1,410 |  |  | 9,907 |
Total | $ | 304,275 |  |  | $ | 321,241 |  |  | $ | (5,007 | ) |  | $ | 13,015 |  |  | $ | 77,349 |
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(1) | On January 2, 2019, the Company made an additional $250.0 million cash investment in newly designated limited partnership units (the "Investor Units") of SAFE's operating partnership ("SAFE OP") (refer to Note 19). For the year ended December 31, 2017, equity in earnings is for the period from April 14, 2017 to December 31, 2017.
(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, 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) | The Company consolidated the assets and liabilities of the Net Lease Venture on June 30, 2018 (refer to Net Lease Venture below).
(4) | During the year ended December 31, 2018, the Company recorded a $6.1 million impairment on a land and development equity method investment due to a change in business strategy. 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.
(5) | For the year ended December 31, 2018, equity in earnings (losses) includes a $10.0 million impairment on a foreign equity method investment due to local market conditions.
Summary of financial information of the equity method investments | The following tables present the investee level summarized financial information of the Company's equity method investments ($ in thousands):
|  | As of December 31, |  |  | For the Years Ended December 31,
|  | 2018 |  | 2017 |  |  | 2018 |  | 2017 |  | 2016
Balance Sheets |  |  |  |  |  | Income Statements |  |  |  |  |
Total assets |  | $ | 2,118,045 |  |  | $ | 2,493,798 |  |  | Revenues | $ | 262,970 |  |  | $ | 261,867 |  |  | $ | 272,281 |
Total liabilities |  | 1,016,502 |  |  | 1,169,125 |  |  | Expenses | (187,257 | ) |  | (167,999 | ) |  | (227,720 | )
Noncontrolling interests |  | 2,007 |  |  | 13,258 |  |  | Net income attributable to parent entities | 75,056 |  |  | 91,633 |  |  | 42,209 |
Total equity attributable to parent entities |  | 1,099,536 |  |  | 1,311,415 |  |  |  |  |  |  |  |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
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