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Other Investments (Tables) | 12 Months Ended
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Dec. 31, 2019
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,
| 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2017
Real estate equity investments |  |  |  |  |  |  |  |  |
Safehold Inc. ("SAFE")(1) | $ | 729,357 |  |  | $ | 149,589 |  |  | $ | 29,764 |  |  | $ | 4,711 |  |  | $ | 551 |
iStar Net Lease II LLC ("Net Lease Venture II") | 30,712 |  |  | 16,215 |  |  | (529 | ) |  | (333 | ) |  | — |
iStar Net Lease I LLC ("Net Lease Venture")(2) | — |  |  | — |  |  | — |  |  | 4,100 |  |  | 4,534 |
Other real estate equity investments(3) | 104,553 |  |  | 130,955 |  |  | 12,620 |  |  | (4,112 | ) |  | 6,520 |
Subtotal | 864,622 |  |  | 296,759 |  |  | 41,855 |  |  | 4,366 |  |  | 11,605 |
Other strategic investments(4) | 43,253 |  |  | 7,516 |  |  | (6 | ) |  | (9,373 | ) |  | 1,410 |
Total | $ | 907,875 |  |  | $ | 304,275 |  |  | $ | 41,849 |  |  | $ | (5,007 | ) |  | $ | 13,015 |
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(1) | As of December 31, 2019, the Company owned 31.2 million shares of SAFE common stock which, based on the closing price of $40.30 on December 31, 2019, had a market value of $1.3 billion. For the year ended December 31, 2019, equity in earnings includes a dilution gain of $7.6 million resulting from SAFE equity offerings during 2019.
(2) | The Company consolidated the assets and liabilities of the Net Lease Venture on June 30, 2018 (refer to Net Lease Venture below).
(3) | During the year ended December 31, 2019, equity in earnings (losses) includes $19.3 million of income resulting primarily from the sale of properties at two of the Company's equity method investments. 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.
(4) For the year ended December 31, 2018, equity in earnings (losses) includes a $10.0 million impairment on a foreign equity method investment due to local market conditions.
Summary of financial information of the equity method investments | The following table presents the investee level summarized financial information of the Company's equity method investments ($ in thousands):
|  | As of December 31, |  |  | For the Years Ended December 31,
|  | 2019 |  | 2018 |  |  | 2019 |  | 2018 |  | 2017
Balance Sheets |  |  |  |  |  | Income Statements |  |  |  |  |
Total assets |  | $ | 3,653,763 |  |  | $ | 2,118,045 |  |  | Revenues | $ | 214,123 |  |  | $ | 262,970 |  |  | $ | 261,867 |
Total liabilities |  | 1,918,034 |  |  | 1,016,502 |  |  | Expenses | (181,456 | ) |  | (187,257 | ) |  | (167,999 | )
Noncontrolling interests |  | 1,486 |  |  | 2,007 |  |  | Net income attributable to parent entities | 32,474 |  |  | 75,056 |  |  | 91,633 |
Total equity attributable to parent entities |  | 1,734,243 |  |  | 1,099,536 |  |  |  |  |  |  |  |

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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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