XML 98 R35.htm IDEA: XBRL DOCUMENT
v3.20.1

Other Investments (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2020
Investments, All Other Investments [Abstract] |
Equity Method Investments, Summarized Financial Information [Table Text Block] | The following table presents the investee level summarized financial information of the Company's equity method investments that were significant as of March 31, 2020 ($ in thousands):
|  | Revenues |  | Expenses |  | Net Income Attributable to Parent
For the Three Months Ended March 31, 2020 |  |  |  |  |  |
SAFE |  | $ | 40,165 |  |  | $ | 23,587 |  |  | $ | 17,347 |
For the Three Months Ended March 31, 2019 |  |  |  |  |  |
SAFE |  | $ | 21,820 |  |  | $ | 10,683 |  |  | $ | 6,619 |
Schedule of other investments and proportionate share of earnings from equity method investments | The Company's other investments and its proportionate share of earnings (losses) from equity method investments were as follows ($ in thousands):
|  |  | Equity in Earnings (Losses)
| Carrying Value as of |  | For the Three Months Ended March 31,
| March 31, 2020 |  | December 31, 2019 |  | 2020 |  | 2019
Real estate equity investments |  |  |  |  |  |  |
Safehold Inc. ("SAFE")(1) | $ | 834,351 |  |  | $ | 729,357 |  |  | $ | 19,338 |  |  | $ | 7,316 |
iStar Net Lease II LLC ("Net Lease Venture II") | 46,183 |  |  | 30,712 |  |  | 193 |  |  | (86 | )
Other real estate equity investments | 96,681 |  |  | 104,553 |  |  | (2,082 | ) |  | (2,123 | )
Subtotal | 977,215 |  |  | 864,622 |  |  | 17,449 |  |  | 5,107 |
Other strategic investments(2) | 52,337 |  |  | 43,253 |  |  | (837 | ) |  | 202 |
Total | $ | 1,029,552 |  |  | $ | 907,875 |  |  | $ | 16,612 |  |  | $ | 5,309 |
____________________________________________________________
(1) | As of March 31, 2020, the Company owned 33.4 million shares of SAFE common stock which, based on the closing price of $63.23 on March 31, 2020, had a market value of $2.1 billion. For the three months ended March 31, 2020, equity in earnings includes a dilution gain of $7.9 million resulting from a SAFE equity offering in March 2020.
(2) | During the three months ended March 31, 2020, the Company identified an observable price change in an equity security held by the Company as evidenced by an orderly private issuance of similar securities by the same issuer. In accordance with ASC 321, the Company remeasured its equity investment at fair value and recognized a mark-to-market gain of $9.9 million in "Other income" in the Company's consolidated statements of operations.

X
- Definition [Table Text Block] for Equity Method Investments, Summarized Financial Information [Table] + References No definition available. + Details
Name: | star_EquityMethodInvestmentsSummarizedFinancialInformationTableTextBlock
Namespace Prefix: | star_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_EquityMethodInvestmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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