XML 208 R30.htm IDEA: XBRL DOCUMENT
v3.19.3

Real Estate (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2019
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 September 30, 2019 |  |  |  |  |
Land, at cost | $ | 201,197 |  |  | $ | 106,187 |  |  | $ | 307,384 |
Buildings and improvements, at cost | 1,342,319 |  |  | 106,821 |  |  | 1,449,140 |
Less: accumulated depreciation | (213,618 | ) |  | (12,790 | ) |  | (226,408 | )
Real estate, net | 1,329,898 |  |  | 200,218 |  |  | 1,530,116 |
Real estate available and held for sale (2) | — |  |  | 12,688 |  |  | 12,688 |
Total real estate | $ | 1,329,898 |  |  | $ | 212,906 |  |  | $ | 1,542,804 |
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 |
_______________________________________________________________________________
(1) | In May 2019, the Company modified certain of its leases. As a result of these modifications, the Company is required to account for the leases as sales-type leases and recorded $424.1 million in "Net investment in leases" and derecognized $193.4 million from "Real estate, net" and "Real estate available and held for sale" on its consolidated balance sheet (refer to Note 5).
(2) As of September 30, 2019 and December 31, 2018, the Company had $11.7 million and $20.6 million, respectively, of residential condominiums available for sale in its operating properties portfolio.
Schedule of net proceeds and income recognized for properties sold | The following table presents the net proceeds and income recognized for properties sold, by property type ($ in millions):
|  | Nine Months Ended September 30,
|  | 2019 |  | 2018
Operating Properties |  |  |  |
Proceeds(1) |  | $ | 80.2 |  |  | $ | 228.7 |
Income from sales of real estate(1) |  | 10.2 |  |  | 54.5 |
Net Lease |  |  |  |
Proceeds(2) |  | $ | 452.7 |  |  | $ | 38.4 |
Income from sales of real estate(2) |  | 223.2 |  |  | 24.9 |
Total |  |  |  |
Proceeds |  | $ | 532.9 |  |  | $ | 267.1 |
Income from sales of real estate |  | 233.4 |  |  | 79.4 |
_______________________________________________________________________________
(1) | During the nine months ended September 30, 2019, the Company sold commercial and residential operating properties with an aggregate carrying value of $70.0 million and recognized gains of $10.2 million in "Income from sales of real estate" in the Company's consolidated statements of operations. During the nine months ended September 30, 2018, the Company sold commercial and residential operating properties and recognized $54.5 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 nine months ended September 30, 2019, the Company sold a portfolio of net lease assets with an aggregate carrying value of $220.4 million and recognized gains of $219.7 million in "Income from sales of real estate" in the Company's consolidated statements of operations. In connection with the sale of this portfolio of assets the buyer assumed a $228.0 million non-recourse mortgage. During the nine months ended September 30, 2018, the Company sold net lease assets and recognized $24.9 million of gains in "Income from sales of real estate" in the Company's consolidated statements of operations.

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