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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


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(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.