XML 99 R39.htm IDEA: XBRL DOCUMENT
v3.20.1

Commitments and Contingencies (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract] |
Schedule of unfunded commitments | As of March 31, 2020, the maximum amount of fundings the Company may be required to make under each category, assuming all performance hurdles and milestones are met under the Performance-Based Commitments and that 100% of its capital committed to Strategic Investments is drawn down, are as follows ($ in thousands):
| Loans and Other Lending Investments(1) |  | Real Estate(2) |  | Other Investments |  | Total
Performance-Based Commitments | $ | 183,608 |  |  | $ | 81,718 |  |  | $ | 53,122 |  |  | $ | 318,448 |
Strategic Investments | — |  |  | — |  |  | 17,351 |  |  | 17,351 |
Total | $ | 183,608 |  |  | $ | 81,718 |  |  | $ | 70,473 |  |  | $ | 335,799 |
_______________________________________________________________________________
(1) | Excludes $12.1 million of commitments on loan participations sold that are not the obligation of the Company.
(2) Includes a commitment to invest up to $55.0 million in additional bowling centers over the next several years (refer to Note 5).
Schedule of future minimum lease obligations - operating leases | Future minimum lease obligations under operating and finance leases as of March 31, 2020 are as follows ($ in thousands):
| Operating(1)(2) |  | Finance(1)
2020 (remaining nine months) | $ | 3,095 |  |  | $ | 4,052 |
2021 | 3,624 |  |  | 5,494 |
2022 | 6,561 |  |  | 5,604 |
2023 | 6,190 |  |  | 5,716 |
2024 | 6,080 |  |  | 5,830 |
Thereafter | 6,576 |  |  | 1,573,771 |
Total undiscounted cash flows | 32,126 |  |  | 1,600,467 |
Present value discount(1) | (4,654 | ) |  | (1,452,028 | )
Other adjustments(2) | 24,984 |  |  | — |
Lease liabilities | $ | 52,456 |  |  | $ | 148,439 |
_______________________________________________________________________________
(1) | During the three months ended March 31, 2020 and 2019, the Company made payments of $1.1 million and $1.1 million, respectively, related to its operating leases and $1.3 million and $0.2 million, respectively, related to its finance leases. The weighted average lease term for the Company's operating leases, excluding operating leases for which the Company's tenants pay rent on its behalf, was 6.3 years and the weighted average discount rate was 5.1%. The weighted average lease term for the Company's finance leases was 97.7 years and the weighted average discount rate was 5.5%.
(2) | The Company is obligated to pay ground rent under certain operating leases; however, the Company's tenants at the properties pay this expense directly under the terms of various subleases and these amounts are excluded from lease obligations. The amount shown above is the net present value of the payments to be made by the Company's tenants on its behalf.
Future minimum lease obligations under non-cancelable operating and finance leases as of December 31, 2019 are as follows ($ in thousands):
| Operating(1)(2) |  | Finance(1)
2020 | $ | 4,167 |  |  | $ | 5,386 |
2021 | 1,803 |  |  | 5,494 |
2022 | 1,098 |  |  | 5,604 |
2023 | 728 |  |  | 5,716 |
2024 | 617 |  |  | 5,830 |
Thereafter | 1,447 |  |  | 1,573,824 |
Total undiscounted cash flows | 9,860 |  |  | 1,601,854 |
Present value discount(1) | (1,057 | ) |  | (1,454,105 | )
Other adjustments(2) | 25,379 |  |  | — |
Lease liabilities | $ | 34,182 |  |  | $ | 147,749 |
_______________________________________________________________________________
(1) | The Company is obligated to pay ground rent under certain operating leases; however, the Company's tenants at the properties pay this expense directly under the terms of various subleases and these amounts are excluded from lease obligations.
(2) The Company is obligated to pay ground rent under certain operating leases; however, the Company's tenants at the properties pay this expense directly under the terms of various subleases and these amounts are excluded from lease obligations. The amount shown above is the net present value of the payments to be made by the Company's tenants on its behalf.
Schedule of future minimum lease obligations - finance leases | Future minimum lease obligations under operating and finance leases as of March 31, 2020 are as follows ($ in thousands):
| Operating(1)(2) |  | Finance(1)
2020 (remaining nine months) | $ | 3,095 |  |  | $ | 4,052 |
2021 | 3,624 |  |  | 5,494 |
2022 | 6,561 |  |  | 5,604 |
2023 | 6,190 |  |  | 5,716 |
2024 | 6,080 |  |  | 5,830 |
Thereafter | 6,576 |  |  | 1,573,771 |
Total undiscounted cash flows | 32,126 |  |  | 1,600,467 |
Present value discount(1) | (4,654 | ) |  | (1,452,028 | )
Other adjustments(2) | 24,984 |  |  | — |
Lease liabilities | $ | 52,456 |  |  | $ | 148,439 |
_______________________________________________________________________________
(1) | During the three months ended March 31, 2020 and 2019, the Company made payments of $1.1 million and $1.1 million, respectively, related to its operating leases and $1.3 million and $0.2 million, respectively, related to its finance leases. The weighted average lease term for the Company's operating leases, excluding operating leases for which the Company's tenants pay rent on its behalf, was 6.3 years and the weighted average discount rate was 5.1%. The weighted average lease term for the Company's finance leases was 97.7 years and the weighted average discount rate was 5.5%.
(2) | The Company is obligated to pay ground rent under certain operating leases; however, the Company's tenants at the properties pay this expense directly under the terms of various subleases and these amounts are excluded from lease obligations. The amount shown above is the net present value of the payments to be made by the Company's tenants on its behalf.
Future minimum lease obligations under non-cancelable operating and finance leases as of December 31, 2019 are as follows ($ in thousands):
| Operating(1)(2) |  | Finance(1)
2020 | $ | 4,167 |  |  | $ | 5,386 |
2021 | 1,803 |  |  | 5,494 |
2022 | 1,098 |  |  | 5,604 |
2023 | 728 |  |  | 5,716 |
2024 | 617 |  |  | 5,830 |
Thereafter | 1,447 |  |  | 1,573,824 |
Total undiscounted cash flows | 9,860 |  |  | 1,601,854 |
Present value discount(1) | (1,057 | ) |  | (1,454,105 | )
Other adjustments(2) | 25,379 |  |  | — |
Lease liabilities | $ | 34,182 |  |  | $ | 147,749 |
_______________________________________________________________________________
(1) | The Company is obligated to pay ground rent under certain operating leases; however, the Company's tenants at the properties pay this expense directly under the terms of various subleases and these amounts are excluded from lease obligations.
(2) | The Company is obligated to pay ground rent under certain operating leases; however, the Company's tenants at the properties pay this expense directly under the terms of various subleases and these amounts are excluded from lease obligations. The amount shown above is the net present value of the payments to be made by the Company's tenants on its behalf.

X
- Definition Tabular disclosure of off-balance sheet unfunded financial commitments which includes performance-based commitments, discretionary funding arrangements and strategic investment commitments. + References No definition available. + Details
Name: | star_UnfundedFinancialCommitmentsTableTextBlock
Namespace Prefix: | star_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
Name: | us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration