XML 45 R35.htm IDEA: XBRL DOCUMENT v3.19.2
Other Investments (Tables)
 6 Months Ended
Jun. 30, 2019
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, 2019
 
December 31, 2018
 
2019
 
2018
 
2019
 
2018
Real estate equity investments
 
 
 
 
 
 
 
 
 
 
 
Safehold Inc. ("SAFE")
$
402,860

 
$
149,589

 
$
3,814

 
$
680

 
$
11,130

 
$
2,152

iStar Net Lease II LLC ("Net Lease Venture II")
5,397

 
16,215

 
(232
)
 
—

 
(318
)
 
—

iStar Net Lease I LLC ("Net Lease Venture")(1)
—

 
—

 
—

 
2,016

 
—

 
4,100

Other real estate equity investments
111,958

 
130,955

 
293

 
(295
)
 
(1,830
)
 
(25
)
Subtotal
520,215

 
296,759

 
3,875

 
2,401

 
8,982

 
6,227

Other strategic investments(2)
43,955

 
7,516

 
(235
)
 
(9,679
)
 
(33
)
 
(10,173
)
Total
$
564,170

 
$
304,275

 
$
3,640

 
$
(7,278
)
 
$
8,949

 
$
(3,946
)

____________________________________________________________
(1)
The Company consolidated the assets and liabilities of the Net Lease Venture on June 30, 2018 (refer to Net Lease Venture below).
(2)
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.