XML 43 R34.htm IDEA: XBRL DOCUMENT v3.20.2

Other Investments (Tables)

6 Months Ended

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

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