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Other Investments (Tables) | 6 Months Ended
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Jun. 30, 2020
Investments, All Other Investments [Abstract] |
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 (Losses) in Earnings |  |  |  |  |  |
| Carrying Value as of |  |  |  | For the Three Months Ended June 30, |  |  |  | For the Six Months Ended June 30, |  |
| June 30, 2020 |  | December 31, 2019 |  | 2020 |  | 2019 |  | 2020 |  | 2019
Real estate equity investments |  |  |  |  |  |  |  |  |  |  |
Safehold Inc. ("SAFE")(1) | $ | 839,557 |  |  | $ | 729,357 |  |  | $ | 8,236 |  |  | $ | 3,814 |  |  | $ | 27,574 |  |  | $ | 11,130 |
iStar Net Lease II LLC ("Net Lease Venture II") | 58,833 |  |  | 30,712 |  |  | 564 |  |  | (232) |  |  | 757 |  |  | (318) |
Other real estate equity investments | 94,702 |  |  | 104,553 |  |  | (4,893) |  |  | 293 |  |  | (6,975) |  |  | (1,830) |
Subtotal | 993,092 |  |  | 864,622 |  |  | 3,907 |  |  | 3,875 |  |  | 21,356 |  |  | 8,982 |
Other strategic investments(2) | 56,838 |  |  | 43,253 |  |  | (1,321) |  |  | (235) |  |  | (2,158) |  |  | (33) |
Total | $ | 1,049,930 |  |  | $ | 907,875 |  |  | $ | 2,586 |  |  | $ | 3,640 |  |  | $ | 19,198 |  |  | $ | 8,949 |
____________________________________________________________ (1)As of June 30, 2020, the Company owned 33.4 million shares of SAFE common stock which, based on the closing price of $57.49 on June 30, 2020, had a market value of $1.9 billion. For the six months ended June 30, 2020, equity in earnings includes a dilution gain of $7.9 million resulting from a SAFE equity offering in March 2020. (2)During the six months ended June 30, 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 $9.9 million in "Other income" in the Company's consolidated statements of operations.
Schedule of summarized financial information | The following table presents the investee level summarized financial information of the Company's equity method investments that were significant as of June 30, 2020 ($ in thousands):
|  | Revenues |  | Expenses |  | Net Income Attributable to Parent
For the Six Months Ended June 30, 2020 |  |  |  |  |  |
SAFE |  | $ | 77,518 |  |  | $ | 49,200 |  |  | $ | 29,861 |
For the Six Months Ended June 30, 2019 |  |  |  |  |  |
SAFE |  | $ | 41,500 |  |  | $ | 24,421 |  |  | $ | 11,142 |

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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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